Kroger’s chairman and CEO Rodney McMullen provided his outlook on the future of retail at the NRF 2019: Retail’s Big Show in New York City during a keynote presentation themed, “Restocking the future: Kroger’s insatiable appetite to play and win the long game.”
With retailing’s middle ground becoming more vulnerable between price-driven and luxury sectors, the stakes are higher for retailers to become more “remarkable,” said Steven Dennis, founder and president of retail strategist SageBerry Consulting. Dennis, in his keynote to open the third annual Home Improvement eRetailer Summit in Chicago, said the urgency of a remarkable makeover is underscored by the immediate challenge faced by many middle-market retailers— physical, digital or omnichannel.
Lowe’s recently discussed its strategic priorities and near- and long-term financial targets at its 2018 analyst and investor conference.
Ikea’s strategy for its new, urban Planning Studio is based less on its past practices and more on an omnichannel approach the retailer is embracing.
After a challenging second quarter, Bed Bath & Beyond asserted that it will continue to work on reinventing its business and begin generating earnings and sales gains in 2020.
The July 23 issue of HOMEWORLD BUSINESS® features the 19th annual Impact Merchants special report. Housewares suppliers, representing the categories that HomeWorld covers, once again were asked to nominate buyers and merchandisers believed to have made a significant impact during the past year.
Walmart and Capital One have entered into a new, long-term credit card program agreement.
Mastercraft International has hired Sarah Thielemier to a newly created position focusing on omnichannel sales and product development.
At the company’s annual meeting today, June 29, Bed Bath & Beyond executives emphasized the company’s commitment to develop omnichannel capacities to meet its goals of being the consumers’ expert advisor on the home as they go through their various life phases and “heart-felt” life events.
Omnichannel consultant and services provider Radial has conducted a study, “The Everyday Essentials of Successful E-commerce Fulfillment,” which highlights some dissatisfaction with delivery services.
Hudson’s Bay has named Stephen Gold as chief technology and digital operations officer, effective immediately.
Kohl’s, the HOMEWORLD BUSINESS® Retailer of the Year for 2018, quickened a multi-dimensional multi-year turnaround program during the fourth quarter, surprising observers, vendors and other retailers with earnings advances and comparable sales gains that made it a standout in retail.