Industry News
Multichannel Retail
Top stories summarized by our editors
1/15/2021

The French government has raised opposition to a proposed acquisition of France-based supermarket chain Carrefour by Canadian convenience store operator Alimentation Couche-Tard. The pandemic has highlighted the need for domestic control of the food supply, Finance Minister Bruno Le Maire said.

1/15/2021

Marks & Spencer is finalising a deal to acquire fashion brand Jaeger Retail Limited as part of an ongoing effort by the UK retailer to refresh its apparel offerings. The label, which was founded in 1884 by Gustav Jaeger, expects its upscale fashions to appeal to older shoppers, who are M&S's core demographic.

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Reuters, Bloomberg
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Spencer
1/15/2021

The threat of fraud exists for every small-business owner, but there are ways to guard your company against scammers, writes Chris Porteous. Start by gaining an understanding of the tactics that will be used against your company and ensuring staff members are educated about the threat.

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Entrepreneur
1/15/2021

Kammie Osborn, who became the owner of Jan's Rock Shop in San Juan Bautista, Calif., thee years ago, carries a wide variety of stones, minerals, carvings, jewelry and fossils. The business was a destination for school trips prior to the pandemic, and Osborn says she still does her "best to provide a service for the children who come in."

1/15/2021

The Federal Reserve reported a 1.6% rise in industrial production for December, while manufacturing increased for the eight consecutive month with a gain of 0.9%. Industry operating capacity in December remained below pre-pandemic levels.

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The Associated Press
1/15/2021

Robotic blacksmithing could portend a future in which machines squeeze and bend metal in automated processes that benefit industries such as automotive and aircraft, as well as when companies need speedy production of large parts, says Glenn Daehn, professor of metallurgical engineering at Ohio State University. ""We envision a future that moves from closed die forging to robotically controlled open die forging that uses simple tools incrementally," Daehn says.

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SME
1/14/2021

Sustainable luxury e-commerce platform Fashionkind has appointed actress and activist Sophia Bush to the advisory board. Bush is an investor of the company, which launched in 2018 with a focus on upscale fashions and accessories that emphasise empowering women and using sustainable products.

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Sophia Bush
1/14/2021

Retailers reacted to a year of pandemic-related upheaval and political turmoil with agility, and they were quick to adapt through store closures, changing safety requirements and sometimes-tense customer interactions, NRF Chairman Mike George said in a keynote at NRF 2021: Retail's Big Show -- Chapter 1. George cited examples of retailers that adapted, including Sam's Club's development of an app to aid contactless shopping, Lowe's acceleration of its curbside pickup program and Target's launch of online reservations.

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Sam, Target
1/14/2021

Omnichannel efforts proved vital as retailers had to find new ways to serve customers during the pandemic, and Nordstrom's digital expertise sent it to the top of a new ranking in CI&T's Connected Retail Report that was presented at Retail's Big Show. Target, Home Depot, Staples and Walmart rounded out the ranking's top five.

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Retail TouchPoints
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Walmart, Staples
1/14/2021

Retailers are taking an increasingly hyperlocal approach as e-commerce demand surges in the pandemic and pressure to lower supply chain costs continues, Capgemini consultants said during a panel at Retail's Big Show. Retailers' toolkits include sourcing local products and using stores to fulfill digital orders, lead consultant Lindsey Mazza said.

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Luxury Daily