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Top stories summarized by our editors
1/15/2021

Vehicle-to-vehicle technology is in development to improve safety via communication. Ford's driver-assistance system can alert motorists to nearby bicycles using Bluetooth 5, and Trek is developing flashing bike taillights that are triggered by sensors.

1/15/2021

Holiday season retail sales were up 8.3% in 2020 compared to the same period in 2019, according to a report from NRF, which in November forecast an increase of between 3.6% and 5.2%. "Faced with rising transmission of the virus, state restrictions on retailers and heightened political and economic uncertainty, consumers chose to spend on gifts that lifted the spirits of their families and friends and provided a sense of normalcy given the challenging year," NRF President and CEO Matthew Shay said.

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CNBC
1/15/2021

Marc Lore, Walmart's US e-commerce leader, will leave the company nearly five years after the retail giant acquired his startup Jet.com and Lore joined to help steer Walmart's growing e-commerce efforts. Lore, whose other startups include Quidsi, which was acquired by Amazon, said he'll retire from the company at the end of January and plans to keep working with startups.

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CNBC
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Walmart
1/15/2021

In an effort to build up local minority businesses, Stop & Shop and the grocer's NextGen Associate Resource Group are investing $55,000 in the Greater New England Minority Supplier Development Council. The investment will allow the council to expand its development program, which currently works with 250 companies, and support the integration of minority businesses into the Stop & Shop supply chain throughout the Northeast.

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Progressive Grocer
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Stop & Shop
1/15/2021

Schnuck Markets has launched the Restaurant Selections by Schnucks program, which offers restaurant-inspired entrees with a different theme every two months. Displayed in the deli case, the choices for January and February reflect the "Eat Good to Feel Great" theme and include roasted salmon, smokehouse rotisserie pork roast and turkey stuffed peppers.

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Schnuck Markets
1/15/2021

From protein patties to a special compostable wrap for its English cucumbers, a recent podcast from Trader Joe's explored some of the top products driving the booming trend in vegan and plant-based offerings. The list also includes meatless products based on traditional meat, chicken and seafood favorites, ground beef without the beef and vegan banana bread.

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Trader Joe
1/15/2021

Microsoft is working on a patch for a Windows 10 vulnerability that can corrupt a hard drive if the user opens a folder with a shortcut that contains a hidden threat; the hard drive is also at risk if the user extracts the ZIP file. The fix may require the corrupted data to be repaired manually.

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The Verge
1/15/2021

Demand for Uniqlo's casual apparel fueled a 23% increase in the most recent quarterly operating profits for Japan-based parent Fast Retailing. Markets including China and Vietnam, where the pandemic was manageable, outperformed expectations, while stores in Europe and North America struggled, the company reported.

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Bloomberg
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Uniqlo
1/15/2021

Benchmarking your results against historical data or the performance of other businesses can provide insight about potential areas of improvement, writes Nicole Fallon. Fallon lays out steps for a typical benchmarking process, including identifying relevant metrics, implementing an action plan and monitoring progress.

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Business News Daily
1/15/2021

Over 85% of all industrial real estate leasing activity in 2020 was in the logistics sector, and total leases for the year set a record of 659 million square feet, according to Cushman & Wakefield. The real estate services company said tight space availability led to rising rents, with an average rent increase of 5.6% for warehouse and distribution properties.