Target will make over 1,000 of its 1,800 stores in the next three years, up from the 600 announced earlier this year, after seeing positive results from its first remodels, CEO Brian Cornell said Thursday. As it focuses on competing with Amazon and Walmart, Target will also open more small-format stores and bolster its private-label offerings.
Acquiring both Associated Grocers of Florida and Unified Grocers has put SUPERVALU in a strong position in the food retail industry, according to supermarket expert Burt Flickinger III. The acquisitions bolster SUPERVALU's position among Hispanic and Asian-American consumers and give the retailer the ability to lower store prices on private-label and CPG items, making it more competitive, he said.
Neiman Marcus has teamed with Indie Beauty Expo to launch 15 new beauty brands at the upscale retailer's department stores. It's the latest example of department stores looking to boost store traffic and beauty sales through partnerships with independent brands.
Sephora Collection teamed with Clique Media Group to launch a beauty truck that rolled out to college campuses this week with makeup samples and beauty tips. Students get advice on how to make up appropriately for different situations from internship interviews to nights out.
Walmart sees a retail future where virtual reality tools can create improved experiences, including 3-D holograms that would let Bonobos customers virtually try on new fashions. Other innovations in the pipeline include 3-D images that give ModCloth shoppers a better way to find the right fit and virtual shopping assistants.
US-based smart lock maker August Home will be purchased by Swedish lock company Assa Abloy, with the acquisition expected to close in the fourth quarter. Assa Abloy will maintain the August Home brand in the US, and company co-founder Jason Johnson will stay on as CEO.
Ultimate Ears has released two new smart speakers, Blast and Megablast, which were designed specifically to work with Alexa's ecosystem. These speakers have been updated with a battery to increase portability, while some Bluetooth features have been removed for better Wi-Fi connectivity.
A vacuum blender lets home cooks remove air from what they are blending using an airtight seal and vacuum pump. resulting in tastier smoothies with less foam. The primary benefits of vacuum blending include a more concentrated mixture and reduced oxidation.
The 3½-quart Staub Heritage Braiser, which was originally designed for chefs, goes from the stove to the dining table. The sloping enameled cast iron cookware weighs a hefty 14 pounds and can cook a variety of dishes for festive occasions, including frittatas, paellas and risottos, as well as braise meats and poultry.
Robotic welding yields consistent results, reduces stress on human workers and works effectively with modern materials, writes Ed Sinkora. Offline-setup software has made it easier to get started with robotic welding, he writes.
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