Seattle-based Amazon uses its hometown to test out and tweak new concepts before rolling them out on a larger scale, and a tour of the city offers hints about what may be coming next. "Experimentation is embedded in Seattle's DNA," so "you can get early feedback on how people use your product, and they will also be fairly forgiving on the hiccups," said University of Washington business professor Jeff Shulman.
Michael Kors is in advanced talks to acquire Italian fashion house Gianni Versace, in a deal valued at about $2 billion, sources said. Last year, Kors paid $1.2 billion for luxury shoe brand Jimmy Choo, marking the beginning of its quest to become a US-based luxury conglomerate.
The rapid return of Carson's and other Bon-Ton banners to online retail after the liquidation and closure of the company's stores highlights a growing trend. Retailers including Circuit City, Wet Seal and The Limited have also made online comebacks, betting they have enough fans left to support their brands on a smaller scale.
Crate & Barrel says the US-China trade war won't cause it to move its manufacturing operations to the US. If it needs to move production, the home goods retailer would move to a European country or another Asian country.
French fashion brand Ba&sh won't stress its Parisian roots as it grows in the US, opting instead to focus on the in-store experience it's creating, said Ba&sh North America CEO Sarah Benady. LVMH's L Capital owns a 50% stake in the brand, which opened a New York City store Friday that includes items shoppers can borrow for the weekend and an in-store shop where customers can discover new brands.
Under a new deal, Swiss chocolate-maker Barry Callebaut will provide Burton's Biscuits with chocolate and compound, while it will acquire Burton's chocolate manufacturing assets at a site near Liverpool, England. The transaction is expected to finalise by the end of December.
Jason "Retailgeek" Goldberg, senior vice president at Sapient Razorfish, chats about the tech trends that will shape the holiday season and 2019 in a special edition of NRF's "Retail Gets Real" podcast recorded at the recent Shop.org 2018 conference in Las Vegas. Listen.
Paul Svensson is the head chef at two Swedish restaurants and is creating high-class cuisine that produces zero food waste. Examples include cooking composted onion with fresh onions and crushing blue mussel shells to remake into plates.
Remanufacturing is good for the US economy and its trade deficit with China, argues Clyde Eirikur Hull. Examples of remanufacturing include General Motors, which participates in an online platform for selling and buying recycled waste.
The Egyptian government has enacted a consumer-protection law that will become effective in three months. This law gives consumers the right to uncontested returns of products within two weeks and 30 days to exchange faulty products for a full refund, among other provisions.
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