A significant drop in cocoa prices over the past nine months is hurting farmers and fueling civil war fears in Ivory Coast, the African country that produces more than 40% of the world's cocoa supply, according to Euromonitor International. Cocoa prices fell to nearly a 10-year low amid an oversupply and falling demand for chocolate.
Chicago-based beauty and spa brand Bluemercury has grown to around 140 stores with 40 more on the drawing board since Macy's bought the company in 2015. "I bet I could open 60 stores in Manhattan, 40 stores in Chicago, 50 in the greater Chicago area, and that's my intention," founder and Chief Operating Officer Barry Beck said.
Menswear brand Kith launched its second capsule collection last week at Bergdorf Goodman, which has increasingly teamed with trendy menswear designers to woo younger consumers in recent years. "The goal was to create product that was relevant to both the Kith and the Bergdorf consumer, thus dispelling the idea that these two types of customers can't shop in the same place," Kith owner Ronnie Fieg said.
Regional malls like the one in Pueblo, Colo., that serve small towns are holding their own in the age of online shopping by serving as community hubs. Pueblo Mall draws shoppers from small Western towns hundreds of miles away, and with 1,100 employees it's one of the town's largest employers.
Several retailers are serving as examples for others looking for ways to embrace digital technology to boost sales and brand awareness, writes Firebrand Group founder and CEO Jeremy Goldman. Amazon, Cosabella, Lowe's and Starbucks have implemented tech tools from ordering apps to service robots.
Amazon has won approval from the UK Intellectual Property Office for two trademarks associated with its Amazon Go grocery concept, and an EU agency is also reviewing trademark applications. Amazon Go stores would be checkout-free, allowing shoppers to take what they want and be automatically charged when they leave.
Online luggage retailer Away has sold 100,000 pieces since February of last year and the company has raised $20 million in new funding, and plans to open up to six brick-and-mortar stores this year, CEO Steph Korey said.
ATSC 3.0's features, including immersive audio and high-resolution video, would push more consumers to purchase smart TVs, per a SmithGeiger study. The intent to purchase rises 19%, with 74% of respondents expressing interest in purchasing a smart TV over the next 12 months because of those features, the study found.
Three in five companies anticipate being affected by a breach this year, per a SailPoint study. The study also found that 35% of respondents had been affected by a data breach two or more times over the past 12 months, and one-third of respondents said they would not even be able to tell if they were breached.
Samsung is planning to unveil a multidirectional stretchable OLED display this week. It's expected that the company will show off its 9.1-inch screen, which Samsung claims can expand up to 12 millimeters when pressed without losing high resolution.