Specialty Retail
Top stories summarized by our editors
2/23/2018

Stores still ring up the bulk of retail sales, and they will continue to play a key role, even as online shopping continues to grow, Target CEO Brian Cornell said. "The winning retailers of the future are going to combine great physical assets with the ease that comes along with that digital interaction," he said.

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CNBC
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Brian Cornell
2/23/2018

Amazon has plans to open up to six of its Amazon Go concept convenience stores in the coming year, according to reports. Seattle and Los Angeles are reportedly in the running for locations of the store, with Amazon identifying three possible sites in its hometown of Seattle.

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Progressive Grocer, Recode
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Amazon
2/23/2018

Natural grocers are feeling optimistic about their opportunities, with 96% saying they expect sales to grow or stay the same in the coming year, according to a survey by WholeFoods Magazine and Readex Research. Strong sales also are prompting store expansion, with 16% saying they had expanded in the past year and 21% saying they plan to do so this year.

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Whole Foods Magazine
2/23/2018

Samsung has launched compression and privacy app Opera Max under the name Samsung Max. Opera, the company behind Opera Max, announced plans to shutter the app last August, but Samsung elected to rerelease the app for certain Samsung devices.

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VentureBeat
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Samsung, Opera Max
2/23/2018

Crate & Barrel will replace its Land of Nod children's furniture and home goods brand under the new Crate & Kids banner and open departments in 40 Crate & Barrel stores. The retailer shuttered most of its Land of Nod stores earlier this year, and the company will continue selling some Land of Nod products.

2/23/2018

Jet.com founder Marc Lore said he has no plans to leave his post as Walmart's head of e-commerce after a little more than a year on the job, despite rumors to the contrary. "I feel like we are just getting started," he said.

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CNBC
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Marc Lore, Walmart
2/23/2018

Former direct-to-consumer beauty brand ColourPop has signed a deal with Ulta Beauty to sell more of its liquid lipsticks on the retailer's website and in select stores starting Sunday. The brand signed its first traditional retail deal with Sephora last August.

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Ulta Beauty, Ulta, Sephora
2/23/2018

H.E. Butt Grocery is testing a mobile self-checkout app that lets customers scan items as they shop in a pilot project at two stores in San Antonio, Texas. The company currently has no plans to expand the test, spokesman Dya Campos said.

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H.E. Butt Grocery, H-E-B, Dya Campos
2/23/2018

Growth in the deli category is outstripping that of the rest of the grocery store by more than four times, and Hormel has launched a new deli division to capitalize on that demand, said CEO Jim Snee. "Our new deli division represents almost $1 billion in annual sales and will be the company's next growth engine," Snee said.

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Jim Snee, Hormel, Hormel
2/23/2018

Grocers are discussing with the US Agriculture Department their potential role in the Trump administration's proposed changes to SNAP benefits, including converting shopping dollars to a delivered box of specific items. "Rather than dismiss this out of hand, let's discuss how it can be improved," Agriculture Secretary Sonny Perdue said.