Albertsons investor Cerberus Capital Management has held early talks with bankers about the possibility of bidding to buy Whole Foods Market, according to a Financial Times report. Albertsons' previously reported merger conversation with Sprouts Farmers Market has not progressed, the report said.
Retailer Sportsman's Warehouse Holdings will reportedly bid for up to 80% of the stores owned by Gander Mountain, which filed for bankruptcy protection last month. Sportsman's, which operates nearly 80 stores in 22 states, hasn't yet decided whether it would keep the Gander Mountain name or rebrand the stores, sources said.
Hasbro has outpaced rival Mattel in quarterly revenue for the first time in 17 years. Last year, Hasbro won the international rights to make dolls based on Disney Princess characters away from Mattel.
Hong Kong, once a shopping magnet that attracted more than 3 million tourists from mainland China every month, has seen sales and tourism slide over the past two years. Retailers in Hong Kong can revive the area's fortunes by appealing to bargain hunters, creating the right mix of interesting shops and stressing the opportunity for outdoor adventures, writes JLL executive James Assersohn.
UK supermarket chain Morrisons has added misshapen asparagus from farmers in Herefordshire, England, to its 14-item line of low-priced crooked produce. As much as 15% of the spring crop has grown in unusual shapes after warmer-than-usual early spring days caused the vegetables to sprout early.
Adidas makes about 1 million sneakers each year through automated manufacturing, but that is less than 1% of its total production. Robots still struggle with dexterous tasks, such as lacing up shoes.
The startup Desktop Metal will prototype a 3D printer that it hopes will enable easy, scalable manufacturing of metal parts. The printer uses a metal powder mixed with a flowable polymer binder, which is then put in a special microwave oven to burn off the polymer while strengthening the metal.
Grocery delivery service Instacart is speeding up its growth in the US after raising $400 million in funding, with the goal of being available to 80% of US households by next year. Instacart will need to hire 1,000 more people to shop and make deliveries, as the company expands into four new markets this week, bringing its presence to 45 total US markets, according to Vice President of Product Elliot Shmukler.
Retailers are scrambling to revamp stores with new experiences that bring shoppers back, said Jeremy Bergstein, president of retail tech vendor The Science Project. Boot retailer The Frye Co. implemented interactive mirrors at its store in San Francisco that lets customers browse through product options by holding a leather swatch up to the screen.
Online tuxedo rental service The Black Tux has opened in-store shops at six Nordstrom department stores. Customers of The Black Tux, which also operates four standalone showrooms, go online to schedule in-store consultations and fittings, and then can place orders both in-store and online.
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