Industry News
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Top stories summarized by our editors
7/23/2021

Home Depot is turning to Bluetooth technology to stop shoplifters from taking power tools without affecting the shopping experience for customers. The technology, which was tested at a few stores and will now be rolled out to all Home Depot stores in the US, will keep the tools from working until they are activated at the point of sale.

7/23/2021

Gap is seeing a resurgence in its popularity among young consumers, through its collaboration with Kanye West's Yeezy brand, Generation Z influencers featuring the brand in social media content and the growing number of posts using the #GapHoodie hashtag on TikTok, which led to a rise in site visits and online sales of its logo hoodies. To capitalize on the attention, Gap released limited-issue brown logo hoodies this summer -- $59.95 sweatshirts that are going for more than $200 on resale sites -- and joined with TikTok to let users help pick which color of the logo hoodie should be released next.

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Refinery29
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TikTok
7/23/2021

The Armani Group said it plans to decrease some greenhouse gas emissions levels by half before 2030 to adhere to the Paris Agreement for climate change. "Fighting climate change is a very complex undertaking that requires great dedication and must cover the entire production process. Therefore, I am particularly proud of this important step," Giorgio Armani said.

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FashionUnited
7/23/2021

Bed Bath & Beyond CEO Mark Tritton says the way consumers view the home has changed, and he is incorporating that into his plans for the retailer. "Discretionary spending on the home is here to stay, because it is where people feel safe and comfortable, and they want to express themselves," Tritton says.

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Reuters
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Tritton
7/23/2021

Active wear brands are looking to build on pandemic-era growth by offering "workleisure" options for consumers returning to the office. Direct-to-consumer brand Rhone sells chinos, button-down shirts and other commuter-friendly clothing made with the performance material used in its active wear products, and non-active styles have grown to account for half of 2021 sales for active wear brand Vuori.

7/23/2021

Home Depot will continue its partnership with Alphabet-owned Google Cloud, which has allowed the home improvement retailer to add a rental service for heavy equipment through its mobile app and incorporate artificial intelligence into its inventory operations, among other cloud-enabled efforts. With the extended partnership, Home Depot will focus on enhancing services it already offers and adding new ones, including a tool to accurately estimate costs for kitchen renovations, Chief Information Officer Matt Carey said.

7/23/2021

Crocs CEO Andrew Rees reported that shoe sales were almost twice as much in the three-month period that ended June 30 compared to the same period in 2020, coming in at a record £465 million. The clogs' popularity increased during the pandemic and the trend will likely continue due to social media campaings and celebrity endorsements.

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Andrew Rees
7/23/2021

China-based fashion brand Shushu/Tong is attracting buyers with its fun, frivolous designs reminiscent of a time before the pandemic. The company opened an online store on Alibaba's Tmall in December, resulting in both increased sales and attention from European retail channels.

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The Week
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Tong
7/23/2021

Jokr, a German startup that aims to make deliveries of retail merchandise within 15 minutes, raised $170 million in a funding round. With the new capital, it plans to expand to other European countries and the Americas.

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Reuters
7/23/2021

The A Modo Mio Voicy from Lavazza is the first coffee maker that incorporates Amazon's Alexa. The voice assistant lets home chefs command the machine to make coffee, adjust the temperature and even change the machine's volume, among other things.