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.
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.
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.
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.
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.
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.
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.
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.
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.
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