Specialty Retail
Top stories summarized by our editors
4/26/2018

Nintendo has announced that CEO Tatsumi Kimishima will step down and be replaced by Shuntaro Furukawa. Nintendo's operating profits increased 505% in fiscal 2017, driven by the Switch console, and Kimishima said it was the right time to step down.

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Nintendo
4/26/2018

Kohl's has succeeded in winning new shoppers without alienating loyal customers over the past year, said Kevin Mansell, who will hand the CEO reins to Michelle Gass next month. Same-store sales rose more than 6% during the holiday quarter, and athletic apparel from Nike and Under Armour as well as a partnership with Amazon have boosted performance at the 1,200-store retailer, he said.

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CNBC
4/26/2018

Artist Couture CEO Angel Merino got his start at the makeup counter of MAC Cosmetics and now has a deal with NYX Cosmetics for the company's makeup masterclasses. The brand's products launched in Sephora stores in the US and Canada earlier this year, and the retailer will sell exclusive Artist Couture holiday sets this year.

4/26/2018

Triangle Rock Club will open its third rock-climbing facility and gym in a 107,000-square-foot former Walmart store in Durham, N.C., one of the latest examples of new uses for spaces left empty as retailers adjust their store counts. "I wouldn't call it a trend anymore, it is here to stay," CBRE retail real estate expert Charlie Coyne said.

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Walmart, CBRE
4/26/2018

Wegmans is preparing to open a two-level store in a Natick, Mass., mall on April 29. The store will include a cart conveyor system in its central atrium to help customers move between levels and a walkway connection to the adjacent parking garage.

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Progressive Grocer
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Wegmans
4/26/2018

Researchers at Disney Research and Carnegie Mellon University recently discovered a way to turn walls into touchpads using conductive paint and low-cost electronics. The product is called Wall++, and the altered walls can do things such as function as virtual buttons and identify which devices in a room are being used.

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Digital Trends
4/26/2018

Philips has released the Somneo Connected Lamp, which is designed to help users sleep better. Among the Somneo's features, it can inform users of bedroom air quality, it comes with a natural lighting mode, and it offers steps to improve sleep based on user data.

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Dealerscope
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Philips
4/26/2018

Snapchat has unveiled Snappables, interactive lenses that use augmented reality, which users can select to play games with friends and can control with motion, touch and facial expressions. Snappables will be released worldwide this week, with additional lenses to be unveiled over time.

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Adweek
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Snapchat, AR
4/26/2018

Castbox, a startup that has developed a cross-platform podcasting app, raised $13.5 million in its most recent funding round. The company's headquarters are in Beijing, with additional offices in Hong Kong and San Francisco.

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VentureBeat
4/26/2018

Industry analysts at investment firm Rosenblatt Securities believe that the upcoming 2018 iPhone X Plus may support a stylus device -- an "iPen." That would align with industry trends, as Samsung released a digital stylus in its Galaxy Note series.

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CNET
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Rosenblatt Securities, Samsung