Abercrombie & Fitch has been making changes with the ultimate goal of growing into a $5 billion global lifestyle brand, CEO Fran Horowitz told analysts this week. "As I have said many times, there are no silver bullets, just the results of painstaking intentional hard work over several years," she said.
Instagram is increasingly becoming an online shop for social-savvy fashion fans on the hunt for one-of-a-kind and vintage pieces. Social shopping ventures are just starting to take off and they could provide a model for major merchants looking to boost digital sales, EMarketer Analyst Andrew Lipsman said.
McDonald's will change from plastic to paper straws at all 1,300 UK locations starting next month to help cut down on the amount of plastic that goes into the trash.
The Mall of America's renovated movie theater will reopen next week with a food hall serving a variety of cuisines. The CMX Market Cinema at Mall of America will sell dishes ranging from pizza slices to charcuterie platters alongside the traditional popcorn and Red Vines, and the theater will also include a full bar.
Publisher Hearst Magazines will acquire a minority stake in Gear Patrol, one of a growing number of digital and print publications that earn revenue by referring their readers to products for sale on Amazon and other e-commerce sites. E-commerce is a growing category for Hearst and revenue from the segment is up 120% so far this year, said Troy Young, global president of Hearst Magazines Digital Media.
Rivals Amazon India and Flipkart are gearing up for major sales events in India next month, with plans for deep discounts on a range of goods including electronics, apparel and home goods. Flipkart's event will be a smaller version of its annual Big Billion Days sale, which takes place during the country's festive season, a spokesperson said.
Future Group's fast-fashion retail chain, FBB, sold around 200 million items in the last fiscal year and is on track to sell as many as 350 million this year, Future chief executive Kishore Biyani said. This growth would put FBB in the top 10 of global fashion retailers, along with H&M and Zara.
If registered by May 4, retailers can save up to $300 on a full conference pass for NRF PROTECT 2018. The conference, to be held in Dallas June 11-13, will feature two days of educational programming for loss prevention professionals, an EXPO hall and the Fusion Center with law enforcement representatives. Register here.
Deschutes Brewery in Bend, Ore., quickly realized that a simple data model based on one variable with context was more effective than a data dump and complicated analysis, says the brewery's Tim Alexander. The company has saved money on equipment, offered insight into quality and resulted in a more consistent product.
Companies interested in internet of things technology should identify which problem they want to solve and then speak with other companies that have pursued similar projects, Stacey Higginbotham writes. "Essentially, a large-scale industrial IoT project isn't something you should ever try to do alone," she asserts.
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