Tractor Supply and its 1,900 stores serving rural areas of the US have grown in the age of e-commerce with products that aren't practical for online shopping, such as baby chickens. The retailer booked $7.3 billion in sales last year, a 56% increase over five years, and plans to open 500 more locations by 2028.
Interogo Holding has invested $190 million for a 0.6% stake in fashion retailer Hennes & Mauritz. The Swiss investment firm's parent, Interogo Foundation, was formed to "secure the independence and longevity of the Ikea concept."
Fashion-rental service Rent the Runway has teamed with shared-office-space firm WeWork to create new drop-off spots. The company has outfitted 15 WeWork locations in six cities with automated boxes where customers drop off returns after scanning them for immediate credit.
China's e-commerce sales surpassed $1 trillion in 2017, and Alibaba Group, Tencent Holdings and other tech leaders are innovating with the latest in retail technology to create new shopping experiences. The country is leading in development of technologies, including biometrics and facial recognition, Bloomberg Intelligence analyst Vey-Sern Ling said.
Fourpost is one of a growing number of startups helping direct-to-consumer brands add brick-and-mortar retail components. The company is creating its first Studio Shops at the Mall of America in Minneapolis and in Canada at the West Edmonton Mall in Alberta, which offer brands signage, fixtures, employees, shared event space and other physical amenities.
Retailer John Lewis has launched a new service that will let consumers shop after hours, provided they spend at least £10,000. The offer is in place at the newest John Lewis location in Cheltenham, England.
While retailers can't control the weather, they can leverage weather-related data to drive their bottom lines, according to a new report from IBM. The survey of 1,000 C-level executives representing 13 industries in 15 countries reported that the executives believed improved weather insights can reduce annual operating costs, with nearly a quarter saying the savings can be between 2% and 5%. Read more.
Dane Manufacturing more than tripled consolidated annual sales in three years by pursuing strategic mergers and acquisitions using specific criteria. The linchpin was Dane's June acquisition of Dantherm Cooling, a deal that required months of effort to secure financing.
Product-development teams must have access to enough funds to take risks and get creative, write Mike Gordon, Marek Kowski and Sander Smits. Traditional metrics are important to measure, they add, but so are customer loyalty and team morale.
Industrial internet of things-derived data is a powerful tool for identifying waste, downtime and other issues on packaging lines and other plant equipment, writes Danaher executive Arun Saksena. "IIoT solutions combine data collected from sensors and machines with data from shop-floor manufacturing execution systems (MES) and other sources such as ERP to provide a data foundation upon which numerous analytics-driven applications can be built," Saksena writes.
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