Former Target executives Anne Mezzenga and Chris Walton teamed with point-of-sale tech firm Xenia Retail to create Third Haus, an 8,000-square-foot Minneapolis co-working space with a focus on retail. The facility features a studio where the founders record weekly retail-related podcasts and space where retailers, brands and tech startups can collaborate on innovation.
Brands are adapting to Gen Z consumers by turning their focus to milder anti-acne solutions and skin care products for a group that puts more focus on skin health than cosmetics, according to Clare Varga of consulting firm WGSN. New entries to the category include Florence by Mills and unisex brand Evenprime.
Nearly half of UK households have more than one unused electronic device lying around, with about 40 million dormant across the country, according to a Royal Society of Chemistry survey. Residents said they held on to their old devices to have spares on hand and because they were concerned about data security or didn't know where to recycle them.
The General Services Administration is eliminating a contract category for refurbished and used IT equipment bought by federal agencies, citing concerns about fraud and the quality of the supply chain. "You can't guarantee the provenance of refurbished products," said Lawrence Hale of GSA's Federal Acquisition Service.
Startup Ovie has created a system that curbs food waste by connecting voice assistants, an app and light-up tags to alert people when food in their refrigerator should be used up. "Making a meaningful connection with homes is the way that we will see food waste reduced at the household level," says Ovie co-founder Stacie Thompson.
Happy Returns will start using reusable containers made from recycled plastic, rather than cardboard boxes, to mail customers' returned items to fulfillment centers. The company expects to have 10,000 containers in use soon.
Levi Strauss will set site-specific limits on water usage in coordination with its suppliers. The company wants a 50% reduction in water usage in "high-stress" regions by 2025.
Toy manufacturer Hasbro will stop using plastic in its product packaging by 2022, a move the company says reflects its culture and desire to "leave the world a better place." "Doing good to do well is really who we are, and everyone we hire has that mindset," says executive Kathrin Belliveau.
Hiring more women would help address the shortage of manufacturing workers, but companies shouldn't stop there, say women who work in the field. "I think we're making the right steps, we just need to take it a step further, really pushing for women to be in management as well," says Chalice Walther, a manager at KCF Technologies.
Some 70% of consumers trust influencers more than friends and 77% have purchased an item because of an influencer's recommendation, Sideqik reports. Additionally, 84% of consumers say that they follow particular influencers because they are authentic while an even higher percentage are likely to unfollow influencers who fake authenticity.