Initiatives including partnerships with Amazon and PopSugar are bringing more millennial shoppers into Kohl's, GlobalData Retail analyst Neil Saunders said. The retailer reported a 3.6% rise in first-quarter same-store sales, beating analysts' forecasts for a 2.7% increase.
The number of teens in the summer workforce has fallen significantly since 1978, while demand for seasonal labor has grown. Summer jobs making fudge and serving up french fries that were traditionally filled by high school and college students are now largely filled by workers from other countries under H-2B visas, but those visas are becoming more difficult to obtain under the Trump administration.
Apple partner Taiwan Semiconductor Manufacturing Co. has reportedly started manufacturing next-generation A12 chips for new iPhone models. The processor uses a 7-nanometer design to run faster and more efficiently than the iPhone 8 or iPhone X.
Canadian restaurant chain Tim Hortons will open the first of several planned Northern Ireland locations in Belfast on Friday. The company debuted in the UK last year with an opening in Glasgow and has since grown to 18 locations.
If members of the C-suite align their goals and teams with the company's vision, they reduce redundancy, saving time and improving profits, writes John Mattone. "When employees understand their individual and team goals and how they contribute to overall organizational success, they're more engaged with their work, and more productive," he writes.
UK-based retailer Tesco will shut down its unprofitable Tesco Direct website this summer and focus its e-commerce efforts on Tesco.com, the retailer said. The shutdown of Tesco Direct, which sells nonfood merchandise, will also mean closure of a UK distribution center.
Scan-and-pay systems offer numerous benefits to grocers, including the likelihood that basket sizes will increase as shoppers enjoy the convenience, Randy Hofbauer writes. The systems also might be a deterrent to theft as customers are identified when logging into the store's payment app, he writes.
New research from Mars Wrigley indicates that strategic placement of products in the checkout lane can boost impulse purchases significantly. "By having the right assortment and the right merchandising, you'll see a double-digit increase instantly," said Rimsha Baig, associate category manager.
Spending on in-store marketing efforts is shifting toward online ads and other store-affiliated areas, James Hercher writes. Walmart, Target and Kroger all have launched programmatic ad platforms that brands can use to reach consumers, Hercher writes.