About 20% of US mattress sales now happen online, a trend that's driving change for traditional retailers, but there's still plenty of demand for physical showrooms. "Online retailers such as Casper, Warby Parker and even Amazon have discovered that to grow the market, they need to appeal to both online and store shoppers," Edward Jones analyst Brian Yarbrough said.
As customers increasingly demand more payment options, it's important small-business owners make smart decisions when choosing a credit card processor. Here is a closer look at the issue, including a description of card processing and factors to consider when selecting a vendor.
News that PepsiCo is restructuring and acquiring Muscle Milk maker CytoSport from Hormel proved most popular with food-and-beverage readers this week. Stories about Blaze Pizza's plan to test bigger pizzas and Walmart's digital shelf tag test also landed on this week's top 10 list.
A winter coat called the Thickened Down Jacket from China-based Orolay has become such a hot seller on Amazon that it's been dubbed the "Amazon coat" on social media. The $129.99 garment, which comes in five colors, has received more than 6,000 reviews from Amazon shoppers.
The CEOs of Lowe's, Petsmart and Walmart will share their ideas on the topic of "customer centricity" with other executives and students at the Terry J. Lundgren Center for Retailing's annual Global Retailing Conference in April. NRF President and CEO Matthew Shay is also on the list of speakers.
Xiaomi's upcoming XiaoAI Touchscreen is designed to compete with Amazon and Google smart speakers, and it may receive its own Xiaomi-created digital assistant. The device's open beta period will begin next week, thought market release plans are unclear.
Google announced that Nest Guard would get Google Assistant functionality and unintentionally revealed that the device has a hidden microphone of which users were unaware. The company reported that this was an unintentional oversight and that the microphone was not intended to be hidden from users.
The cost of smart TVs has gone down due to several factors, including competition, supply costs and the ability to monetize consumer viewing via ads on the devices. Creators compare the phenomenon to the Nielsen ratings of old, in that they're able to determine which shows gain the most attention and monitor audience demand.
Southeastern Grocers will close 22 store locations including 10 Bi-Lo and Harveys stores in South Carolina. The parent company closed 94 underperforming stores during its bankruptcy reorganization, from which it emerged last May.