London department store Harrods has named Lydia King as its new fashion director starting in September. King has been the buying and merchandising director of womenswear for Selfridges for over two years.
London-based food delivery service Deliveroo aims to expand in the UK with the backing of Amazon, which recently invested $575 million in the company. The funding will help Deliveroo implement tactics to increase its customer base from 33% to 50% of the UK population.
Japanese retailer Aeon will increase its imports from Vietnam to $500 million by 2020 and $1 billion by 2025, an Aeon executive said. Some 55% of the goods Aeon brings in from Vietnam now are clothes, but the company sees significant room to expand in the food category.
Casino Guichard-Perrachon, the Brazilian subsidiary of French grocery chain Casino, sold a 36% stake in electronics retailer Via Varejo in an auction last Friday. Shareholder Michael Klein and his family bought an additional 1.6% stake, bringing their total to 27%.
CIOs from Gap, REI and Couche-Tard - Circle K joined Facebook's Martin Gillard at NRFtech in San Francisco last month to talk about the three traits a truly transformative CIO needs to make IT part of strategic conversations and corporate strategy. Read more.
Marketers should leverage the increasing popularity of TikTok if they're seeking to engage Generation Z, are invested in social as a key channel, prioritize video and measure social success by engagement and reach, Chris Adams writes. Focus on entertaining users on the platform, partner with established creators, engage with relevant niche audiences and be creative with branded hashtag challenges, Adams recommends.
US retail sales grew 0.5% in May from the previous month and April sales were revised upward to 0.3% growth, according to the Commerce Department. May sales were up 3.2% from the same month last year, with increases in 11 of 13 categories including e-commerce, appliances and electronics, sporting goods and books.
Tory Burch developed her namesake brand after building a career in fashion in part to gain the resources she needed to focus on social responsibility and helping others on their way up. The Tory Burch Foundation, launched a decade ago, helps women small-business owners gain access to the capital, mentoring and education they need to succeed.
Direct-to-consumer home furnishings retailer Burrow has expanded its brick-and-mortar presence with the opening of a store in Chicago, its second-largest market. Burrow debuted its physical retail concept in New York City in 2018.
UK-based fashion retailer Primark's newest and biggest location fills a five-story former mall that was once home to 49 different stores. The 160,000-square-foot space is more department store than fast-fashion outlet, with nail and hair services, a Disney cafe and a "snap and share" dressing room where customers can try on multiple outfits and take photos and videos for social media.
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