Lord & Taylor has revamped the fifth floor of its New York City flagship, dedicating 30,000 square feet to dresses from more than 70 designer brands. The Dress Address section will stock frocks priced from $109 to $10,000, and it will include 25 brands that are new to the store.
Sales of poster boards, permanent markers and other sign-making supplies surged in January, fueled by purchases in the week leading up to the Jan. 21 Women's March, according to NPD Group. US consumers spent a total of $6 million on art supplies in the week beginning Jan. 15.
The UK is the most popular destination in Europe, the Middle East and Africa for retailers to expand, with 65% of retailers choosing the country as their target market, according to CBRE. France, Germany and the United Arab Emirates are the next most popular.
Sears' $900 million sale of its Craftsman tool brand to Stanley Black & Decker, which closed this month, could be voided if it's later determined that Sears was insolvent at the time of the deal, according to a regulatory filing this week. The company also said in a blog post that it's not in imminent danger of insolvency as it moves forward with its turnaround strategy.
NRF's commercial parodying an OxiClean ad has a serious message to lawmakers and voters about the potential costs to retailers and consumers of a proposed 20% border adjustment tax. "We think there is an element of absurdity to passing the buck to consumers," said NRF's David French.
Canada's retailers are catching up with their US counterparts when it comes to online retail, according to a report from E-Tail Canada, which found that 62% of merchants booked higher online sales last year. Online retail purchases by Canadians hit $19.2 billion in 2016, with 40% of the sales going to sites outside the country, according to Statistics Canada.
Canada's retail sales increased 2.2% in January compared with December, beating economists' forecast of 1.1% growth and marking the biggest monthly gain since March 2010, according to Statistics Canada. Sales climbed in all 11 categories but one, and every province saw growth.
Wal-Mart's division in Chile will spend $800 million during the next three years to renovate more than 50 stores, open as many as 60 locations and complete a distribution centre. Brazil and Chile are Wal-Mart's two largest South American markets, with 498 and 363 stores, respectively.
Effective leaders combine levels of foresight, starting with incremental change up through revolutionary changes that alter the nature of how things are done, Paul Ericksen writes. He discusses how much of your time you might want to spend on small, medium and big changes.
Robots gain mobility when you add a linear seventh axis, which also could allow for smaller and less expensive robots, write Rick Wood and Alex Bonaire. Considerations to think about include the robot's load capacity, speed and precision.
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