Multichannel Retail
Top stories summarized by our editors
4/20/2018

Amazon's sales of packaged foods grew 48% to $650 million in the first quarter, compared to the same period last year, according to One Click Retail, which monitors online sales for around 10,000 brands. Newer products, including Bai beverages and Soylent meal replacements, are proving more popular than traditional brands on the platform, One Click Retail's Nathan Rigby said.

4/20/2018

UK department store House of Fraser has hired KPMG to help it explore turnaround options such as a Company Voluntary Arrangement. The insolvency process would allow the 59-store retailer to renegotiate store rents and possibly shutter some locations.

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BBC
4/20/2018

Cashless business operations are gaining traction in the restaurant space, where owners look to lower wait times and eliminate costs associated with handling currency. Not having to count cash and prepare it for deposits can also save time for managers.

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The Associated Press
4/20/2018

Strategic partnerships help Keurig advance its sustainability agenda, says Chief Sustainability Officer Monique Oxender. Keurig was one of the first firms to join the Closed Loop Fund, which aims to improve recycling and create end uses for recycled materials.

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Sustainable Brands
4/20/2018

Amazon is on track to become the biggest apparel retailer in the US this year, as millennials shift more of their shopping online, according to research from Morgan Stanley. Amazon currently follows Walmart while Target, Kohl's and T.J. Maxx round out the top five.

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CNBC
4/20/2018

High-end home stereo brand McIntosh's invitation-only showroom in New York City's upscale SoHo neighborhood sits in a 12,000-square-foot former power plant space that's designed to resemble the luxury homes of the brand's wealthy fans. "The idea is to immerse the guests in what the ultimate house would be with McIntosh Group products," Senior Marketing Manager David Mascioni said.

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Adweek
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McIntosh
4/20/2018

Japanese e-commerce company Rakuten has received final clearance to become the country's first new mobile carrier in 13 years. Rakuten, which plans to spend around $5.6 billion to build a fourth-generation mobile network, expects to offer its online retail customers a suite of mobile services.

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Rakuten
4/20/2018

Around 12 million independent neighborhood shops in India, known as kiranas, are beginning to see the benefits of incorporating technology into their operations. While only 13% of kiranas in major cities are using tech tools, nearly 70% are willing to incorporate technology, including digital inventory management and mobile commerce, according to consulting firm RedSeer.

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Quartz
4/20/2018

Sweden-based iZettle launched a platform this week that lets retailers establish online stores, collect payments and link to in-store inventory. The financial tech company, whose mini card readers compete with Square, will roll out the new platform in Sweden and the UK first.

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CNBC
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iZettle
4/20/2018

From artificial intelligence to blockchain, retailers are increasingly using technology to improve the customer experience. Although blockchain is most commonly associated with payments like Bitcoin, it can also be used in advertising, loyalty programmes and supply chain management. Upfront Ventures Principal Michael Carney highlights four ways retailers can use blockchain. Read more.

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medium.com
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Michael Carney