Midmarket manufacturers should create enterprise resource planning strategies to fully benefit from the internet of things, writes David Gustovich of Oracle NetSuite. Gustovich recommends a four-step strategy-development timeline beginning with learning from floor-level, experienced employees.
About 57% of Costco members are also Amazon Prime members, compared to 13% five years ago, according to a survey from MoffettNathanson. "Americans appear to be buying into the concept of owning two 'shopping' memberships as the value proposition is fundamentally different," the firm wrote in a research note.
Hurricane repairs, rising home values and millennials' big moves into home ownership gave Home Depot's same-store sales a 7.5% boost in the fourth quarter, topping analysts' estimates for 6.5% growth. The retailer has invested in customer service and tech improvements to drive higher sales at existing stores.
Google followed through on promises to combine Android Pay and Google Wallet by releasing Google Pay in the Google Play store yesterday. Peer-to-peer payments are not available on this platform yet, but the company expects to offer this feature in the next few months.
Consumers are likely to accelerate their adoption of online grocery shopping in the wake of recent mergers and acquisitions, a Nielsen report projects. Up to 70% or 80% of shoppers will be venturing online for at least part of their groceries within five to seven years, according to Nielsen's Laurie Rains.
A growing number of beauty brands are creating new products that are designed to withstand vigorous workout sessions. Clinique, Birchbox, E.l.f. Beauty and startups including Sweat Cosmetics and Pretty Athletic are growing along with the "active beauty" trend.
Wipro has released an integrated home-automation system dubbed Wipro Z Nxt. The system allows users to control lights, geysers and air conditioners without the need to replace existing switches or wiring in the home.
Multi-brand e-commerce marketplaces Spring and The Modalist are among a small but growing group of marketplaces and retailers launching cash-back loyalty programs. The programs reward customers for making purchases across brands and products, and offering cash back makes more financial sense than deep discounting, said Lindsay Sakraida of DealNews.
A patch released for the Nintendo Switch has improved "Doom" gameplay by providing better audio along with motion controls. The patch also improved resolution in certain areas of the game while repairing some bugs and offering CPU optimization.
Private labels are becoming more important to shoppers, with 53% saying they would pick a store for its private label items, according to a report from Daymon. Successful private labels also encourage innovation and price competition from national brands as consumers have come to trust store brands, the report states.