Nostalgia and tech updates are driving turntable sales, as this segment saw 16% sales growth between March 2016 and February 2017, per data from The NPD Group. NPD Executive Director Ben Arnold said, "The turntable market has been revitalized by a mixture of expanding colorways and form factors that appeal to design-focused shoppers, as well as updated features like Bluetooth to keep up with the wider trend towards connectivity in audio."
The Fresh Market will open a store in Columbia, S.C., this week under a new format that offers more everyday and traditional groceries, local products and a Mind & Body department featuring vitamins, minerals and supplements under a store design that includes signage to make navigation easier and guide shoppers with dietary restrictions. The retailer also announced that it will close five stores in New Jersey, New York, Virginia, Florida and Illinois.
Men and women are almost equal when it comes to grocery shopping, with women accounting for 51% of grocery shoppers and spending an average of $2.73 more per trip than their male counterparts, according to a study from analytics firm VideoMining. The study also found that 68% of shopping trips include 10 items or less, and 20% of consumers shop only on store perimeters, compared with 12% in 2012.
Chinese electronics firm TCL is seeking approval from the US government on an investment in an unnamed US technology company that could be worth as much as $300 million. TCL Chairman Li Dongsheng has urged the Trump administration to approve the deal, which would help the company transform itself from being a big player in China's devices market to a global technology powerhouse.
Wal-Mart will focus on technology and investing in its employees to boost customer service and offer advancement opportunities, the retailer said in an annual report. The moves are part of Wal-Mart's bigger goals that include easing the lives of busy families, handling operations in a disciplined manner and establishing itself as the most trusted retailer.
Sweden-based furniture retailer IKEA will increase the amount of inventory it sources from India from €318 million currently to €600 million by 2020 to meet the country's rule that foreign retailers source 30% of their inventory locally. IKEA's first two India stores are slated to open next year, and the company aims to grow to 25 stores in the country by 2025.
Fifty-nine percent of broadband households visit online video sites regularly, while 39% visit a video-sharing site at least once per week, a Parks Associates survey has found. The 18-to-24 demographic visits a sharing site an average of 13 days per month, the survey found.
Tech industry leaders, including Facebook CEO Mark Zuckerberg and Oculus chief scientist Mike Abrash, are focusing on developing augmented reality for use in gaming. Newzoo predicts that the gaming sector is on pace to become a $108.9 billion market in 2017.
The Samsung Galaxy Apps Store is a standard feature on each of Samsung's smartphones, which is helping the store steadily gain market share against its two biggest rivals, Apple and Google. At 24 million monthly active users, the Galaxy Apps Store has quadrupled its US footprint since 2015.
A new Raley's store in Sacramento, Calif., features a section dedicated to probiotics, an organic food bar, a wellness section and wellness specialists on staff, signaling the retailer's chainwide move toward a bigger focus on health and wellness that also includes expanding organic selections and eliminating the sales of tobacco products. The move is reflective of a bigger trend across the food retail industry that caters to shoppers demand for food that helps them maintain healthy diets and manage their health, FMI reported.
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