Starbucks will make its debut in Italy late next year with a 25,500-square-foot Roastery store in Milan. The US-based coffee chain was originally going to partner with Italian company Percassi to open one of its traditional stores first, but plans changed after the high-end Roastery concept proved successful in Seattle, said CEO Howard Schultz.
Business leaders need to remind younger people about the economic opportunities of capitalism, especially considering the challenges they face in terms of income and student-loan debt, says Rick Schwartz, Winsupply chairman. "It is my responsibility to try to help solve the problem and give back by helping defend" free-market capitalism, he says.
Canadian discount retailers are growing this year, as consumers remain cautious about spending in the wake of the 2008 downturn and wage growth stalls, according to Statistics Canada. Dollarama will add 60 to 70 stores, Giant Tiger is planning 10 to 15 new locations, and Costco will grow by seven stores.
Primark expects to see British apparel prices rise in the second half of the fiscal year to offset higher prices on imported goods, said John Bason, chief financial officer of parent Associated British Foods. Currency hedging has helped retailers stave off price increases, despite the pound's decline after last year's Brexit vote.
India's Future Group will sell its HomeTown home furnishings chain, merge Ezone electronics stores with BigBazaar supermarkets, and close clothing retailer Planet Sports. The moves are part of a strategy to cut costs and focus growth efforts on the company's food and fashion brands, CEO Kishore Biyani said.
M-commerce startup Weee! connects Chinese Americans on social networks so they can take advantage of group buying of ethnic snacks, fresh produce, seafood and other food items. The app, which is also active in Canada and expected to expand to the UK and Australia, launched in 2015 and now has more than 120,000 users.
Tech Data has created a six-person operations team to manage the addition of Avnet Technology Solutions into the company. The deal will mean changes for former Avnet vendors and give Tech Data a presence in the Asia-Pacific region.
Bunzl reported revenue growth of 14% for its full business in 2016, while North American revenue increased by 3%. The company also said it would benefit if US policy is altered to encourage domestic manufacturing.
Start thinking about the capabilities of your warehouse-management system, even if it's months from peak season, Steve Banker writes. This is particularly important for supporting the influx of e-commerce orders, he writes.
Family-owned businesses usually intend to pass along the business even though the data suggest this is uncommon, Bridget McCrea writes. She talks with experts about what succession planning looks like, including the need to look at high-potential employees, not just your top performers.
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