Costco is investing $300 million in a Nebraska chicken operation that will bring the supply chain for its rotisserie chickens in-house. Scheduled to open in about a year, the operation will have a hatchery and a processing plant, and the retailer will contract with farmers in Nebraska and Iowa to raise the birds.
Michael Kors is in advanced talks to acquire Italian fashion house Gianni Versace, in a deal valued at about $2 billion, sources said. Last year, Kors paid $1.2 billion for luxury shoe brand Jimmy Choo, marking the beginning of its quest to become a US-based luxury conglomerate.
Walmart recently surveyed its staffers to gauge their interest in perks including pet and child care services, gym memberships and signing bonuses. To compete in the current tight labor market, Walmart raised its hourly starting wage earlier this year, as did rival Target.
Crate & Barrel says the US-China trade war won't cause it to move its manufacturing operations to the US. If it needs to move production, the home goods retailer would move to a European country or another Asian country.
London-based OKA Direct has acquired Dallas home furnishings retailer Wisteria. Both are family-run companies that began as catalog businesses and OKA now has 14 stores that also offer design services, while Wisteria operates two locations and an e-commerce arm.
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The rapid return of Carson's and other Bon-Ton banners to online retail after the liquidation and closure of the company's stores highlights a growing trend. Retailers including Circuit City, Wet Seal and The Limited have also made online comebacks, betting they have enough fans left to support their brands on a smaller scale.
French fashion brand Ba&sh won't stress its Parisian roots as it grows in the US, opting instead to focus on the in-store experience it's creating, said Ba&sh North America CEO Sarah Benady. LVMH's L Capital owns a 50% stake in the brand, which opened a New York City store Friday that includes items shoppers can borrow for the weekend and an in-store shop where customers can discover new brands.
Cosmopolitan has partnered with Macy's to introduce an augmented reality experience to its October edition that enables readers to virtually try beauty looks. A QR code signposts readers to a destination that employs YouCam Makeup technology to allow them to virtually try on cosmetics and directly buy products.
Southern Tide, an apparel brand that prides itself on capturing the "spirit of the South," is expanding into specialty stores through joint ventures. CEO Christopher Heyn explained that Southern Tide contributes brand expertise, products and the point-of-sale presentations while its partners manage the operations. "We are not experts at retail operations," Heyn said, "but we love to build product and to communicate our brand and our lifestyle." Read more.
When buying costumes and other Halloween supplies this year, 45% of shoppers will visit discount stores and 35% will go to a specialty Halloween store or costume store. Source: NRF/Prosper Insights & Analytics.
NRF will host regional dinners in three cities in October, bringing retailers together to network, share insights and grow the retail community. Upcoming dinners will take place in Seattle, San Francisco and New York. Space is limited, so register early to guarantee a spot. Learn more.
Chicago-based L3 Hospitality Group has acquired LYFE Kitchen from Carlisle Corp., which closed a location in Memphis, Tenn., as part of the deal. Carlisle closed multiple LYFE restaurants starting late last year, and L3, a former franchisee, takes over the brand's three remaining units in Chicago.