The upscale Galleria mall in Edina, Minn., will have 51% of its space devoted to home goods with the opening of a 7,000-square-foot Z Gallerie store next spring. The mall's lineup also includes Pottery Barn, Restoration Hardware and a Design Within Reach store that opened in September.
Jack Ma, executive chairman of Alibaba Group, writes in a letter to shareholders that the company is working to increase profits, but it is evolving into "new retail." He outlines five strategies the company aims to put into place to create an "Alibaba economy" that includes "New Retail, New Finance, New Manufacturing, New Technology and New Energy."
The US Postal Service plans to work with the University of Michigan to create self-driving trucks that it will launch on rural routes by 2025. A worker could sit behind the wheel sorting mail, for example, while the delivery vehicle moves from home to home.
The US Computer Emergency Readiness Team has warned users of the vulnerability of modern Wi-Fi networks, which generally use an encryption system that provides an exploitable opening to hackers. The flaw allows potential hackers to access and listen to devices at wireless access points.
Alibaba plans to use its new voice assistant to break into the retail, hotel and travel industries so companies can offer automated voice assistance to customers. Alibaba's smart speaker, the Tmall Genie, will be used to leverage these industries, with the company expecting a boost in sales.
Trader Joe's has finished opening its 14 new stores planned for 2017, bringing the retailer's new store count to one more than last year. However, Trader Joe's store openings this year came in below its average of 23 new stores per year over the past decade.
Dollar stores stand to remain immune to disruption by Amazon for some time to come, according to a Morgan Stanley survey. The brick-and-mortar retailers cater to extremely price-sensitive consumers who spend an average of less than $10 per visit, while getting the best prices on Amazon requires an annual or monthly membership fee.
Leaders can't build a great team unless they are willing to delegate, solicit ideas and thank people for them, and let people take action on those ideas, writes Joel Garfinkle. "Employees rally around leaders who allow them to learn through doing and raise them up when they've done well," he writes.
Consumer packaged goods brands are facing a potential threat from Amazon, which may launch its own competing products. Selling on Amazon in that environment could be perilous, so brands are exploring alternatives to the giant retailer for their e-commerce offerings.
Food retailers can use cross-promotion to boost sales in the fresh and frozen sections through strategies including placing mobile freezers in the fresh department or using seasonal pairings to create an occasion for putting a display of fresh food in the frozen aisle, industry experts said. To avoid the challenges associated with the logistics of physically cross-promoting foods between the fresh and frozen sections, retailers can also consider using price-point promotions that connect foods across the store, such as apples and frozen pie shells, they said.