Vera Bradley already has a strong shopper base among Gen Z and baby boomers, and the retailer is hoping its recent acquisition of jewelry brand Pura Vida will build its stock with millennials. "Pura Vida is a digitally native brand that will bring new skills and insights to our Vera Bradley team," CEO Rob Wallstrom said.
FedEx is dropping prices for some Express network customers and guaranteeing two-day shipping via air for the same price as its Ground service, sources said. The move comes as FedEx readies for the end of an air-shipping contract with Amazon and as it works to compete with United Parcel Service.
France-based Carrefour Group will sell an 80% stake in its Chinese operations to China-based Suning.com in a deal valued at $698 million. Alibaba Group Holding owns a 20% interest in Suning, and the deal is expected to increase Alibaba's role in China's grocery retail industry.
Trent Ltd, the retail division of India's Tata Group, will expand low-priced, mass-market fashion chain Zudio with hundreds of new stores annually. The company, which also expects to grow its fashion flagship Westside, has created a supply chain that can get new styles to stores in 12 days.
Waitrose, the UK supermarket chain whose name has become synonymous with upscale retailing, has joined with global software firm PCMS to develop and implement a highly successful mobile self-scanning system across its 340 stores. "The speed and ease of checkout is one of the strongest performers in customer satisfaction," said Matt Clifton, head of retail change and development for Waitrose. Read more from NRF's STORES magazine.
The market for refurbished products is growing as customers look for sustainable, quality options, writes Jeff Rechtzigel of Liquidity Services. Manufacturers and retailers should turn to returns management solution companies for help with this market, he writes.
The North Carolina Senate passed a bill that dropped language removing a prohibition on disposal of computers and televisions in landfills. The state House of Representatives is considering the legislation.
Retailers can use artificial intelligence, machine learning and software as a service products to make managing returns easier and faster. Retailers should realize returns are a key concern for customers, and thus are important to the business.
Camps offered by the Summer Manufacturing Institute seek to teach girls about STEM subjects related to careers in manufacturing. In Ohio, the institute teamed up with a local YWCA chapter and OH WOW! The Roger and Gloria Jones Children's Center for Science and Technology to offer camps with a transportation theme.
GE Healthcare Service Shop's website now has more product inventory and improved search to make hospital supply ordering more "Amazon-like," says Tim Erickson of GE Healthcare. The site will also offer more than GE products, including Siemens, Philips and Toshiba health care products.
- Page 1