Wal-Mart will create about 10,000 jobs in the US this year through expansions, store openings and the retailer's e-commerce plans, the company said. Wal-Mart, which employs about 1.5 million Americans, will invest $6.8 billion in capital expenditures in the US.
J.C. Penney has allotted 500 square feet of space in menswear for Nike shops in 600 stores and has added women's, children's and special sizes to its Nike lineup and new online categories including treadmills, ellipticals, weights and exercise balls. Meanwhile, Kohl's is adding Under Armour apparel to its activewear selection after opening 12 Fila Sports outlets in the fall.
The Hypersuit, a virtual reality suit designed to fully integrate the user into the VR experience, was rolled out as a prototype by a Paris-based startup company of the same name. The suit works through a network of sensors that detect a user's movements, and the company hopes to begin shipping it in June.
Germany-based discount grocer Lidl will open three stores in Cumberland County in southern New Jersey, including one store that will be adjacent to a ShopRite location. The region's supermarket lineup also includes Aldi and Save-A-Lot.
The New York Harbor container terminal in Bayonne, N.J., is now using a reservation system for trucks picking up and dropping off cargo at part of the busiest port complex on the East Coast. Terminal operators hope the procedure will eliminate long lines of trucks at the gates.
Lenovo is facing challenges in revitalizing the Motorola brand, which Lenovo purchased in October 2014 for $2.91 billion. Chief Executive Yang Yuanqing notes that the company may have misjudged the challenges of reintroducing this brand, saying, "We underestimated the differences of the culture and the business model."
Australian retailer Woolworths has hired Tesco executive Claire Peters as its new supermarket managing director. Peters, who is the UK grocer's operating chief in Thailand, will start her new post in July.
Retail's future will be centered around creating customized products and providing shoppers with experiences, leaders from MasterCard, Shoes of Prey and Indochino said this week at Retail's BIG Show. Both Shoes of Prey and Indochino use technology to offer shoppers custom, experiential shopping, allowing Shoes of Prey shoppers to mix and match materials, shapes and heels to create custom footwear and Indochino shoppers to use their measurements and style and fabric preferences to create lower-cost custom suits.
As computer power continues to increase, AI moves onto the cloud, machine learning grows and AI makes its way into business models, retailers must be ready for automation and the Fourth Industrial Revolution, which will include the integration of the biological, physical and digital worlds, GDR Creative Intelligence CEO Kate Ancketill said at Retail's BIG Show. Retailers can adapt now by integrating technology such as distributed systems, conversational interfaces, adaptable mechanisms and device-to-device networks, she said.
From the changing nature of entry-level retail jobs and the increasing role of tech in retail stores to NRF's new RISE Up initiative, retail jobs have been a major focus at Retail's BIG Show this week. "We know how exciting these retail jobs are. We just have to make sure everyone else does," The Container Store co-founder and Chairman and NRF Chairman Kip Tindell said.
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