Target has expanded its Merona lingerie and hosiery line to include a wider range of shades and colors to appeal to a more diverse group of women, and it will make similar moves in other lines later this year. Such moves can be challenging for mass merchants because it means expanding the number of SKUs each store must carry, said Greg Girard of IDC Retail Insights.
Macy's will be the exclusive US department store retailer for DKNY apparel and accessories starting next February, under a deal with DKNY parent G-III Apparel. The partnership also includes bags, footwear and swimwear, and enhanced DKNY in-store shops.
Malls are looking to the Easter Bunny to bring families out to shop this spring. Americans are expected to spend a record $17.3 billion on Easter this year, according to an NRF survey, and some malls are ramping up offerings with egg hunts, petting zoos and other family entertainment.
High-end French furniture retailer Roche Bobois will open its third New York City store, on the first floor of a luxury condominium building on the city's Upper West Side. "We want our locations to be profitable," executive Pierre Berardo said, adding that the future store is in a high-traffic area.
Germany-based gummy bear maker Haribo will start producing its iconic candy in the US in 2020, when it opens a factory in Wisconsin. The brand already has a fast-growing American sales operation, and it's goal is to increase market share further with the new factory.
Macy's has a bit more breathing room as it works on a plan to re-energize sales, now that Hudson's Bay Co. dropped a proposed plan to acquire the department store and activist investor Starboard Value sold its shares, analysts say. Efforts including dedicated clearance sections and a change to Macy's coupon strategy are expected to drive sales growth.
QVC-owned online retailer Zulily's product pages and social campaigns feature real kids from the local communities near its offices in Seattle and Columbus, Ohio, instead of professional models. The effort started when the retailer would use employees as models for its items, when Zulily first launched seven years ago.
Amazon is turning the technology it has developed over the years into plans for brick-and-mortar retail concepts in many segments, including furniture, appliances and groceries. In India, Amazon has dubbed its plans to build a grocery store network Project Everest.
UK retail sales grew 3.7% in February from the same month last year, fueled by a 4.5% jump in clothing sales, according to the Office for National Statistics. Prices are rising in some retail segments, including groceries, where competition has driven prices down for the past two years.
IKEA expects to win over India's middle class when it opens its first store in the country next year, but it's also working to cut prices to make many of its products affordable for the country's lower-income consumers, IKEA India's Patrik Antoni said. The Sweden-based furniture retailer expects to operate 25 stores in India by 2025.
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