Fashion retailers including Express, Ann Taylor and New York & Co. have created clothing rental services to cater to women's changing fashion needs. Early data show the efforts are working to bring in new customers and keep existing shoppers loyal, said Christine Hunsicker, CEO of subscription service platform CaaStle.
Amazon announced Tuesday that it will split its planned second headquarters between Long Island City, N.Y., and the Crystal City area of Arlington, Va. The selection of the sites, which will create a total of about 50,000 new jobs and bring $5 billion in new investment, comes after a search that took more than a year and began with 238 competing cities.
Sony may be developing a PlayStation controller with a touch screen, based on a patent application filed in 2017. The present controller has a touch-enabled center button for menu navigation, and the screen might replace that button and offer a better interface for console information.
Albertsons is investing in sustainability including the purchase of 10 semi-trucks from Tesla, according to the company's report on green initiatives. "We're excited to pilot this expansion of our transportation program with trucks that help us limit our overall carbon footprint," said Tom Nartker, vice president of transportation for Albertsons.
Kellogg is considering a sale of its fruit-snack and cookie units, which include such brands as Keebler, Famous Amos and Stretch Island, as the firm works to focus more on core brands. The company also announced it would be reorganizing its operational structure in January to spur growth and innovation.
PepsiCo has named 10 startups to join the first iteration of its Nutrition Greenhouse North America program. Hapi Drinks, Remedy Organics and Bohana are among the businesses joining the six-month mentorship platform, and each will gain $20,000 in funding -- with one startup winning another $100,000 at the end of the period.
Pinterest and its major retail advertisers are introducing "snow globes" for the holiday shopping season. With the new ad product, retailers can build interactive catalogs that take visitors to customized recommendations based on their past browsing.
Macy's is testing a smaller format at four stores by closing off sections to save money on inventory and staffing, with an eye on expanding the format to more underperforming locations. The "neighborhood stores" will be about one-fifth smaller and feature more self-service options and space to pick up and return online orders, CEO Jeff Gennette said.
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