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4/17/2019

Best Buy plans to consider candidates both inside and outside of the company as it looks to fill the chief financial officer position that will be vacant when Corie Barry moves up to CEO in June. Recruiters say the retailer will likely look to candidates with omnichannel and transition experience, tech expertise and a comfort level with change.

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Best Buy, Corie Barry
4/17/2019

Neiman Marcus Group has acquired an equity stake in luxury resale site Fashionphile, marking the latest sign that the reseller market is on the rise. H&M launched a resale effort in Sweden this week, and US-based Fashionphile rival The RealReal is reportedly preparing to go public.

4/17/2019

Sony's next-generation PlayStation system will include a new AMD chip, including a custom unit that can deliver 3D audio, and a custom graphics processing unit that will support much-improved graphic performance. The new system is not expected to be released in 2019.

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Sony
4/17/2019

Publix has appointed clinical law professor Jennifer Jenkins to its board of directors. Three members of the board are retiring this year, and the retailer plans to shrink the number of directors accordingly from 10 to eight.

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Publix, Jennifer Jenkins
4/17/2019

Apollo Global Management plans to buy Smart & Final Stores for close to $1.1 billion, after initially selling the grocery retailer to Ares Management in 2012. Smart & Final operates 324 stores across eight states.

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Reuters
4/17/2019

Walmart is still committed to growing in India, nearly a year after acquiring e-commerce platform Flipkart for $16 billion, CEO Doug McMillon said during a trip to the country. In a meeting with employees, McMillon reportedly congratulated Flipkart for adding more than a million new customers.

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Walmart, Doug McMillon, Flipkart
4/17/2019

Independent merchants selling on Amazon make up 58% of all sales on the site, but Amazon is getting a larger slice of the pie. The e-tailer's merchants not only have to pay the company up to 40% for each sale but must also compete against Amazon's own branded products.

4/17/2019

L'Oreal has released a smartphone Effaclar Spotscan tool, which enables consumers to use their phone's camera to scan their faces and receive personalized advice from the brand on which products will most help with their skincare problems. The new feature is the latest in the brand's efforts to enhance customer experience using artificial intelligence and augmented reality.

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L'Oreal
4/17/2019

Walmart's new partnership with subscription service Kidbox is the latest move by a mass retailer to revamp the way they promote and sell kids' clothing, a category that's especially price-sensitive because parents have to make new purchases as children grow. Target and Amazon have also refreshed their children's apparel offerings with exclusive and private-label lines.

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Kidbox
4/17/2019

Unilever will begin using 100% recycled plastic in its Hellmann's mayonnaise bottles and jars sold in US retail locations. The company will first incorporate the recycled material into its squeeze bottles, but expects to use it for jars by the end of the year.

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Hellmann, Unilever