Under Armour will take over the former FAO Schwarz Fifth Avenue flagship in New York to open its own 53,000-square-foot flagship there in about two years, CEO Kevin Plank said. The athletic wear retailer will also start selling its wares at Kohl's stores next year, after Sports Authority's bankruptcy caused Under Armour to lower its revenue forecast.
LVMH Moet Hennessy Louis Vuitton has seen falling sales from Asian and American tourists who have been driven away from Europe due to recent terrorism events, but the retailer is still seeing strong results from its Hennessy cognac products in China, its Sephora stores and Louis Vuitton customers in the US.
Whole Foods Market has filed an application to trademark the slogan "world's healthiest grocery store." The retailer trademarked the slogan "America's healthiest grocery store" in 2012, but Whole Foods is looking to update the slogan as the company plans to further its presence in Canada and the UK.
Kroger banner Harris Teeter will open the first major full-service grocery store in downtown Raleigh, N.C. The 55,000-square-foot store, which will be constructed starting next year, will include a click-and-collect service, pharmacy, prepared foods center and outdoor seating.
Millennial shoppers with children are 50% more likely to grocery shop online than the average American, according to a survey from the Coca-Cola Co. Convenience is the most-cited reason for shopping online at 35%, with prices ranking second, the survey found.
Bellabeat has unveiled its next-generation, leaf-shaped health tracker and mobile app aimed at helping women monitor sleep, activity, stress and more. Dubbed the "Leaf Urban," the gadget is designed to be aesthetically pleasing and can be worn as a bracelet or a brooch or strung as a pendant on a necklace.
Apple, Starbucks, eBay, Barnes & Noble and Nike were named as the top five most powerful retail brands, according to a report from Tenet. The rankings looked at brands from industries including consumer goods, technology, restaurants and electronics, in addition to retail.
Sears Canada announced Monday that President Carrie Kirkman will leave her position in August, but she could still work with the company as a brand development advisor. Kirkman was hired in November to increase sales by targeting older and younger moms.
ConAgra has divested its JW Swank ingredient sourcing and distributing and Spicetec Flavors & Seasonings units to Platinum Equity and Givauda, respectively, for a total of $488 million, said CEO Sean Connolly. "The completion of these two divestitures is another step on our journey to becoming a more focused and higher performing company," Connolly said.
Amazon is expanding its Prime service to 100 cities in India, offering shoppers one- and two-day delivery on Prime merchandise. Indian customers can get two-month free trials and a discount on the service for a limited time, and Amazon also has plans to launch its Prime Video service in the country.
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