The redesigned Hennes & Mauritz flagship in Paris features clothing repair, customization services and natural detergents as part of a push to add a fashionable flair to sustainability efforts. The 50,000-square-foot, six-floor store also includes children's apparel and a 4,000-square-foot home goods section.
Buyers for retailers including Barneys New York, Bergdorf Goodman and Selfridges found plenty to like at the Milan Fashion Week men's shows, including streetwear collections and styles that hark back to the trends of the 1980s and '90s. "From neutrals to rich spice hues to neon, it is the season of color," said Roopal Patel, fashion director at Saks Fifth Avenue.
Kroger was named one of the top 100 places to work in information technology by ComputerWorld, ranking 58th among top organizations across the US. Kroger was noted for developing many of its software solutions in-house.
One year after its acquisition of Whole Foods Market, Amazon has just begun to drive change and innovation across the grocery sector, analysts agreed. "The deal has served as a pointed wake-up call to brick-and-mortar grocers that they could no longer ignore the threat of e-commerce generally, and Amazon specifically, to their businesses," said Ken Fenyo of McKinsey Fast Growth.
One long-term market headwind for grocers will be Americans' increasing habit of dining out instead of cooking at home, which seems to be picking up steam. In 2016 consumers spent 44% of their food dollars on prepared foods, which includes ready-to-eat purchases from groceries, according to the US Bureau of Labor Statistics.
GameStop has received buyout interest from private-equity firms, including Sycamore Partners, and is in talks about potential deals, sources said. The retailer has carved out a niche in used games, but it's struggling to boost sales as more gaming shifts to online streaming.
CVS Health has teamed with the US Postal Service to offer one- and two-day delivery of prescriptions and some over-the-counter purchases for a per-delivery fee of $4.99. The national launch comes amid growing competition from Amazon, which is expanding its sales of medical supplies and considering prescription sales.
BJ's Wholesale Club expects to raise as much as $637.5 million in an initial public stock offering of shares priced between $15 and $17. The retailer, whose 215 stores compete with Costco Wholesale and Sam's Club, was taken private in a $2.8 billion buyout seven years ago.
Retailer Christine Hoffman's frustrating search for a reliable source of local, pesticide- and fertilizer-free flowers led her to launch Twin Cities Flower Exchange. The startup recently opened for its second season, selling locally grown, chemical-free flowers to wholesalers in St. Paul, Minn.
General Motors recently wrapped up a multiyear effort to reorganize IT operations and bring them in-house, says Chief Information Officer Randy Mott. GM has automated tasks and consolidated its footprint, focusing on two enterprise data centers and four geographically situated innovation centers.
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