Lego CEO Jorgen Vig Knudstorp will lead the Lego Brand Group, a new umbrella company formed to manage the Denmark-based, family-owned toy brand's growing global business interests, which include an educational division and Legoland theme parks. Chief Operations Officer Bali Padda will become the new Lego CEO.
Many retailers including Macy's and Bon-Ton Stores are recruiting seasonal staffers who use and know their products well enough to act as enthusiastic brand evangelists, hiring managers say. Those qualities are becoming even more important than retail experience as stores ramp up customer service to compete with online rivals.
Lululemon Athletica head Laurent Potdevin has led the company's return to double-digit sales and profit growth, with a focus on mindfulness, design, global growth and expansion into the menswear market. "The trend of living a lifestyle that is athletic and mindful is something that is global, that's across gender -- it's actually across generations," he says.
Online accounted for 27.6% of all non-food retail sales in Britain last month, up from 25.3% in the same month last year, and a quarter of Black Friday spending happened online, according to the British Retail Consortium.
South African grocery chain Shoprite, worth $8.5 billion, has grown from eight to 2,214 stores across Africa since 1979, making it the continent's biggest supermarket chain. CEO James Wellwood Basson will resign after almost 40 years, leaving behind a chain that grew on a low-price model and caters to the middle class.
Droughts have driven up the price of Christmas trees this year, and nowhere is that more apparent than in New York City, where the tab for a seasonal evergreen can top $1,000. That's more than the $935.58 the average consumer expects to spend on everything holiday-related this year, according to an NRF survey.
A Nordstrom department store in Troy, Mich., now features a Tesla Motors showroom that will stay open for at least six months. Michigan doesn't allow Tesla to sell its cars in the state, but shoppers visiting the showroom can order the Model X SUV online from other US cities.
Retailers launched holiday promotions weeks before Black Friday to woo early bird shoppers and they're expected to continue the deals and discounts with four Saturdays in the shopping season this year. Many of the season's ad campaigns have focused on promotions and pricing as shoppers turn to digital channels in search of deals, said Shelley Kohan of RetailNext.
Sephora, Foot Locker and Bed Bath & Beyond are part of the first wave of retailers to implement Vodi, a messaging app that lets consumers send digital gift cards. The e-gift card industry is expected to hit $14 billion by next year, up from $6 billion in 2014.
The success of Alibaba's Taobao marketplace in China prompted groups of entrepreneurs in rural villages to set up shops on the site seven years ago. The model may be replicated in Australia, as China's demand for health supplements, milk powder and other Australian products grows, Aliresearch Institute's Sheng Zhenzhong said.
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