Retailers have kicked off holiday hiring early and beefed up perks to find enough seasonal employees in a tight labor market. J.C. Penney will give part-time staffers a week of paid time off, Target boosted starting hourly pay to $12 this week and Macy's has begun paying incentive bonuses.
Paul Grangaard, the former CEO of upscale shoe brand Allen Edmonds, has created an online retailer of high-end menswear. The brand, CircleRock, offers made-to-order shirts, custom suits, sweaters and leather accessories.
Camping World Holdings expects its acquisition of Gander Mountain to boost the value of the Good Sam Club, a loyalty program that offers discounts, RV warranties and roadside service, CEO Marcus Lemonis said. The retailer is focusing on millennials who want smaller, lighter motor homes, he said.
Faber-Castell Cosmetics, based in Germany, is investing $9 million to build a makeup factory in Elgin, Ill., near Chicago. The facility is set to start making private-label beauty pencils in late October, which will be sold at various retailers starting next year.
Four Walmart executives will take posts next month at Flipkart, the Indian e-commerce company acquired by the US-based retailer in August. The four will lead a variety of departments, including finance and legal, Flipkart Group CEO Binny Bansal said.
Germany-based Metro will look for a buyer for its Real chain of hypermarkets, which could sell for about $1.2 billion, according to some analysts. Analyst Bruno Monteyne of Bernstein speculates that Amazon could be a prospective buyer, especially since Germany is its second-largest market.
NRF's Shop.org conference in Las Vegas wrapped up last week with a keynote interview with retail entrepreneur and tennis champion Serena Williams. Throughout the course of the three-day event, retailers and attendees took to social media to share their favorite moments and insights, including sessions with NPR podcast host Guy Raz and Google. Here are some highlights.
Sixty percent of business-to-business buyers look at two or three e-commerce sites before purchasing a product online, according to a B2BecNews survey. Pricing, a positive user experience and product availability are important for buyers.
Distributed control systems and programmable logic controller systems require routine maintenance and updates, writes Bill Pollock, president and CEO of Optimation Technology. Such investments may prove costly in the short term, but equipment will last longer and deliver greater cost savings over time, he argues.
Companies across multiple industries are using augmented reality to enhance industrial internet of things technologies, such as predictive service and predictive maintenance, says a PTC report. "This report signals that industrial enterprise believes in the value of AR and [is] moving quickly to realize the competitive advantage it creates," executive Mike Campbell says.
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