David's Bridal has negotiated a restructuring deal with lenders that will cut upward of $400 million in debt through a bankruptcy filing, the retailer said Thursday. Lenders will provide about $40 million in financing, and more than 300 David's Bridal stores will operate as usual during the restructuring, the company said.
Xbox is making strides in adding keyword and mouse support to its family of products through its Xbox Insider Program. Keyboard and mouse support could enable ports of PC games and make the Xbox One more appealing to PC gamers.
The Sam's Club Now location in the Dallas-Fort Worth market, one-fourth the size of the usual club retail site, has embraced virtual reality and other technology to make the shopping experience more seamless. In fact, scan-and-go shopping that skips checkout is the only way to buy in the test store.
Smaller families and a preference for more natural care of livestock have prompted millennials to choose smaller turkeys over the iconic huge centerpiece bird for Thanksgiving. Another benefit they see in smaller turkeys is fewer leftovers.
Walmart raised its full-year forecast after beating third-quarter growth estimates, and now expects the year's same-store sales to grow at least 3% in the US, the company said. "We feel good about our competitive position heading into the holiday season," Chief Financial Officer Brett Biggs said.
Nike's new six-story, 68,000-square-foot, tech-driven New York City flagship caters to consumers' cravings for both convenience and experience. The store includes a "Speed Shop" that allows shoppers to reserve items online and retrieve them from lockers in the store, an entire floor for sneakers, and mannequins outfitted with QR codes that app users can scan to learn about products and have merchandise delivered to a dressing room.
Kraft Heinz is bringing Jell-O slime to store shelves next month in Unicorn Slime strawberry and Monster Slime lime varieties. "While do-it-yourself edible slime recipes are popular on Pinterest and YouTube, until today, there hasn't been an edible slime available from a national brand," the company said.
Fragrance and beauty product sales in Germany rose 3.4% last year to $18.64 billion, making the country the biggest beauty market in Western Europe, according to Euromonitor International. Sephora recently opened a flagship in Frankfurt, and online retailer Zalando expanded into beauty with the launch of more than 150 brands.
Canada Goose Holdings will use the expertise and technology developed by Baffin, the outdoor footwear firm it acquired for $32.5 million, to develop its own branded footwear division, CEO Dani Reiss said. Canada Goose and Baffin will remain separate brands with their own distribution channels and target customers, he said.
About 47.3 million American adults have access to Amazon's Alexa and other voice assistants, according to a Voicebot.ai survey. As the technology and consumers' use of it grows more sophisticated, brands and retailers are using the data collected to add value with personal recommendations and expand sales into new categories.
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