Designer Alexander Wang's second collection of footwear and workout apparel for Adidas launched Wednesday at global retailers including Barneys New York. The Flip Pack line features track suits, shorts and tops in black, maroon and indigo.
Canada's YM Inc. Group of Cos., the parent of several retail chains including Sirens and Stitches, has bid $1.5 million to buy the intellectual property of US-based fashion retailer Wet Seal, according to bankruptcy court documents filed Tuesday. The auction for its trademarks, domain names, brands and other intellectual property is scheduled for Thursday.
Diamond mining company De Beers has created a new machine that can assess around 90,000 stones in a day to determine if any are synthetic. The new machine works 10 times faster than an older model, using red spectrum light to identify diamonds that are made in labs and chemically identical to real stones, the company says.
NRF has created a humorous TV spot highlighting the damage a proposed border adjustment tax would do to US retailers and consumers. The ad, which will run during "Fox and Friends" and "Saturday Night Live," features a high-energy pitchman who touts the ways the tax is designed to "make your disposable income -- disappear!"
The face of retail real estate in Omaha is shifting as multiple retailers move into spaces once occupied by single large-format stores. In one mall, a 90,000-square-foot former Kmart store will soon be home to Burlington, HomeGoods, Sierra Trading Post and T.J. Maxx stores.
A growing number of retailers, including Target and Best Buy, are experimenting with robots to perform functions including tracking inventory, retrieving goods and keeping shelves full. Machines are also making it possible for merchants to offer mass customization with partially made goods that are finished to suit at local stores.
Online grocery delivery service Instacart will launch in several Florida cities including Bradenton, Sarasota and Jacksonville on Thursday. Instacart users can order from local stores including Publix, Whole Foods Market and Petco.
German discount supermarket chain Lidl has expanded its exports of UK-produced food to other EU countries, taking advantage of the lower pound to keep prices low. Some 70% of the vegetables, meat and other food Lidl sells in Europe comes from the UK.
French retailer Eram has hired a bank to find a buyer for its Agora Distribution division, parent of several brands including discount fashion retailer Tati. Tati launched in Paris in 1948 and grew internationally in the 1990s before facing growing competition from the new generation of fast-fashion retailers.
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