| News for and about the housewares industry |  |
| Industry Update |  |  |
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| Trends & Innovations | | |
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- Laser cutting design takes aim at food prep
Russian designer Andrey Kokorin has entered a laser device into the 2012 James Dyson Award competition. Kokorin sees the "Innovative Laser Device for Cutting of Foodstuff" as an ultra-modern kitchen device that addresses the issues of sanitary food prep and precision cutting. Gizmodo
(8/9), Wired.co.uk (U.K.)
(8/9)     
- Can Macy's beat online rivals on same-day delivery?
Macy's is well positioned to compete with Amazon, eBay and other online retailers when it comes to adding same-day delivery, if the retailer determines that's something customers want, Chief Financial Officer Karen Hoguet said. The retailer's large, national base of department stores gives it a leg up over online merchants, who must build warehouses, she said. The Huffington Post
(8/8)
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- IKEA says its brand is worth $11 billion
In a rare release of closely guarded information, Sweden-based global furniture giant IKEA said it values its brand at €9 billion, or just more than $11 billion. The figure puts the brand somewhere between 31st and 89th on a list of the world's biggest brands, depending on who is doing the ranking. "The value of brand is both art and science," says Allen Adamson, a managing director of branding firm Landor Associates. The Wall Street Journal
(8/9)
| Finance & Policy | | |
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- Analysis: U.S. recovery isn't anything like earlier ones
America's economy grew only 1.5% in the second quarter, and boosting growth is proving to be more difficult than it was after earlier recessions, according to The Economist. "How does this compare with other recoveries of recent decades? Output has grown 6.7% since the recession's official end in June 2009, and employment is up 2.1%," the magazine noted. "That is a shadow of the rebound of the early 1980s, when real output grew 18.5% in the first three years of recovery and employment soared by 11.1%." The Economist
(8/11)
| IHA News | | |
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"Black Hawk Down" veteran to keynote CHESS 2012 program
Keni Thomas, U.S. Army Ranger veteran of the "Black Hawk Down" mission and award-winning country music artist, will give a motivational keynote address at the 2012 Chief Housewares Executive SuperSession (CHESS) Oct. 16 and 17 in Rosemont, Ill. The two-day strategic and networking event for industry leaders will feature sessions on global market trends and overviews, critical dot com strategies, MAP pricing, a blue-ribbon vendor panel and updates on the 2012 election and the retail industry. For more information, e-mail Judy Colitz at IHA, jcolitz@housewares.org.
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New hours announced for 2013 Intl. Home + Housewares Show
The International Home + Housewares Show will open at 10 a.m. on Saturday, March 2, and close at 3 p.m. on Tuesday, March 5. The slightly revised hours were announced after a full review of all the 2012 Show buyer scan data and listening to all of the Show's customer segments through surveys, exhibitor and retailer advisory groups and one-to-one conversations. This year's Show opened at 12:30 p.m. on Saturday. The 2013 Show will feature more than 2,100 exhibitors from around the world. Learn more.
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