The North American gym scene is changing as fitness fans eschew big-box chains in favour of boutique workout spaces and neighbourhood studios that often focus on one type of workout such as CrossFit, Pilates or SoulCycle. Australia-based workout studio chain F45 has grown from three to 90 franchises in Canada since 2017.
Luxury retailers around the world are feeling the loss of Chinese shoppers, millions of whom are under quarantine or subject to travel restrictions in the midst of the coronavirus outbreak. Stores in many parts of China have been temporarily shuttered and upscale shops in major cities around the world including London, Paris, Hong Kong and Dubai have seen traffic fall with the drop in tourism.
Yedi Houseware's electric pressure cooker, which made Oprah Winfrey's Favorite Things list in 2019, is just one example of the small electrics the tabletop brand has added to its product list. With more sales in its small electrics now than its ceramics, Yedi is continuing the growth with a coffee maker/grinder and an air fryer with a grill function, which will debut at The Inspired Home Show.
Walmart has found a new way to purchase shopping bags that will save the company $60 million a year, Chief Finance Officer Brett Biggs said during a presentation on the retailer's plans to reap savings from small changes. It will also switch to employee vests made from recyclable materials, and cut $100 million in annual energy costs by changing the way it handles equipment maintenance in stores, he said.
Rent the Runway has hired three supply chain, logistics and transportation executives from Amazon, including Brian Donato, who will be the clothing rental company's chief supply chain officer. Donato will oversee reverse logistics and other areas of customer fulfillment.
Digital identities for physical products will help reduce waste in supply chains and encourage reuse and recycling, says Deon Stander of Avery Dennison, which makes unique digital tags for Ralph Lauren clothing. The technology can also help fight fraud and get people to buy in bulk using reusable containers, says Kate Daly, managing director of Closed Loop Partners' Center for the Circular Economy.
"Cyber is everywhere" at General Motors, says Kevin Tierney, vice president of global cybersecurity, including requirements for the parts provided by suppliers and how autonomous manufacturing processes are protected. "As the original equipment manufacturer (OEM), we need to make sure consumers feel safe and secure," he says.
North Carolina businessman Steve McDaniel owns a manufacturer, a staffing company and one of its former vendors, all in the name of expansion. On-time delivery drives the combined companies' operations rather than price, he says.