Many questioned Kohl's decision to partner with Amazon inside its stores, but Chief Merchandising and Customer Officer and incoming CEO Michelle Gass said there is "plenty of room" in the retail landscape for the department store chain and the online retail giant, and that the partnership is an opportunity to bring more customers into Kohl's stores. "The No. 1 priority is to actually drive traffic and we're experimenting with a lot of things to do that," Gass said.
Neiman Marcus has published its annual Christmas Book, including its famous list of extravagant gifts worth millions of dollars. This year, the book's "Fantasy Gifts" section includes a helicopter ride over California with photographer Gray Malin, two handcrafted Rolls-Royces, a collection of Madame Alexander dolls, and trips to France, New York City's Times Square on New Year's Eve and a Zambian emerald mine, complete with personalized jewelry created by Stephen Webster.
Amazon will expand its Treasure Truck program to more cities including Baltimore, Philadelphia, Denver and San Francisco, bringing the service to 25 US markets. The online retail giant's Treasure Trucks were launched in early 2016, and they offer local and trending products at discounts.
Walmart is in the midst of striking a deal to give Lord & Taylor dedicated selling space on the retail giant's e-commerce site, a source said. The deal is part of a bigger possible plan to create a mall-like space online that could eventually include other retailers such as Bonobos and Jet.com, the source said.
Freight companies will likely deliver 9,500 loads of commercial and government relief cargo to Puerto Rico by week's end, about a 40% increase in capacity since Hurricane Maria in September, according to Crowley Maritime. FEMA is working with Crowley to prioritize food and necessary supplies as manufacturers and retailers return commercial shipments to normal levels.
E-commerce giant Amazon is expanding its presence in Brazil by offering a marketplace for electronics and appliances, the company said. Amazon entered Brazil in 2012, initially selling e-books only.
Being an executive is more than just a title; it's also having executive presence, or an outward appearance that's based on behaviors developed within, writes Mary Jo Asmus. She describes the importance of being purposeful in your words and how to practice displaying executive presence.
Consumers are in a good place to spend, and retailers are successfully adapting to the changing shopper landscape heading into the holiday shopping season, NRF President and CEO Matthew Shay said. "It's like a tectonic plate shifting -- it's very different but retailers are figuring it out," he said.
Streetwear brand Supreme operates 11 stores and maintains its brand on an underground reputation that relies on product scarcity and word-of-mouth marketing. The skateboarding apparel retailer, which was founded in 1994, has been valued at nearly $1 billion, which is more than 900-store teen retailer Abercrombie & Fitch.
The retail industry is on the cusp of tremendous change and innovation, which has proven to be both exciting and challenging for retailers and NRF, which has worked to evolve with its members since its founding in the early 1990s. "What's different about today is that the pace of change has accelerated so dramatically, and it's all very transparent. It's all happening right before our eyes," NRF President and CEO Matthew Shay said.
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