IGA rolled out an online grocery shopping site called IGA GO this week that will give shoppers the option of picking up their orders or having them delivered. The retailer teamed with tech vendors Digital Foodie and Freshop to create the platform, which it calls "on par with the national chains."
Gillette created its Shave Club subscription service last year to stay competitive, said Procter & Gamble executive Jon Moeller. The company owns 60% of the razor blade market and aims to increase that as it competes with fast-growing newer players including Dollar Shave Club and Harry's.
Saks Fifth Avenue is raising the profile of its personal shopping service in an effort to make it available to a larger group of shoppers. The Fifth Avenue Club service has moved to a more visible spot in the retailer's New York City flagship, with rooms big enough for friends to shop together, and Saks plans to replicate the prototype at about 30 other stores.
American Apparel CEO Paula Schneider will resign on Oct. 3 and be succeeded by Chelsea Grayson, the clothing retailer's general counsel and a former corporate attorney. The change comes as American Apparel considers a sale of all or part of the company; recently, Chairman Paul Charron also stepped down and was replaced by Brad Scher.
Wal-Mart's $3.3 billion acquisition this week of Jet.com could make the retailer the dominant player in low-price online retail, said consultant Bill Bishop. Jet.com grew to about $1 billion in annual sales in a little more than a year with a dynamic pricing model.
Energous, WiTricity and Ossia are among the companies looking to debut chargers that will beam power to multiple smartphones and other wireless devices from a distance of 3 feet or more. Jim McGregor of Tirias Research predicts that the "majority of devices" will have wireless charging capabilities in the next five years.
US consumers expect to spend $8.4 billion for costumes, candy, cards and other Halloween items this year, the highest amount in at least 11 years, according to an NRF survey by Prosper Insights and Analytics. About 17% of respondents said they will seek costume ideas on Pinterest and another 17% will look to Facebook for inspiration.
Hudson's Bay Co. will open a 200,000-square-foot Saks Fifth Avenue store in part of an existing Hudson's Bay department store in Montreal in late 2018. The four-level Saks store will be the largest in Canada and boast an 80,000-square-foot food hall.
Taking control of your cash flow is critical for as a small-business owner, writes Jeff Charles, founder of Artisan Owl Media. Be sure to make use of relevant tax deductions, minimize your debts and ensure you've got the legal protection you need, he writes.
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