Industry News
Specialty Retail
Top stories summarized by our editors
7/13/2020

Tech expert Ori Mor explores how integrating wireless power into newer homes is advantageous to both homebuilders and buyers by offering long-range charging capabilities, as well as by bringing power to areas in homes where wires are otherwise impractical. Builders can highlight the efficiency of these smart homes as a selling point, while buyers can customize their home setups and direct wireless power to personal tech, such as mobile phones and gaming devices.

Full Story:
Forbes
7/13/2020

Libbey is in talks with union members about possibly closing its glassware manufacturing facility in Shreveport, La. The company says falling glassware sales as well as the economic shutdown have created less demand.

Full Story:
HFN
7/13/2020

Touting the only solid 3-millimeter-thick aluminum housing, Jura has launched an ENA 8 Massive Aluminum Signature Line. The one-cup brewer can produce 10 different coffees and has smartphone connectivity.

Full Story:
HomeWorld Business
7/13/2020

Manufacturers can become more agile rethinking processes and adopting the right software to streamline new solutions, say 3D Systems' Phil Schultz and Radhika Krishnan. Additive manufacturing is an important component of agility, especially as part of viewing the shop floor "as a complete end-to-end workflow that includes both additive and subtractive technologies," says Krishnan.

Full Story:
Machine Design
7/13/2020

During the first half of 2020, Chewy's shares rose over 54%, according to S&P Global Market Intelligence, due to pet owners' continued need for pet supplies while stores were shut down. Investors are betting the online pet food company's new customers are here to stay as coronavirus doesn't appear to be going away and Chewy is opening new fulfillment centers.

Full Story:
The Motley Fool
7/13/2020

UK-based Project Blu is an eco-friendly pet product brand that turns ocean-bound plastic, recycled clothing and recycled leather into beds, collars and leads, with a goal of offering a full range of sustainable pet products that can compete in price, placement and style on a global scale. "Project Blu was born from a desire to drive positive change within the pet industry and tackle these harmful issues. It is our mission to prove that brands can be sustainable, stylish and profitable," said founder Geryn Evans.

Full Story:
Forbes
7/13/2020

Dogs may become exceedingly reliant during the coronavirus pandemic, so owners should start preparing pets for workdays once offices reopen, writes Arianne Cohen. To start readjusting your dog, begin spending an hour in different rooms at least twice a day, buy some toys to keep them busy and start reacquainting them to loud sounds like traffic.

7/13/2020

Technology and research and development projects are being prioritized by some manufacturers even as Morgan Stanley data suggests the sector overall plans to reduces large-project expenditures. EY data suggests that companies prioritizing capital expenditures during the 2008-12 period generated higher returns, on average, in the 10 years ending 2018.

7/13/2020

Electric truck company Rivian has raised $2.5 billion in its latest round of financing as it looks to go to market in 2021. Founder Robert "R.J." Scaringe says the company is focused on products rather than going public.

Full Story:
CNBC
More Summaries:
Rivian, Rivian
7/13/2020

Keeping an eye on supplier operations and staying flexible enough to seek "a cooperative solution" are among the ways to head off force majeure declarations during the pandemic, writes attorney Tim McCarthy. "In particular, consider whether to agree to submit any force majeure disputes to expedited arbitration, which avoids the backlogged courts, maintains confidentiality and can save time and costs," he writes.

Full Story:
IndustryWeek
More Summaries:
Tim McCarthy