Zappos will start selling a curated line of footwear and fashions for people who have special needs that make getting dressed difficult. The Zappos Adaptive line includes slip-on shoes and apparel made of soft fabrics without tags, zippers and buttons.
More retailers are flocking to the Dallas area for space, infrastructure and labor resources that meet their needs as they continue to invest in digital operations. Merchants including Chewy, Ulta and Jack In The Box have found a home for logistical and online operations in a region that has access to interstates, railways and an aviation hub.
Xcel Brands, the parent of fashion labels including Isaac Mizrahi and Judith Ripka, has created a business model designed to compete with fast fashion. The company, which sells its styles at stores including Lord & Taylor and Dillard's, has cut turnaround time to six weeks so it can refresh collections weekly and respond quickly to new trends, CEO Bob D'Loren said.
Barnes & Noble will shutter its downtown Minneapolis store for good Saturday night, after operating there since the early 1990s. Macy's closed its flagship across from the store last month, and plans for a wine bar and a Trader Joe's store reflect a shift toward food and drink sales.
Retailer New Stand will expand its modern retail concept on New York City's new ferries next week, branching out from its three stores that operate within other stationary NYC transit locations. The retailer offers cold-brew coffee, alcohol and a changing food selection from trendy brands at lower prices thanks to brand partnerships, and it plans to hold events such as yoga classes and product demonstrations while displaying product info on digital screens on the ferries.
Nokia is attempting to break into a new market by beginning a line of connected health products, including blood-pressure monitors, forehead thermometers and scales.
The Food and Drug Administration extended the deadline for new menu labeling rules, which were to be implemented starting May 5. The rules include requirements to post calorie counts on standard menus and menu boards, among other regulations.
Applied Industrial Technologies posted net income of $29.5 million in its fiscal third quarter, up from a loss the year before. Net sales increased by 7.3%, while organic growth increased 6.8%.
Watsco President Aaron Nahmad says the company is watching Amazon but feels comfortable with its market position. Watsco's customers and contractors "require our input on design and engineering and technical advice in diagnosing these products; that data expertise is valued in a big way by our customer base," Nahmad said.