The Sears board of directors has a difficult decision to make in evaluating CEO Edward Lampert's $400 million offer for the retailer's Kenmore appliance brand. The sale would raise much-needed cash as a $133 million debt payment looms, but it would leave the board open to further criticism of self-dealing by Lampert, who is also the retailer's biggest lender and shareholder.
Instagram is changing the way brands use video ads to connect with audiences, from different frame formatting and video captions to celebrity partnerships and creative content, Fandango's Eileen Rivera says. Instagram has shown the biggest growth for Fandango, she says, especially with added features such as IGTV and Stories.
Canadian coffee chain Tim Hortons will customise its menu to fit Chinese tastes as part of a push to open 1,500 new locations in Asia in the next 10 years, company President Alex Macedo said. Tim Hortons aims to stand out from the competitive coffee market in China with menu items such as matcha and congee.
Social media posts have the power to persuade audiences, with 14% of US adults stating they changed their opinion on something after seeing a post on social media, a Pew Research Center survey found. Influencers also have an effect on consumers, with 41% of men and 30% of women saying influencer posts affected purchase decisions, according to a GlobalWebIndex survey.
Industrial lease rates in Vancouver, Canada, grew 29% in the first quarter over the same period last year, as e-commerce drove demand for warehouse and fulfillment center space, according to CBRE Group. IKEA and Amazon are high on the list of retail companies that have leased some of the area's largest spaces.
UK retail sales rose 0.7% in July from the previous month, according to the Office for National Statistics, beating a forecast for 0.2% growth. Apparel, food and online sales fueled the increase.
Fashion retailers are finding new ways to combine human talent and technology to help shoppers put outfits together. Japan-based Uniqlo has created a chatbot using people's suggestions, and Amazon has enhanced its proprietary software using input from fashion and retail specialists.
Walmart's procurement department asked beauty product vendors earlier this month to look to countries other than China for sourcing, a move that signals a plan to combat pending tariffs. A list of proposed new US tariffs on Chinese imports includes several beauty items including shampoo, lipstick and eye makeup.
Walker & Company is reinventing the way consumers of color learn about, purchase and enjoy health and beauty products, starting with the $50 billion personal care industry. Founder and CEO Tristan Walker talks about filling a void in the marketplace, his student-centred nonprofit Code2040 and what's next for retail. Read more.
Manufacturers with complicated supply chains or field service operations -- including outsourced work -- should examine their reverse logistics process to save money and improve efficiency, writes Tom DeVroy, senior product evangelist at IFS. "Reverse logistics software needs to account for multiple subcontractor types, and reimbursement policies in order to manage the complex situations caused by sub-contracting," he writes.
- Page 1