Nintendo's Labo creator, Tsubasa Sakaguchi, said in an interview that the innovative part of Labo VR is the inputs, not the screens. "We thought combining it with a unique controller would make a product that is like none other ... creating an input, as well as physical feedback, the elasticity of the rubber band or the wind that you feel," Sakaguchi said.
Ninety-three percent of Amazon Prime subscribers renew after one year, Consumer Intelligence Research Partners reports. Its research also found that trial members who converted to paid memberships dropped from a peak of 75% to 64% in March.
ShopRite is on a journey to expand its private brand offerings during the next several years, and plans to bring SKUs up to 4,200 from the current 3,200. The company plans to hire chefs and build an innovation center to help improve its offerings and focus on premium items.
Retailers are committing to sustainability efforts, with Walmart selling new reusable bags at checkout and ALDI switching over to more sustainable packaging. Albertsons has expanded its Open Nature eco-friendly brand and Hy-Vee is testing a food waste reduction app called Flashfood.
Giant Eagle Pharmacy has signed on for a precision medicine research program called All of Us in Pennsylvania. The program aims to improve individualized care and prevention as well as develop a database to aid researchers working on medical breakthroughs.
Sharing Supplemental Nutrition Assistance Program sales information would harm food retailers by leading to unfair competition, writes FMI CEO Leslie Sarasin. "Revealing store-level SNAP sales data will not illuminate the government's activities; it simply opens grocers to unfair competitive harm," Sarasin writes.
Dealing with serial returners is a tricky business for retailers and can drive customers to other outlets, writes Sahar Nazir. "However, given the cost of receiving and processing returns to a retailer, profit margins can be severely eroded due to the level of online returns," says consultant Stuart Higgins of BearingPoint.
Electronic Recyclers International and other electronic-waste companies are taking precautions to protect data when recycling devices, including educating customers on how to properly dispose of electronics. Technology can help companies track materials, keep abreast of state-specific laws and offer better service.
Research firm Cowen has valued the sneaker-resale market at more than $2 billion in annual revenue and predicted a market size of over $6 billion by 2025.