Coffee shops are an important part of the culture in Lynchburg, Va., and many of these businesses serve as gathering spots that host open mic nights, book clubs and other events. The White Hart, which has been open for more than a decade, even hosted a wedding for a couple who had their first date at the shop.
Victoria's Secret will focus on comfort over style to appeal to younger shoppers and expand its offerings in categories including sportswear and sleepwear to boost sales amid growing competition, the company said Thursday. First-quarter sales at parent L Brands rose 8%, but Victoria's Secret's same-store sales were down 14%.
Plus-size fashion subscription service Dia&Co will add workout wear from brands including Lane Bryant and Beyond Yoga to its offerings, the company said. The newest service, dubbed Dia Active Box, will send curated five-piece collections of pieces including leggings, hoodies and sports bras.
Steam Link, an app designed to allow users to play games via mobile devices, has been blocked by the App Store, though Apple has not commented on the decision. Industry experts warn that this could be a serious problem for Apple, with Bob O'Donnell, president of TECHnalysis Research, saying, "What they're doing is denying iPhone owners access to the most important gaming ecosystem there is. Given that the younger demographic skews toward iPhones, it seems particularly damaging."
Essential, a startup created by Android founder Andy Rubin, is being considered for sale and has ended development of a new smartphone. The company was valued at close to $1 billion about a year ago, but no specified price has been listed for the sale.
Rexel USA has taken a regional approach to its operations and encourages area leaders to make decisions for a faster, simpler experience for its customers, says CEO Jeff Baker. The company's remaining tasks in 2018 include resetting more than 50 branches and relocating a dozen others.
Distributors must integrate themselves into customers' operations as part of the approach to e-commerce, writes MarginPoint CEO Vince Sheeran. "By linking the customers' material inventory management and replenishment to the order process, a distributor can become the preferred supplier," he writes.
McKesson posted a net loss of $1.15 billion on revenue of $51.6 billion in its fiscal fourth quarter ended March 31. Asset-impairment charges in its European and Canadian retail segments contributed to the loss despite global revenue growth.
Millennials represent 35% of the US labor pool and value money, security and time off, per Manpower Millennial and Pew Research Center data. Pathfinder Consultants President Eric Borden argues millennials are a critical segment for electrical distributors and that companies can attract them by understanding their values and by relaxing some traditional rules.