Target will open a small-format store in South Burlington, Vt., this week, marking the retailer's first store in the state and giving it a presence in all 50 states. Target will also open seven other small-format stores this week, giving the company 83 stores with its smaller footprint.
Called the "Amazon of its day" by a former executive turned Columbia University professor, Sears has a long history in the US, starting in 1886 and creating its first mail-order catalog in 1888. "What Sears did was make big-city merchandise available to people in small towns," author Marc Levinson said.
Target will raise its game in the toy department in time for the holiday season, looking to gain market share in the category following the closure of Toys R Us stores. Target will add 250,000 square feet of toy selling space at more than 500 stores, expand its toy offerings with 2,500 new and exclusive products, add shopping features such as interactive walls and hold 25,000 "hours of joy" events in stores.
Family-owned Italian coffee brands Lavazza and Illy are taking steps to grow amid rising competition from Nestle and Starbucks. JAB Holding will start selling Illy pods for Nespresso coffee makers and Lavazza has bought Mars' coffee division in a deal valued at $650 million.
Best Buy, Nike and Sephora have partnered with Google through Google Shopping Actions, which reaches shoppers across Google Search, Google Assistant and Google Express and lets them browse and buy in a universal cart.
Walmart will team with Advance Auto Parts to launch sales of specialty auto parts online next year. The deal will include delivery, same-day pickup at both retailers' stores and installation services at Advance Auto Parts locations, and adds to Walmart's auto offerings, such as tires and battery services, that are available online and at 2,500 Walmart Auto Care Centers.
Amazon added a new e-commerce store for products sold by companies that have appeared on the television show "Shark Tank." The store includes more than 70 products that earned investments through the show, and the e-commerce giant will add to the store as future episodes air.
Global luxury conglomerate LVMH launched its "Les Journees Particulieres," or "open days," initiative in the US over the weekend through the Sephora and Benefit Cosmetics brands. The initiative gives shoppers intimate, behind-the-scenes looks at LVMH brands through events and access to brand ambassadors and special products.
Expansion in China is one of Starbucks' "three strategic priorities," said Kevin Johnson, CEO and president of Starbucks. Consumers' use of the chain's mobile app and other digital payment platforms account for more than 60% of its sales in China.
With a background that includes innovations like the interactive mirrors found at US retailers such as Rebecca Minkoff and Ralph Lauren, ZIVELO CEO Healey Cypher is helping create the behind-the-scenes tech that brings the best of the online world into physical retail. On this episode of NRF's "Retail Gets Real" podcast, Cypher discusses what retail in the future will look like and how ZIVELO is working with retailers today. Listen here.
- Page 1