Summer living and an appreciation for home life in general on the heels of the pandemic is ensuring that housewares-related retail stays strong at least until 2022, if not longer, top retailers say. RH, Williams Sonoma, At Home and Bed Bath & Beyond are forecasting a strong year, with RH CEO Gary Friedman anticipating "a Roaring '20s type of consumer exuberance."
Winsupply had a record $4.2 billion in revenue in the past fiscal year, with President John McKenzie crediting local owners and companies' efforts to meet customer needs during the pandemic. Winsupply businesses introduced contactless delivery and curbside pickup while controlling expenses.
Amazon will start using two autonomous guided carts this year and is developing other robotics systems for warehouse use. Meanwhile, Alibaba is sending 1,000 Xiamonanlv package-delivery robots to Chinese universities.
Supply chains have an additional challenge with cybersecurity because they aren't just keeping themselves secure but also everyone they interact with, says Sharon Reynolds, chief information security officer at Omnitracs. "But with supply chain, even your suppliers have suppliers, so you need to identify your third-party and fourth-party risks," Reynolds says.
Wellness retailer Holland & Barrett has opened a new sustainability-focused flagship in the UK that is completely built with recycled materials. The store will sell hundreds of supplements and sports nutrition products, and its 178 beauty lines will include vegan, cruelty-free and zero-waste products.
E-commerce in India has grown rapidly during the pandemic and it's possible that online retail could soon outpace organised modern retail as a channel for sales of fast-moving consumer goods, according to Accenture. Kiranas remain the largest channel and have grown in popularity during COVID-19.
Chanel didn't pause capital spending in 2020, despite declines in sales and profits related to the pandemic. The privately owned luxury brand said it spent $1.12 billion on projects including renovating boutiques and investing in the artisanal shops that produce its goods, and $1.36 billion on runway shows, advertising and other brand support functions.
Multiple functions stand out on each item in Galanz Americas' new small kitchen appliance collection that's heading to stores this summer. Galanz is offering a digital air fryer, a hot/cold high-speed blender, a grind-and-brew coffee maker, two toaster ovens and an air fryer/grill.
Consumers can replace wine with a host of housewares for housewarming gifts. Examples from this vast list include a vivid blue Great Jones sheet pan bundle, a wildflower-adorned Anthropologie spoon rest and Martha Stewart cotton kitchen towels.
Google will open its first standalone retail store on Thursday, where customers will be able to try products before they buy them and access services including installation help. The store in New York City's Chelsea neighborhood will also feature hands-on workshops.
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