Amazon will open a brick-and-mortar bookstore in Chicago next year, building on the concept created when the online retailer opened its first store in Seattle last year. The concept combines traditional books and Kindle devices, and lets shoppers buy onsite or place online orders.
The hedge fund controlled by Sears Holdings CEO and majority shareholder Edward Lampert will loan the retailer $300 million, the company said Thursday after reporting a $395 million second-quarter loss. The retailer, which has been selling assets and closing stores to cut costs, will also shutter its 40-year-old anchor store at Minnesota's Eden Prairie Center in November.
Online fragrance retailer Phlur launched June 22 and received more than 1,000 orders in its first 30 days. The startup from former Ralph Lauren executive Eric Korman, which lets customers sample any two scents for $10 and sells full-size bottles for $85, raised $1.8 million in a new round to fund operations and develop new products.
China's first Disney store opened in Shanghai last year to a mile-long line of people who waited eight hours for the 54,000-square-foot store to open. The store opened more than a year before Disney's new Shanghai theme park, and its initial mission was less about selling trinkets and more about introducing Chinese consumers to Mickey Mouse and friends.
Restaurant chains are turning to social media channels including Facebook, Slack and Twitter to make mobile ordering easier and eliminate the need to take up smartphone space with more apps. Chains including Wingstop, Pizza Hut and Taco Bell are experimenting with conversational ordering systems and chatbots to boost social ordering.
Outback Steakhouse and Carrabba's Italian Grill parent Bloomin' Brands is looking to Latin America for future growth, said spokeswoman Cathie Koch. The Florida-based restaurant operator has hired an international real estate firm to help it expand in several markets, including Brazil, Chile and Argentina.
La Perla will branch out from lingerie with its first ready-to-wear line designed by new creative director Julia Haart. The launch marks the start of the company's shift to a lifestyle brand which in the future will include sleepwear, beach fashions and men's casual fashions, Chairman Silvio Scaglia said.
Steven Cook has resigned as Holt Renfrew's top merchandising executive after five years with the high-end Canadian department store operator, the company said. Mario Grauso will add Cook's duties to his own when he takes over as president next month.
A 52,000-square-foot entertainment center in the Sunvalley Shopping Center, in Concord, Calif., is to open today, replacing a former Sports Authority location. The facility, called Round 1, offers karaoke, bowling, arcade games and billiards in a family-friendly atmosphere.
Best Buy will be showing off Facebook Oculus Rift VR headsets in 500 stores and Sony PlayStation VR in 200 stores over the next few months. "The performance of virtual reality at Best Buy will be a very good indicator of how successful the VR movement will be," said Keybanc Capital Markets retail analyst Brad Thomas.
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