Marks & Spencer has hired former Southeastern Grocers executive Sharry Cramond as its first marketing director for food and hospitality. Cramond, whose resume also includes stints at Coles Australia and Tesco, will focus on helping the retailer strengthen its food business.
Discount retailers in the UK including Primark and Poundland booked strong holiday sales growth, as cash-strapped consumers turned to bargain hunting. "Consumers have allocated more spending to discounters so that they have more to spend on premium products," analyst Richard Hyman stated.
Thai retailer Siam Makro will enter the cash-and-carry wholesale business in India under the brand Lots Wholesale Solutions. The company said it will open 15 distribution centres in the country over the next three years, with an emphasis on northern India.
Market fragmentation, changing consumer behaviour and the rise of experiences versus products are changing the retail industry. At NRF 2018: Retail's Big Show, GDR Creative Intelligence CEO Kate Ancketill discussed how retailers need to offer more diverse sets of experiences and products across a number of channels. Read more.
Walmart will start dispensing DisposeRx packages for free with each opioid prescription it sells at its namesake and Sam's Club pharmacies, the company said. About one-third of opioid prescriptions are unused and DisposeRx dissolves the leftover medications.
A group of 64 fashion retailers including Target, Zara and H&M have set specific goals to make their production processes more sustainable over the next two years. Under the program established by the Global Fashion Agenda, the companies will focus on tactics including sustainable design and the use of recycled materials.
A growing number of designers are shifting their show and production schedules to meet changing customer demands and to stand out from the crowd. The shift by brands including Alexander Wang could potentially upend the tradition of New York Fashion Week.
Online mattress retailer Casper has named Jeff Brooks as its new chief marketing officer, succeeding Michael Behrens, who resigned last month. The company has also named former H&R Block executive Greg Macfarlane as its first-ever chief financial officer.
The NRF Foundation's annual gala raised more than $2.8 million this year to fund its scholarship, mentoring and educational programs. Former NBA star Shaquille O'Neal presented the "Visionary" award to Walmart CEO Doug McMillon, who talked about starting his Walmart career as a teen unloading trucks.
Hong Kong-based Chow Tai Fook Jewellery Group is on a mission to add new brands both through acquisitions and developing new lines, said Managing Director Kent Wong. The retailer also plans to open up to 1,000 new stores in mainland China over the next five years, with a focus on rural areas and smaller cities.
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