Retailer Sportsman's Warehouse Holdings will reportedly bid for up to 80% of the stores owned by Gander Mountain, which filed for bankruptcy protection last month. Sportsman's, which operates nearly 80 stores in 22 states, hasn't yet decided whether it would keep the Gander Mountain name or rebrand the stores, sources said.
Hasbro has outpaced rival Mattel in quarterly revenue for the first time in 17 years. Last year, Hasbro won the international rights to make dolls based on Disney Princess characters away from Mattel.
Hong Kong, once a shopping magnet that attracted more than 3 million tourists from mainland China every month, has seen sales and tourism slide over the past two years. Retailers in Hong Kong can revive the area's fortunes by appealing to bargain hunters, creating the right mix of interesting shops and stressing the opportunity for outdoor adventures, writes JLL executive James Assersohn.
UK supermarket chain Morrisons has added misshapen asparagus from farmers in Herefordshire, England, to its 14-item line of low-priced crooked produce. As much as 15% of the spring crop has grown in unusual shapes after warmer-than-usual early spring days caused the vegetables to sprout early.
Adidas makes about 1 million sneakers each year through automated manufacturing, but that is less than 1% of its total production. Robots still struggle with dexterous tasks, such as lacing up shoes.
The startup Desktop Metal will prototype a 3D printer that it hopes will enable easy, scalable manufacturing of metal parts. The printer uses a metal powder mixed with a flowable polymer binder, which is then put in a special microwave oven to burn off the polymer while strengthening the metal.
Online tuxedo rental service The Black Tux has opened in-store shops at six Nordstrom department stores. Customers of The Black Tux, which also operates four standalone showrooms, go online to schedule in-store consultations and fittings, and then can place orders both in-store and online.
High-end denim brand AG has opened a new store in New York City's SoHo neighborhood, in a space that combines historical architecture and high-tech touches including video walls and digital dressing-room mirrors. AG currently includes 13 stores and expects to grow to 20 by 2020.
NRF's newest ad campaign is using the emotional stories of small business owners to raise public awareness and lobby lawmakers against the proposed border adjustment tax. A commercial features chocolate maker Erin Calvo-Bacci, who must import the chocolate for her products and fears the added tax would put her out of business.
Wal-Mart has named Rent the Runway co-founder Jennifer Fleiss to lead a startup called Code Eight, the retailer's first effort developed as part of its Store No. 8 tech incubator. Code Eight will focus on creating "highly personalized, one-to-one shopping experiences," the company said.
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