Multichannel Retail
Top stories summarized by our editors
1/22/2018

News that Walmart and Target have raised their starting wage reflects a tighter labor market as demand for retail employees remains high. Retail job openings hit a high of 711,000 in November, according to NRF data.

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labor market, NRF, Walmart, Target
1/22/2018

New York Gov. Andrew Cuomo's budget proposal includes a provision that would allow retailers to operate in-store medical clinics. Under the provision, retail clinics would offer care for minor illnesses and injuries and work with medical providers to refer patients needing additional care.

Full Story:
Daily News (New York)
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Gov. Andrew Cuomo
1/22/2018

Germany-based Bosch Group is exploring the idea of opening appliance stores in India, after the government announced plans to make it easier for foreign retailers to open shops. The company sells Bosch and Siemens brand appliances, and it's debuting a luxury brand called Gaggenau in the country.

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Bosch Group, Siemans
1/22/2018

Despite a strong 2017, retailers are still working to find the right balance of physical stores and are likely to close more locations as shopping continues to shift online, according to attendees at Retail's Big Show. "It's not that the industry is dying, we're in a correction," Deloitte Vice Chairman Rod Sides said.

1/22/2018

Smaller merchants are finding growing success by creating experiences that draw in shoppers in the age of digital shopping. "We have to go where the online guys can't go," said Jennifer McLeod, who opened the Primrose Shop in Orlando, Fla., in 2003.

1/22/2018

Swiss luxury conglomerate Compagnie Financiere Richemont has made a $3.4 billion bid to buy the 75% of upscale fashion e-commerce firm Yoox Net-a-Porter that it doesn't already own. The move by Richemont, parent of brands including Montblanc and Cartier, comes as wealthy consumers grow increasingly comfortable buying big-ticket luxury goods online.

1/22/2018

Supermarket chains ASDA and ALDI will stop selling highly-caffeinated energy drinks to children under 16 in the UK beginning in early March. The retailers cited rising concerns about the impact of the beverages on young people.

Full Story:
BBC
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Asda
1/22/2018

Christiano Portas has been named CEO of Italy-based fashion retailer Stefanel, succeeding interim chief Stefano Visalli. Portas formerly served as the top executive at swimwear brand Arena.

1/22/2018

Fashion portal LimeRoad will soon launch brick-and-mortar shops in India that will be owned and run by its sellers under franchise agreements, the company said. LimeRoad expects to open up to 3,000 franchise stores in the next few years.

1/22/2018

Canada's manufacturing sales rose 3.4% to a record high of $55.5 billion in November, according to Statistics Canada. Sales increased in 12 of 21 categories and in nine of Canada's 10 provinces.

Full Story:
CBC News (Canada)
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Statistics Canada