Teams value CEOs who make brave shifts in strategy and focus on developing team members, writes Cheryl Bachelder, former CEO of Popeyes Louisiana Kitchen. Employees also want clear statements about your principles and values, as well as seeing how you live those even when pressured to act otherwise, she writes.
News of Hershey's planned $420 million acquisition of Pirate Brands topped this week's list of most-read food and beverage stories. A list of Walmart's best-selling items by state was also a hit with SmartBrief readers, as were stories from Tyson Foods, Kroger and beverage brand Dirty Lemon.
Pinterest has extended its Shop the Look Pins from just large brands to all business accounts. Any business or influencer can use a self-service tool to tag home decor and fashion products, which then enables consumers to buy featured items by clicking or tapping on a link.
Nordstrom will launch a tiered loyalty program called Nordy Club this fall, with an app that will let each member create and customize their user profiles. The app will give users access to data on the points they've accumulated and how much more spending would get them to the next tier and its higher-value perks.
Hoping to replicate the Texas shale boom elsewhere, oil giants such as Chevron are applying factory models to simplify hydraulic fracturing operations and solve and prevent pipeline bottlenecks, labor shortages and other problems plaguing the US shale industry. "They can transfer technology and skilled people across assets and parts of their portfolio from North America to Argentina," says Andrew Slaughter, executive director of Deloitte's Center for Energy Solutions.
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.
Automakers are shifting from the use of dedicated short-range communications in autonomous vehicles to cellular vehicle-to-everything, or C-V2X, technology. Supporters are using the safety of autonomous vehicles as a selling point as the federal government considers how to proceed.