Major tech brands such as Apple, Google and Facebook have rolled out initiatives to help consumers cut back on the time they spend online as part of a digital well-being program. An example of this comes from Apple, which aimed to limit screen time with a "Do Not Disturb" function in iOS 12, its new operating system.
Kroger's deal to sell its Simple Truth products via Chinese online retailer Alibaba highlights the company's commitment to finding international partners to work with, Randy Hofbauer writes. This outreach for partnerships is helping Kroger find new markets that can offer sustainable growth, even where it doesn't have physical stores, he writes.
Google is planning its first retail flagship in a 14,000-square-foot, two-story space in Chicago's meatpacking district, sources said. Google has thus far relied on pop-ups and in-store shops to display its growing array of gadgets including Google Home, smartphones and tablets.
J.C. Penney will cut $250 million or more from its inventory, redouble its focus on winning back core customers and expand in categories including toys and baby products to reverse sliding sales. Net sales dipped 7.5% in the second quarter, while same-store sales rose 0.3%.
Nordstrom has made substantial investments in technology in recent years, and the spending is paying off in an increase in digital and overall sales. The upscale department store retailer now does more than one-third of its total sales via digital channels, and digital sales were up 23% in the second quarter.
Just 15% of consumers believe brands are "very transparent" on social, 53% would be more likely to purchase from brands that are more transparent on social, and 85% would remain loyal to a transparent brand during a crisis, Sprout Social reports. Additionally, 86% of respondents said a lack of transparency could drive them to buy from a competitor, and 70% of millennials want brand CEOs to have a social presence.
The number of US broadband households that tune in to streaming TV services has risen by 58% in the past year, per comScore data, to hit 5% of the total market, or 4.9 million viewers.
Big-box retailer Meijer is preparing to open the first location of its Bridge Street Market concept later this month in Grand Rapids, Mich. The 37,000-square-foot prototype store is focused on fresh and prepared foods, emphasizing local brands and deli and bakery items while also carrying Meijer brands.
Department store Debenhams plans to trim about 90 jobs as part of a plan to streamline its home and fashion divisions, the retailer said. Earlier this year, the retailer cut 320 store management positions in a cost-cutting move.
Walmart expanded its click-and-collect programme for shoppers to 21 Canadian stores in the second quarter, a move that helped boost the retailer's market share in the country. Same-store sales in Canada rose 2.6%, and market share rose 0.6% in several categories including health and food, the company reported.
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