Japan-based Fast Retailing will open a 17,000-square-foot, four-story Uniqlo store in Stockholm, Sweden, marking the fast-fashion retailer's first foray into the country. Sweden will be the 20th global market and the seventh European country for the brand.
Walmart has named Chief Operating Officer Judith McKenna as its new international president and CEO, to succeed David Cheesewright on Feb. 1, the company said. The retailer generates about 25% of total sales from its 6,300 stores outside the US, and previous holders of the post including Doug McMillon have gone on to be named CEO of the entire company.
Fragrances promoted by celebrities and increased online sales spurred strong holiday same-store sales growth at The Fragrance Shop, which sold nearly 100,000 bottles of fragrance in a single day on Dec. 23. Kristen Stewart-endorsed Gabrielle by Chanel was a top seller.
Global diamond producer De Beers is testing a system that uses blockchain technology to trace stones from their origin. The system is designed to assure buyers that they are buying genuine diamonds that are authentic and free from conflict.
Amazon on Tuesday announced the UK release of the Echo Spot, a smaller version of the Echo Show. The Spot has both a camera and a microphone for making video calls, and it uses Alexa for voice control.
Retailers are on a mission to innovate, and tech tools are key, according to speakers and exhibitors at Retail's Big Show. The industry is changing and the companies that win will be the ones that realize they are tech firms as well as retail companies, Walmart CEO Doug McMillon said.
NRF has elected BJ's Wholesale Club CEO Christopher Baldwin as its new board chairman. Baldwin, who will serve a two-year term, takes over from Macy's Executive Chairman Terry Lundgren.
Online retail sales grew 14.7% during the holidays to a record $108.2 billion, according to an Adobe Analytics report released at Retail's Big Show. Sales of smartphones and tablets soared on Black Friday and Cyber Monday, and sales grew faster in larger markets than smaller ones, the report found.
Switzerland-based Cofra Holding is reportedly considering a sale of its fashion retail chain C&A to a Chinese buyer, according to sources quoted in a German news magazine report. The retailer launched in 1841 in the Netherlands and now operates stores in Asia, Latin America and other European countries.
Indian retail operator FirstCry.com is negotiating to acquire the franchise rights to Mothercare from DLF Brands, sources said. FirstCry.com started as an online company, expanded into brick-and-mortar retail with the acquisition of BabyOye and started growing through franchising in 2017.
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