Back-to-school ads from Walmart, Target and Old Navy are winning the most attention from viewers, and they also top the list of retailers where consumers expect to shop, according to the YouGov Brand Index. Other brands shoppers are considering include H&M, Marshalls and Urban Outfitters.
Warby Parker has grown from an online-only eyeglass merchant to an omnichannel retailer with 55 stores and plans for 25 more this year. Co-founder and co-CEO Dave Gilboa talks about the company's growth strategy, shopper trends and the need for innovation and flexibility as the retail scene continues to evolve.
Retailers and delivery companies including Amazon and UPS are in recruiting mode for the holiday season, with plans to hire thousands in Central Ohio to handle the expected surge in online orders. L Brands will add 4,000 seasonal staffers, and delivery firm DHL will recruit 2,500 employees.
UK-based Costa Coffee aims to perk up slowing sales with a focus on innovation. The company more than quadrupled its roasting capacity with a new £38 million high-tech facility that can process 45,000 tons of coffee beans annually, and it expects to grow from 2,000 to 3,000 UK stores in the next four years.
Estee Lauder Cosmetics' fastest-growing market is China, which saw sales soar 40% in the most recent fiscal year, the company reported Friday. The parent of several beauty lines including Mac and Clinique sells its top three brands through branded e-commerce sites and on Alibaba's Tmall.
Consumers are still focused on price, and retailers known for low prices including TJX, Walmart, Target and Old Navy reported second-quarter sales growth.
Walmart has applied for a patent on a blimplike floating warehouse that would fly as high as 1,000 feet and deliver orders via drones. The invention could serve a wider area than traditional distribution centers by releasing drones in flocks before moving to the next town, said Brandon Fletcher, an analyst for Sanford C. Bernstein.
Australian toy company Tiger Tribe has grown in the digital age by selling low-tech activity sets that take children away from their screens. The company now sells its puzzles and activity sets in more than 36 countries, and international business now comprises over one-quarter of the brand's total sales.
A judge has signed off on a plan to create a $500,000 hardship fund for former employees of Sears Canada who lost their jobs without severance when the retailer filed for protection under the Companies' Creditors Arrangement Act. The funds will come from a $9.2 million fund set aside to pay retention bonuses to key employees.
Abu Dhabi-based hypermarket operator LuLu Group International is expanding into new retail sectors, and Managing Director Adeeb Ahamed teamed with Spain's Grupo Cortefiel to bring two Spanish retailers to India. Fast-casual retailer Springfield and lingerie concept Women'secret opened in Bengaluru, with plans to grow to 75 stores in India over the next few years.
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