O2Cool Expands On-The-Go Offering With LunchBots Acquisition
O2Cool LLC has acquired LunchBots, known for its stainless steel bento boxes and on-the-go meal and snack accessories.
retail
Ulta Slates NYC Herald Square Store Among March Openings
Ulta Beauty is opening a new Herald Square location in New York City on March 5 among 13 store debuts slated by the retailer for March as it advances new product launches and social initiatives.
NPD Reports Strong Early-Year Home Goods Growth
Consumers continued to spend on home categories in the first six weeks of 2021, reported The NPD Group, attributing such spending to the continuing pandemic and economic stimulus payments.
L.E.K.: E-Commerce Becoming More Capable, Complex
Online converts, smart buying and on-trend choices are chief among 10 key long-term trends that will continue to define the future of retailers and their multichannel strategies in the marketplace after the COVID-19 pandemic wanes, according to an analysis by L.E.K. Consulting.
Kitchen, Personal Care Appliances Propel Spectrum In Q1
Spectrum Brands was propelled to strong sales and earnings in its fiscal first quarter with help from steep holiday season gains from small kitchen appliances and personal care appliances.
Home Depot Widens Dallas Fulfillment Base
The Home Depot has opened a new distribution center in Dallas to fulfill online and store orders. The company’s newest Dallas supply chain site also manages customer delivery and installation of major appliances ordered in stores or online.
Walgreens Names Starbucks, Walmart Veteran Brewer CEO
Walgreens Boots Alliance, Inc. named former Starbucks, Sam’s Club and Walmart top executive Rosalind (Roz) Brewer CEO, effective on March 15.
Amazon To Add 3,000 Jobs At Boston Tech Hub
Amazon announced plans to expand its Boston Tech Hub and create more than 3,000 new corporate and technology jobs the next several years.
Target Giving $200 Million More In Employee Bonuses
Target Stores is investing $200 million in another round of employee bonuses after strong 2020 sales during the pandemic.
Costco Tests Curbside Pickup In New Mexico
Costco is testing what has become a widespread retail practice during the pandemic by introducing curbside pickup to members at three warehouses in Albuquerque, New Mexico.
Crate And Barrel Launches Exclusive FluidStance Desk Accessories
FluidStance, developer of wellness-oriented desk accessories, has debuted an exclusive product line in collaboration with Crate and Barrel.
Lowe’s Ellison, Wayfair’s Shah Foretell Tech’s Surging Retail Impact
As part of a seminar at the National Retail Federation’s Big Show Chapter 1, an ongoing virtual event to be followed in June by a now virtual Chapter 2, Marvin Ellison, president and CEO of Lowe’s and Niraj Shah, co-founder and CEO of Wayfair, discussed the development of their companies before and through the COVID-19 pandemic. The retail executives then looked beyond at a future when the application of technology will improve and simplify the consumer shopping journeys and purchase decisions.
NPD: Last-Minute Surge Drove Holiday Retail Sales Gain
A holiday shopping push during the last two weeks of 2020 drove 13% year-over-year dollar sales growth and combined holiday…
Chewy’s Marte Named To Best Buy Board
Best Buy Co. has appointed Mario Marte, CFO of pet-oriented digital retailer Chewy, to its board of directors.
Global Port Tracker: 2020 Retail Imports May Break Record Despite Pandemic
Retail imports during 2020 appear to be headed toward a new record despite the coronavirus pandemic, and imports remain at…
Economy Lost Jobs In December But Retail Staffed Up
According to the Bureau of Labor Statistics of the United States Department of Commerce, retail helped hold the line on the unemployment rate in December.
Soltau Out As JCPenney CEO
Jill Soltau is leaving her post as JCPenney CEO today, to be succeeded on an interim basis by Stanley Shashoua,…
Placer.AI: A Pandemic Shaking Will Realign Retail In 2021
As the marketplace looks forward to 2021, Placer.ai has designated several trends that could define how next year unfolds including where and when shopping might change.
Wayfair Donations Made A Social Impact This Year
Wayfair has donated more than $12 million to social impact initiatives across the company’s global footprint in 2020.
Nordstrom Names Supply Chief DePree To Executive Team
Nordstrom has named Alexis DePree evp/chief supply chain officer to the executive team effective next month.