Multichannel Retail
Top stories summarized by our editors
2/21/2018

IKEA has signed onto the "Big Clean Switch" campaign and is encouraging UK customers to sign up to potentially save £300 annually on their energy bills. The program negotiates lower prices with renewable energy suppliers, and customers can opt to switch to a green supplier once the new rates are released.

Full Story:
The Guardian (London)
More Summaries:
IKEA
2/21/2018

Gap brand President and CEO Jeff Kirwan has stepped down after three years and parent Gap Inc. has launched a search for a new chief, the company said Tuesday. Kirwan led efforts to create a more efficient supply chain and improve the fit and quality of its fashions.

More Summaries:
Jeff Kirwan
2/21/2018

Luxury retailer Galeries Lafayette will change the name of its 11 watch stores at two airports in France to Galeries Lafayette-Royal Quartz Paris as part of an upgrade of the locations. The retailer will increase its focus on tourism and expansion to China, as domestic spending slows.

More Summaries:
Galeries Lafayette
2/21/2018

Wipro has released an integrated home-automation system dubbed Wipro Z Nxt. The system allows users to control lights, geysers and air conditioners without the need to replace existing switches or wiring in the home.

More Summaries:
Wipro
2/21/2018

Amazon has added an exclusive line of health products, called Basic Care, from private-label manufacturer Perrigo. The over-the-counter line, launched last year, includes 60 items including ibuprofen, allergy pills and treatments for growing hair.

Full Story:
CNBC
More Summaries:
Amazon, ibuprofen, Perrigo
2/21/2018

Brooklyn Decker and Whitney Casey founded virtual closet startup Finery to create an efficient way to store, select and shop for clothing. The system, which works better for women who do most of their clothes shopping online, is designed to help users keep better track of their clothing and buy fewer items they never wind up wearing, Decker said.

Full Story:
Glossy
More Summaries:
Brooklyn Decker
2/21/2018

Hain Celestial has seen its sales at Whole Foods Market grow dramatically, despite price cuts put in place by new owner Amazon, Hain CEO Irwin Simon said. The maker of organic and natural products, which sells about 1,500 items at Whole Foods, saw overall second-quarter sales rise 5% over the same period last year.

Full Story:
CNBC
More Summaries:
Whole Foods, Amazon, Hain, Irwin Simon
2/21/2018

A group of Canadian labour advocates are moving forward to repeal a measure approved late last year that exempts retailers in Ontario's York Region from a law requiring them to close on nine specified holidays. The legislation allows stores to open every day, except Christmas Day.

Full Story:
CBC News (Canada)
2/21/2018

US-based shoe maker Weyco Group will expand production and distribution of its Florsheim brand in India in collaboration with Samar Lifestyle. The partners will open their first store this year and plan to grow to 25 locations by 2023.

Full Story:
LiveMint (India)
More Summaries:
Florsheim, Florsheim
2/21/2018

Research has shown that diversity and inclusion in the workplace directly correlate to a better understanding of customers and higher earnings. At NRF 2018: Retail's Big Show, retail and consumer brand CEOs discussed why it's important to understand and combat unconscious bias in the workplace. Read the STORES Magazine recap.

Full Story:
stores.org
More Summaries:
Clorox, J.C. Penney, Best Buy