Company cultures and brands should have "an interdependent and mutually reinforcing relationship" to help increase competitiveness and customer satisfaction while reducing turnover, writes Denise Lee Yohn. Businesses can create a standout brand by having a unified purpose and core values and seeing how closely brand and culture line up.
A high-end 125-unit apartment project called the Revel in Minneapolis will include a small-format Target store, developers said. The building will open Aug. 1 and the store is slated to debut a few months later with product offerings tailored to the building's residents, including grab-and-go items, fresh produce, apparel, home goods and a CVS Pharmacy.
A provision in a bill to reauthorize the Federal Aviation Administration calls for the creation of a carrier certificate that would allow package deliveries by drones. Amazon made its first drone delivery in the UK last year and Google is also developing a drone delivery program.
Mayfield Robotics' Kuri home assistant robot has received an update that allows it to recognize pets, as well as a new drivetrain to improve its mobility. Kuri's updated vision program includes a 1080p HD camera for capturing photos and videos.
The upcoming Samsung Gear VR headset will include an OLED display and will work as a stand-alone option, Naver reports. The headset will reportedly offer a pixel density of 2,000 ppi, which is significantly higher than other offerings in the segment.
About one-fourth of consumers who participate in digital grocery shopping add items to their baskets, and a third of shoppers who use click-and-collect services and digital coupons and 39% of shoppers who use subscription services buy more, according to a report from WSL Strategic Retail. However, wider adoption is still a challenge, with only 15% of shoppers taking advantage of click-and-collect programs and 12% using subscription services, the report revealed.
The impending Amazon-Whole Foods Market merger brings new urgency to the grocery industry's task of modernizing stores and making food shopping a more personal experience, experts say. "Grocers that are customer-centric are going to win," Capgemini Consulting's Shannon Warner said, adding that the key to success will be using customer data that traditional grocery players already have.
Canadian department store chain La Maison Simons caters to a wide range of consumers, with a model that focuses on local designers and combines mid-priced brands and luxury goods. The family-run retailer began expanding to other provinces five years ago, and today it operates 15 locations.
China's government has created two new indexes to track spending at convenience stores and malls, in an effort to more accurately track the dominant economic factor, which has shifted from manufacturing to consumer spending.