J.Crew has been introducing vintage fashions and new styles in categories including lingerie and swimwear to woo back former brand fans who were turned off by design changes in recent years. Struggling with a heavy debt load and several years of sliding sales, the retailer will also close 70 stores.
REI held a trunk show last week dubbed "Less Labels, More Sizes," as part of an effort to improve its outdoor gear and workout wear offerings for larger-sized women. The event included a discussion led by writer and marathon runner Mirna Valerio, where women opened up about the challenges they face in finding proper-fitting athletic wear.
A&W Canada will start selling plant-based burgers from Beyond Meat at all of its restaurants beginning July 9, making it the first chain in the country to offer the burger. A&W Canada is the country's second-largest burger chain, and the deal marks Beyond Meat's biggest foodservice contract thus far.
Angela Ahrendts loved her job as Burberry CEO and had doubts five years ago when Apple CEO Tim Cook asked her to lead the tech company's growing retail division, but her gut ultimately told her to go for it. "To young girls: to thyself be true. And use your instincts, and don't let anybody ever tell you that you can't, you shouldn't ... not in this day and age," she said.
Hudson's Bay Co. shareholder Jonathan Litt is urging the Toronto-based parent of Saks Fifth Avenue and Lord & Taylor to look to Macy's as a model for maximizing the value of its real estate. The company is currently negotiating to sell its Vancouver flagship and it has a deal to sell its high-profile Lord & Taylor store in New York City.
Luxury brands are offering new experiences to court millennials, including Prada-owned Miu Miu, which recently created a pop-up disco made for social media sharing at the Lane Crawford department store in Hong Kong. Chanel also got creative with a temporary concept, the Coco Game Center, where visitors could play updated versions of iconic arcade games.
OneMarket, a tech startup created by mall operator Westfield, has created a platform that malls and retailers can use to stay competitive. The platform lets retailers send interactive digital receipts to shoppers via Facebook Messenger, tracks online purchases and recognizes license plate numbers to automatically charge for parking at malls where parking isn't free.
China's Meituan Dianping, a firm that offers an array of online services including restaurant reviews and food delivery, filed for an initial public stock offering on the Hong Kong stock market today. The Tencent-backed company boasts about 320 million users, and it could be valued as high as $60 billion, sources said.
US consumers buy 2% of their groceries online compared to 6% in the UK, and Kroger's investment in British online retailer Ocado could give it an edge as more Americans turn to online grocery shopping. Ocado's investments in robotics and automation have made it a leader in the industry, and it will build 20 automated warehouses for Kroger over the next few years.
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