Walmart's size means that when the company raises hourly wages and improves benefits, it is essentially raising working conditions for entire areas and pushing other businesses to do the same, writes Oliver Staley. The wage increases have alarmed investors and come against a larger competitive war Walmart is fighting to maintain in-store sales while growing online.
Stop & Shop, Food Lion and Hannaford parent Ahold Delhaize will team with IRI to collect point-of-sale, supply chain and frequent shopper program data through IRI's Liquid Data platform. Through the deal, Ahold Delhaize will enhance its consumer insights and improve marketing and shopper targeting efforts.
Food retail veteran Jim Perkins has been put in charge of Albertsons' 125 Safeway stores in the banner's Eastern division, following Dan Valenzuela, who held the president position for a little more than a year, the company said. Perkins is the third executive in three years to oversee Safeway's stores in Virginia, D.C., Maryland, Delaware and Pennsylvania.
The Fresh Market's recent investments in prices haven't led to an increase in store traffic, and the retailer is expected to see same-store sales fall through the end of the year, according to an analysis by Moody's Investors Service. The Fresh Market faces steep competition following the Amazon-Whole Foods merger, and the retailer will take time to evaluate how shoppers respond to 46 store remodels before continuing with the effort, the analysis found.
Walgreens, based in Deerfield, Ill., will add about 20,000 square feet of space to its technology offices in Chicago, with plans to double its tech workforce to 600. The office opened seven years ago to house the pharmacy chain's e-commerce, social and mobile tech teams.
Target will open about 12 small-format urban stores this week in high-profile cities including Chicago, New York City, Philadelphia and Los Angeles. A store slated to open in the Uptown neighborhood of Minneapolis will offer goods and amenities aimed at young professionals, including organic groceries, workout wear and a Starbucks.
Universal Electronics is setting up a service where customers can call to get support on smart home devices. The company made the move as it reports that its acquisition of Ecolink Intelligent Technology devices has led to a 30% increase in calls to its technical support center.
A new vulnerability called the Key Reinstallation Attack, also known as KRACK, targets devices that use WPA2 encryption, an encryption used by most Wi-Fi devices. Smart home gadgets could be particularly vulnerable due to less frequent updates, Alfred Ng writes.
The newly released mobile Samsung Connect Tag enables consumers to attach it to a person, animal or object and track it using narrowband internet of things to connect devices. With an embedded SIM, the tag works inside or outside with GPS, WPS and Cell ID and can be integrated with other Samsung products for remote control.
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