30 July 2021
CONNECT WITH NRF  LinkedInFacebookTwitter
NRF Global SmartBrief
Retail news from around the worldSIGN UP ⋅   SHARE
Global Industry Watch
Starbucks' purchasing strategy means it won't have to raise menu prices despite a surge in commodity coffee prices related to bad weather in the growing regions of Brazil, CEO Kevin Johnson said. "It gives us a significant advantage relative to our competitors who, if they don't buy this far in advance, will certainly not have that cost structure that we put in place," Johnson said.
Full Story: CNN (29 Jul.) 
LinkedIn Twitter Facebook Email
Connecting the digital + physical worlds in retail
While the recent surge in digital interactions will remain, consumers now crave in-person interaction – which makes connecting the two more important than ever for retailers. This on-demand webinar explores the implications of the Covid-19 digital surge for retailers and how reimagining retail digital transformation can augment human interactions. Watch now
ADVERTISEMENT:
Retail in Europe
Harrods has unveiled a revamped Hair & Beauty Salon at its flagship in the Knightsbridge section of London, with stylists on staff to provide hair and nail services. The debut is the last phase in the luxury department store's beauty transformation that started last year with the makeover and expansion of its beauty halls.
Full Story: RetailGazette.co.uk (U.K.) (26 Jul.) 
LinkedIn Twitter Facebook Email
Danone's second-quarter net sales surpassed analyst expectations by increasing 6.6% compared to the same period in 2019, marking a return to profitability. Danone's Waters unit returned to positive territory with 19.5% sales growth.
Full Story: Reuters (29 Jul.),  FoodBev (29 Jul.) 
LinkedIn Twitter Facebook Email
Retail in Asia
Flipkart has opened a new delivery hub in Delhi that will be run by 50 employees with disabilities, as part of the Walmart-owned company's push to foster diversity and inclusion. The India-based platform debuted its Ekartians with Disabilities programme four years ago to create more opportunities for employees with disabilities.
Full Story: The Economic Times (India)/Press Trust of India (29 Jul.) 
LinkedIn Twitter Facebook Email
E-commerce Spotlight
Coca-Cola's first campaign involving nonfungible tokens for International Friendship Day involves auctioning off the Coca-Cola Friendship Box containing NFT versions of Coca-Cola collectibles to support the Special Olympics. NFTs are one way to explore the growing artificial reality-enabled "metaverse," which "creates opportunities to connect with others like never before," said Josh Schwarber, Coca-Cola's global digital design senior director.
Full Story: The Drum (free registration) (28 Jul.),  Cointelegraph (28 Jul.),  Forbes (tiered subscription model) (28 Jul.) 
LinkedIn Twitter Facebook Email
Technology Solutions
Pret A Manger hints at coffee vending machines
(Andrew Redington/Getty Images)
Fast-casual chain Pret A Manger has registered trademarks for "Pret Express" and "Pret Perks" in the UK as part of a plan to roll out self-serve coffee machines and a new customer loyalty programme. The shift to work from home due to the pandemic last year led to the closure of 74 UK Pret locations, so putting vending machines could be a cost-effective way to move forward, said Jeffrey Young of Allegra World Coffee Portal.
Full Story: Charged (UK) (29 Jul.) 
LinkedIn Twitter Facebook Email
Spotlight on Fashion
Prada reports strong sales rebound in 2021
(Yuriko Nakao/Getty Images)
Italian luxury fashion brand Prada reported a 66% increase in revenue in the first half of the year, beating analysts' estimates and topping pre-pandemic spending levels. Designer and co-CEO Miuccia Prada and co-creative director Raf Simons will continue to collaborate on new collections forecast to further grow the ready-to-wear fashions and handbags sectors, according to Citigroup analyst Thomas Chauvet.
Full Story: BNN Bloomberg (Canada) (29 Jul.) 
LinkedIn Twitter Facebook Email
NRF News
Get FREE weekly advice about how digital leaders are building the future of digital commerce live and on demand during the NRF NXT Webinar Series, every Wednesday in September at 12 p.m. ET! Learn more.
LinkedIn Twitter Facebook Email
LEARN MORE ABOUT NRF:
Join NRF | Advocacy | Insights and Trends
Events | Resources | NRF Foundation
It is a time in which we will redefine what it means to be human, for this is not just the start of a revolution, it is the start of an evolution.
David A. Sinclair,
biologist, professor of genetics
LinkedIn Twitter Facebook Email
SmartBrief publishes more than 200 free industry newsletters - Browse our portfolio
Sign Up  |    Update Profile  |    Advertise with SmartBrief
Unsubscribe  |    Privacy policy
CONTACT US: FEEDBACK  |    ADVERTISE
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004