Swiss luxury conglomerate Compagnie Financiere Richemont has made a $3.4 billion bid to buy the 75% of upscale fashion e-commerce firm Yoox Net-a-Porter that it doesn't already own. The move by Richemont, parent of brands including Montblanc and Cartier, comes as wealthy consumers grow increasingly comfortable buying big-ticket luxury goods online.
Supermarket chains ASDA and ALDI will stop selling highly-caffeinated energy drinks to children under 16 in the UK beginning in early March. The retailers cited rising concerns about the impact of the beverages on young people.
Fashion portal LimeRoad will soon launch brick-and-mortar shops in India that will be owned and run by its sellers under franchise agreements, the company said. LimeRoad expects to open up to 3,000 franchise stores in the next few years.
Canada's manufacturing sales rose 3.4% to a record high of $55.5 billion in November, according to Statistics Canada. Sales increased in 12 of 21 categories and in nine of Canada's 10 provinces.
Eric Kinariwala realized that pharmacies are at the intersection of two changes in consumer behavior. He founded Capsule to build a friendly pharmacy system that makes life easier for consumers, doctors, hospitals, insurers and pharmaceutical companies. Kinariwala spoke with STORES Magazine prior to his appearance at NRF 2018: Retail's Big Show. Read the interview.
Applying lean principles without understanding what creates value for the customer results in wasted effort, Jamie Flinchbaugh writes. Defining value improves focus and leads to more accurate investment decisions, he writes.
Upgrades are less expensive than modernization, but they aren't always the right choice in industrial settings, Carlos Gonzalez writes. Modernization might be justified when such factors as long-term goals and the ability to serve customers are considered.
Autonomous guided vehicles and similar machines come in many forms and lack standardization, making task-based risk assessments an important component, Josh Bond writes. "A natural outcome of AGVs becoming a bigger part of our workforce is building awareness for the people working around it," says Jeff Leuwerke of Banner Engineering.
Smaller manufacturers can't forget about cyberliability coverage because they possess sensitive internal and customer data, writes Ross Moore of Pennsylvania Lumbermens Mutual Insurance. Teach employees the signs of phishing and other hacker strategies and consider hiring an IT security adviser, he recommends.