Strategic partnerships help Keurig advance its sustainability agenda, says Chief Sustainability Officer Monique Oxender. Keurig was one of the first firms to join the Closed Loop Fund, which aims to improve recycling and create end uses for recycled materials.
Amazon is on track to become the biggest apparel retailer in the US this year, as millennials shift more of their shopping online, according to research from Morgan Stanley. Amazon currently follows Walmart while Target, Kohl's and T.J. Maxx round out the top five.
High-end home stereo brand McIntosh's invitation-only showroom in New York City's upscale SoHo neighborhood sits in a 12,000-square-foot former power plant space that's designed to resemble the luxury homes of the brand's wealthy fans. "The idea is to immerse the guests in what the ultimate house would be with McIntosh Group products," Senior Marketing Manager David Mascioni said.
One hundred percent of US households make a purchase from the bakery category at least once a year, and growth is expected to increase if bakery firms work to drive it, said Todd Hale, principal of Todd Hale Associates. He suggests several growth strategies, such as new techniques to jazz up center-store sales and digitizing marketing programs to attract more baked-goods shoppers.
Ordinary users will be able to add skills to their Alexa voice devices using Amazon's newly introduced Alexa Skill Blueprints. The Alexa Blueprints website provides 20 skill Blueprints as starting points for creating personalized skills.
Walmart and Amazon in recent weeks have separately initiated negotiations to acquire controlling stakes in India-based e-commerce company Flipkart. Flipkart is seen as a key piece to gaining control of India's e-commerce market, as Indian consumers regard it as a highly trustworthy brand, Itika Punit writes.
Japanese e-commerce company Rakuten has received final clearance to become the country's first new mobile carrier in 13 years. Rakuten, which plans to spend around $5.6 billion to build a fourth-generation mobile network, expects to offer its online retail customers a suite of mobile services.
Around 12 million independent neighborhood shops in India, known as kiranas, are beginning to see the benefits of incorporating technology into their operations. While only 13% of kiranas in major cities are using tech tools, nearly 70% are willing to incorporate technology, including digital inventory management and mobile commerce, according to consulting firm RedSeer.
Sweden-based iZettle launched a platform this week that lets retailers establish online stores, collect payments and link to in-store inventory. The financial tech company, whose mini card readers compete with Square, will roll out the new platform in Sweden and the UK first.
From artificial intelligence to blockchain, retailers are increasingly using technology to improve the customer experience. Although blockchain is most commonly associated with payments like Bitcoin, it can also be used in advertising, loyalty programmes and supply chain management. Upfront Ventures Principal Michael Carney highlights four ways retailers can use blockchain. Read more.