Trump administration tariffs on $200 billion in Chinese imports set to take effect Monday are likely to hit small merchants especially hard, and many say they'll either have to raise prices or lose profits on the goods they sell.
"[T]he smaller you are, the more vulnerable you are to the impact," NRF's David French said.
Amazon has teamed with Indian private-equity firm Samara Capital to invest in a services company that has acquired Aditya Birla Retail, in a deal valued at about $583 million. The move would give Amazon an interest in Aditya Birla's more than 500 stores, including More supermarkets.
Amazon Prime's promise of two-day shipping has set a standard for other retailers, including Walmart and Target, which both now have their own versions of free two-day shipping offers. The brick-and-mortar retailers have also followed Amazon's lead in building more and bigger fulfillment centers to get closer to their online customers, or by using their networks of stores to fulfill online orders.
Retail sales are beating forecasts this year, but people's perceptions of the strength of the industry can vary widely depending on where and how they shop and what media reports they're reading, NRF President and CEO Matthew Shay writes. E-commerce and the changing nature of retail stores and jobs are fueling a rise in more vibrant, diverse shopping options, he writes.
Sephora's Accelerate program has so far supported 31 entrepreneurs and promised to back 50 female-founded beauty businesses by 2020. The program, which provides participants with a one-week intensive boot camp and six months of mentoring, had more than 500 applicants this year, compared to 300 in 2017.
Venezuelan designer Maria Elena Pombo is using avocado seeds to create natural dyes for her Fragmentario clothing line. Pombo turned to a natural dyeing process so she could produce the exact colors she wanted while reducing her environmental footprint.
According to NRF's annual survey conducted by Prosper Insights & Analytics, total spending for Halloween is expected to reach $9 billion, the second highest in the survey's 14-year history. Celebrants are expected to spend an average of $86.79, up from last year's $86.13, with more than 175 million Americans planning to partake in Halloween festivities this year. Read more.
Vehicles have increasing amounts of electronics, which can add complexity and cost to repairs. "Minor fender benders now damage sensitive safety components located in bumpers, side mirrors and fenders, increasing the number of vehicles needing sensor calibration and repair," says asTech's Dan Young.
RH's new flagship in New York City's Meatpacking District boasts architectural elements that bring together the original century-old brick structure, three stories of modern glass and steel and a rooftop restaurant. It's the latest version of the brand from CEO Gary Friedman, who took the reins in 2001 and has taken the retailer from a struggling housewares store through several trendy iterations.