Centric Brands has expanded a licensing deal with Coach to design, produce and distribute Coach's costume jewelry via multiple wholesale and retail channels, and Centric has also built a bigger licensing partnership with Izod that will include golf apparel and men's sportswear. Centric licenses and produces goods for more than 100 brands, including Under Armour, Michael Kors, Jessica Simpson and Calvin Klein.
Japan-based fashion retailer Uniqlo opened its first US store 15 years ago, and, to mark the milestone, it will revamp its store in New York City's SoHo neighborhood to reflect the brand's changes in that time. Social media and digital tech innovation have shaped the retailer's strategy, influencing its approach to online and in-store operations, Uniqlo USA's CEO Daisuke Tsukagoshi notes.
RH, the retailer formerly known as Restoration Hardware, is planning to roll out the RH Antiques & Artifacts concept, which will feature a curated collection of one-of-a-kind pieces. RH Antiques & Artifacts will compete with 1stDibs, a global antiques marketplace, which boasts more than 4,200 sellers that collectively offer around $11 billion in art and antiques.
Macy's, Neighborhood Goods and Vera Bradley are among the retailers and brands planning to participate in Coresight Research's 10.10 Shopping Festival, a shoppable livestream event that will run between 10 a.m. and 10 p.m. Eastern time on Oct. 10. Livestream shopping has soared in popularity in China and US activity is on track to grow more than threefold by 2023, Coresight CEO Deborah Weinswig noted.
Google is reportedly continuing to explore the foldable market via a second Pixel smartphone, codenamed Jumbojack, in addition to its Passport device. There has been no formal announcement about the device, which could sport internal and external screens and "hamburger-style" folding, sources say.
South Africa's economic recovery depends on ramping up the distribution of the COVID-19 vaccine in the country, said Leon Lourens, CEO of apparel retailer Pepkor Holdings. "If we can open 300 stores a year, we're talking about 3,000 jobs a year that we create. But that we can only do in a growing economy," Lourens said.
Uniqlo has given a makeover to its 10-year-old, 12-story flagship in Japan's Ginza district, adding new features such as the fashion retailer's first Uniqlo Coffee cafe. Uniqlo Ginza also offers tailoring services in the suit salon, a flower shop and photo booth.
Retail lumber prices in North America surged during the pandemic as consumers spent on DIY projects and home improvements, hitting a high in May before falling precipitously back to pre-pandemic prices, Canadian lumber retailers report. "People who waited, if they could, to do their projects are going to be in a much better position," Peacock Lumber owner Glen Peacock said.
Aircraft-engine maker Pratt & Whitney's digital transformation was incremental and required agility, with low-code solutions such as WEBCON helping the company become more quick and efficient, says Jocelyn Brule of Pratt & Whitney. "With the deep toolbox provided by the framework, we are able to achieve a lot more of those complex requirements without any coding," Brule says.
Brooks Automation has agreed to sell its semiconductor automation unit to private equity group Thomas H. Lee Partners for $3 billion instead of spinning out the business. The unit provides manufacturers with automated solutions.
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