Stitch Fix raised $120 million in an initial public offering this month, and the company is set to grow on its business model that pairs human stylists and customer data. "Data is really Stitch Fix's key differentiator," said Eric Kim of venture capital firm Goodwater Capital. "Stitch Fix knows who's buying what, who's trying and not buying what, what they like and what they don't like."
Piezoelectric sensors help manufacturers reduce costs through inline monitoring, writes Matthias Giese of Kistler Instrumente AG. "[S]ensor technology based on the piezoelectric principle delivers a remarkable increase in process reliability within a company's production chain, coupled with a sustained improvement in productivity, opening up the way to zero-defect production and maximized process efficiency," he writes.
Reliability program implementations are most successful with management support, Mobius Institute CEO Jason Tranter says. Make the case in terms of dollars, and test it with a small project before trying to go big.
Cyberthreats to packaging facilities include ransomware and attacks on industrial control systems, and attackers are becoming more clever and sophisticated in their methods.
Manufacturers need to protect data leaving their networks from being stolen or manipulated, writes Tim Bandos of Digital Guardian. Establish data egress policies and enforce firewall rules, he recommends.
DuPont Sustainable Solutions takes hazards and looks to quantify them by associating an activity and its annual frequency, including near-misses. Take those incidents and define the potential consequences, then allocate resources to the risks most in need of mitigation.
US retail property owners are spending more to dress up properties and add features such as ice skating, gingerbread-making classes and winter castles to bring in customers this holiday season. Retail centers often spend $150,000 to $500,000 apiece on holiday decor, says Greg Maloney of JLL.
Retail property managers in Aurora, Ill., are upbeat about the upcoming shopping season, noting that retail is part of the holiday tradition. At Fox Valley Mall, General Manager Scott Samson says retailers at the property are hoping for as much as a 40% rise in sales during the holidays.
The 1.1 million-square-foot Colorado Mills shopping center is open after completing significant repairs after a May hailstorm. The property could remain competitive because it has a large concentration of specialty and outlet stores, plus a Super Target and a movie theater.