The CEO of Canada-based fast-casual chain Freshii penned an open letter to US-based sandwich chain Subway proposing a partnership that would convert some Subway locations to Freshii restaurants. Some Subway franchisees have already sold to open Freshii units, and others have opened Freshii restaurants in addition to their Subway stores, said Freshii CEO Matthew Corrin.
Portugal-based retailer Sonae SGPS has partnered with a division of UK-based JD Sports Fashion to expand its presence in Spain without significant capital investments. Sonae has operations in 89 countries after expanding to 17 new markets last year.
UK-based shoe retailer Brantano has entered administration for the second time in less than two years, citing changing consumer spending habits and higher costs amid the post-Brexit pound slump. Brantano operates 73 standalone stores and 64 concessions across Britain.
Amazon and Flipkart are partnering with several smartphone brands to sell their gadgets in India, and the e-commerce sites are poised to expand sales to brick-and-mortar stores, sources said. The goods and services tax set to take effect July 1 is expected to reduce the price difference between online and in-store sales.
As consumer demands change, retailers face several challenges when executing omnichannel strategies. In this post, we talk with BoldChat's Ross Haskell about how companies can improve customer experiences through better omnichannel execution. Read the full Q & A here >
Canada's retailers are catching up with their US counterparts when it comes to online retail, according to a report from E-Tail Canada, which found that 62% of merchants booked higher online sales last year. Online retail purchases by Canadians hit $19.2 billion in 2016, with 40% of the sales going to sites outside the country, according to Statistics Canada.
Indian online fashion retailer Myntra will model its April sale event after flash sale sites that depend on undersupply to build demand and depend less on deep discounts. The event is part of a larger shift away from discounting and toward full-price high fashion.
Italian designer brand Fiorucci became a symbol of the flamboyant New York City disco scene in the 1970s, and its new British owners aim to revive the brand as it celebrates 50 years in business this year. The company launched a capsule collection at Barneys New York in early 2017, and it plans a pop-up shop in Selfridges and a standalone London store this fall.
NRF has adopted Shop.org as the name of its annual e-commerce conference, which was previously known as Retail’s Digital Summit. Shop.org will deliver insights into the future of digital retail and demonstrate how they are applicable in today’s marketplace as more than 4,000 retailers gather at the Los Angeles Convention Center September 25-27. Learn more.