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Top stories summarized by our editors
4/15/2021

Shoppers spending relief checks on new tops, jeans and leggings are expected to fuel first-quarter revenue of more than $1 billion for American Eagle Outfitters and its Aerie brand, and growth is on track to continue in the coming months, the company said. "People will want to spend [and] people are going to want to go out and they're going to want to get back to what was normal before," CEO Jay Schottenstein said.

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CNBC
4/15/2021

Wedding retailers struggled in 2020 as the pandemic forced couples around the country to cancel or reschedule their plans, leading to a $30 billion drop in wedding spending in 2020, according to The Wedding Report. Now, retailers including Kleinfeld's and David's Bridal are gearing up for significant growth this year as ceremonies are once again scheduled and brides-to-be are making plans for 2022 and 2023 weddings.

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Kleinfeld
4/15/2021

In his last letter to shareholders, Amazon CEO Jeff Bezos stressed the need for the company he founded to address workforce challenges and extend the same care it offers customers to its employees. "Despite what we've accomplished, it's clear to me that we need a better vision for our employees' success," wrote Bezos, who will turn over the CEO reins to Andy Jassy later this year.

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CNBC
4/15/2021

Walmart is making more of its workforce full time and said 66% of its US store hourly jobs will be full time, up from 53% five years ago, by Jan. 31. The move is in response to improved worker retention as well as the lower need for staffing at odd hours due to higher at-home deliveries.

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The Associated Press
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Walmart
4/15/2021

Kroger and UK-based Ocado have opened the first of up to 20 fully automated fulfillment centers, which use artificial intelligence, robots with totes and a proprietary control system to pick and pack deliveries. "This could not come at a better time and is really helping us accelerate the growth and capture all of that growing demand from our customers," said Kroger's Yael Cosset.

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Yael Cosset
4/15/2021

With a goal of opening 1,050 stores this year, Dollar General announced it will hire 20,000 workers during spring, including store clerks, warehouse workers and truck drivers. Dollar General plans to double its store count of more than 17,000 stores.

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CNN
4/15/2021

Tokyo-based Noritsu Koki Co., Ltd. (TSE:7744) (NKC) has agreed to acquire JLab for $370 million from its previous private equity owner and the transaction is expected to close in the second quarter of 2021. NKC will provide JLab with additional resources to continue its forward progression, including product innovation and further retail expansion worldwide.

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TWICE
4/15/2021

Nationwide Marketing Group is proud to announce that it has received the 2021 ENERGY STAR Partner of the Year--Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy for the 7th year in a row.

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TWICE
4/15/2021

TCL is officially making OLED TVs, after the company announced a 2023 launch window for its own take on the premium television tech - and it could be great news for your wallet. OLED is an expensive technology compared to traditional LCD televisions, even though ramped-up manufacturing and wider adoption is seeing prices gradually drop. But TCL's preferred method of making OLED panels will, it tells us, be significantly cheaper, with those savings making much lower RRPs likely when the televisions launch.

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TechRadar
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TCL
4/15/2021

Despite the iPhone 12 mini being the best small iPhone currently available, a new leak says that the iPhone 13 mini could be the last time Apple makes a small flagship smartphone.

According to a new research note seen by iMore, analyst Ming-Chi Kuo predicts that Apple plans to ditch the small 5.4-inch iPhone in favor of two 6.1-inch models, alongside two larger 6.7-inch models, with a 'Pro' version of each next year.

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iMore