Many US consumers will see their pay rise starting this month under the new tax law, which could boost sales at retailers including Walmart, Costco Wholesale and Amazon. Taxes will decline about $2,119 this year for a family making $75,000, according to the Tax Policy Center.
J.Crew has hired Starbucks executive Adam Brotman as its new president and chief experience officer. Brotman has spent nine years at Starbucks, and as chief digital officer, he led the tech teams that developed the coffee chain's mobile ordering and payment capabilities.
Weddington Way, an online retailer of bridesmaid dresses that sells only its own styles and lets wedding parties shop together in virtual showrooms, will open its first brick-and-mortar location in the Boston area this week. The company, acquired by Gap last year, will open inside a Banana Republic store in Natick, Mass.
The New York Toy Fair is expected to feature Amazon Alexa-enabled devices such as Mattel's "Escape Room in a Box: The Werewolf Experiment." Mattel Chief Technology Officer Sven Gerjets believes voice-assisted technology is the future of toys, saying, "We know that more than one in five parents of connected children own a voice-controlled internet-connected smart speaker. Nearly all parents who have a smart speaker feel comfortable with their child using it."
Gelson's is reopening three remodeled stores in the Southern California market this month, two of which boast smaller footprints. "We want Gelson's to be a unique place where people can try exciting food concepts, have a drink in a social setting, and feel like a new culinary discovery is just around every corner," said Gelson's President and CEO Rob McDougall.
Twitch, the app that allows users to watch others play games, is laying the groundwork for a major rollout in Europe. This includes a move by the Amazon-owned service to expand its content range to include such things as fitness and music in a bid to win over more advertisers.
Panasonic will add an Ultra HD Blu-ray player, model DP-UB9000, to its lineup of audiophile-focused devices, a company spokesman said. The DP-UB9000 would join the UB820, which Panasonic unveiled for the US market at CES 2018.
A new analysis produced by FAIRR predicts that the alternative protein market will grow 8% a year over the next two years. With nearly one-third of millennials eating meat alternatives daily, and half of those shoppers enjoying plant-based proteins for multiple meals during a week, the group expects a $5.2 billion market to bloom by 2020.
Watch and jewellery retailer Olivia Burton will open its first retail store in London's Covent Garden in May. The brand, which launched in 2012 and sells its products online, joins other retailers such as Tom Ford Beauty and Chanel that have opened Covent Garden locations.
Montreal-based MTY Food Group will acquire Canadian restaurant concepts Timothy's World Coffee and Mmmuffins from Le Duff America, the US affiliate of French company Groupe Le Duff. The sale comes as Le Duff focuses its efforts on launching its Brioche Doree concept in the US, Le Duff America CEO Olivier Poirot said.
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