The wholesale division of Indian e-commerce company Flipkart has received an investment of $201 million from its Singapore-based parent company. Flipkart is expected to spend heavily in the coming years as a result of growing competition from Amazon.
Levi Strauss & Co.'s commitment to values as well as value drew CEO Chip Bergh to the company in 2011, and since then he has led a turnaround that has revived the brand's role as a cultural icon. Bergh, who received "The Visionary" award from NRF, shares his story in an episode of "Retail Gets Real."
Clean-makeup brand Westman Atelier launched an e-commerce site Thursday featuring its six-product line. The brand aims to use the site to create value with original content for the line, which launched last year at Barneys New York and Violet Grey.
Retailers and brands including Gap, Calvin Klein and Ralph Lauren have or soon will close their flagships on New York City's Fifth and Madison avenues. The rise of e-commerce and the emergence of off-price outlet stores have put particular pressure on retailers operating in Manhattan's highest-rent areas.
Click-and-collect technology provider Doddle is expanding to the US. The UK-based company, which gives online shoppers the option of picking up purchases at stores, has retail partners including ASOS and Debenhams.
Reinventing an American icon is no easy task. On the "Retail Gets Real" podcast, Levi Strauss & Co. President and CEO Chip Bergh -- winner of NRF's "The Visionary" award -- gives insight into strategically seizing opportunities for growth, pursuing "profits through principles" and championing innovation. Listen.
US tariffs on aluminum imports and Chinese restrictions on scrap imports have created business for aluminum recyclers who can process scrap into new metal. Aluminum composed of recycled scrap had never been the majority of the US market until 2018, according to data analyzed by Harbor Aluminum Intelligence Unit.
Used-car auction site BacklotCars has raised $8 million in its Series A funding round. The company buys its cars mostly from franchised car dealers and says it has over $100 million in annualized transaction volume.
Offering examples of businesses that are successfully marketing on Instagram, Rhonda Abrams explains how entrepreneurs can follow suit. Small businesses with physical locations should consider creating an "Instagram pic of the day" program and adding design features that encourage visitors to snap pictures, she writes.
January is a good time to reflect on last year's successes and encourage employees to set goals for driving revenue and developing their skills in 2019, writes Brandon Klein. "Once department and company goals are set, you can then look at the tools, services and partners you are or aren't going to need to achieve them," he writes.
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