Online sales at Adidas rose 57% to $1.9 billion last year as the company used a two-pronged approach to reaching online shoe shoppers. The company sells its lower-priced products on Amazon and other marketplaces, while using its own branded mobile apps to sell higher-priced merchandise.
Martha Stewart built her globally recognized lifestyle brand after successful stints as a model and a stockbroker, and she credits her natural optimism for her ability to change and succeed in new ventures. "Her expertise has earned a level of trust with consumers that transcends category," QVC Group Merchandising Chief Doug Howe said.
The Security and Exchange Commission's new rule requiring companies to disclose the ratio of CEO compensation to median employee pay will give a skewed picture of the retail industry, NRF President and CEO Matthew Shay writes. Retailers employ a large number of part-time employees, many of whom are gaining their first work experiences, and the high rate of part-time and entry-level salaries will inflate the industry's ratio by an estimated 31%, he writes.
NRF hosted a meeting with a slew of business trade groups this week to explore ideas for reversing the Trump administration's proposal to impose tariffs on a wide range of goods from China. "The prospect of higher tariffs is extremely concerning to businesses, and higher prices for consumer goods are the same as a tax increase on American families," NRF's David French said.
Southeastern Grocers will restructure its debt and close 94 under-performing stores. The company says the debt savings of $500 million will let it continue to operate nearly 600 stores.
Snack brand Kind is introducing Kind Kids, a range of chewy granola bars aimed specifically at children. The company is also rolling out Kind Protein bars, Dark Chocolate Pressed bars and several new flavors for its established product lines.
In its Android Security Report for 2017, Google reports on the strides it has made in eliminating security issues with Android. Google writes that Android's security "made a significant leap forward in 2017 and many of our protections now lead the industry."
Microsoft's Xbox business is reportedly launching a unit that will allow game-makers to run internet-based products in the cloud. Longtime employee Kareem Choudhry will head the new gaming cloud unit.
The Amazon Echo and Google Home are each the digital assistant-based devices of choice for 44% of US adults, while 12% choose the Apple HomePod, per a study from SmarterHQ. The study also found that about 53% of US adults have more than three connected devices.