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8/15/2018

People with foreign currency to spend are splurging on luxury goods in Turkey, where its currency's recent deep dive has made designer brands including Chanel and Louis Vuitton much more affordable.

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Louis Vuitton, Chanel
8/15/2018

Wajax posted second-quarter earnings of $9.3 million on sales of $291.2 million, with both up from a year earlier. Three key segments of Wajax reported year-over-year increases in revenue.

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Wajax
8/15/2018

Advance Auto Parts posted second-quarter profit of $117.84 million on revenue of $2.33 billion, both increasing from the year prior. The company also named Jeffrey Shepherd as chief financial officer.

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RTT News, Seeking Alpha
8/15/2018

Flipkart launched its Supermart online grocery services in Bengaluru earlier this year and reportedly has plans to invest $264 million to expand into new cities over the next few years. The Indian e-commerce company will face rivals Amazon, Big Basket and Grofers in an increasingly competitive sector.

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Flipkart, Amazon, Flipkart
8/15/2018

Japan-based discount retailer Don Quijote Holdings would consider acquiring Walmart's retail chain, Seiyu, if it goes up for sale, Don Quijote CEO Koji Ohara said.

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Don Quijote, Seiyu, Seiyu, Walmart
8/15/2018

Boon Supply makes it easy to do good in the world. The e-commerce platform for everyday home essentials and decor donates 50% of every purchase to more than 500 causes and works with schools to contribute $12.5 million annually to education programmes. CEO and serial entrepreneur Lily Kanter joins NRF's Retail Gets Real podcast to discuss the "shop-for-good" movement. Listen.

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nrf.com
8/14/2018

A warmer-than-expected start to the summer gave Home Depot a second-quarter boost, with same-store sales and earnings that beat forecasts. The home-improvement retailer is benefiting from a strong housing market, and it is investing to build out its delivery platform and expand its business serving professional home builders.

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CNBC
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Home Depot
8/14/2018

Target has named John Bauer as its new senior vice president of global inventory management, effective Aug. 20. Bauer has worked at TJX Cos. since 2012, most recently as logistics chief, and his resume also includes a previous eight-year stint at Target.

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Target, TJX Cos.
8/14/2018

Designer Rachel Zoe's first physical store will incorporate her past as a stylist, with staffers trained to help shoppers learn to create their own styles, Zoe said. Zoe will help train employees herself for the Los Angeles store, set to open next month.

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Glossy
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Rachel Zoe
8/14/2018

Nvidia has announced its new Turing GPU hardware, which can render ray tracing 25 times faster than previous options, thanks to the assistance of advanced AI features. The graphics card will use Samsung's GDDR6 memory, which will allow it to process data faster while conserving energy.

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Engadget, The Verge
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Nvidia, Samsung