The global luxury market has long been dominated by three giants, all European - LVMH Moët Hennessy Louis Vuitton, Kering and Richemont. Now, it has two hungry American players with which to contend.
Almost half of North American and European consumers surveyed by the Chief Marketing Officer (CMO) Council say they will abandon a brand and take their money elsewhere if they continuously encounter a poor, impersonal or frustrating customer experience across channels of engagement.
The common wisdom says that basic manufacturing has left the United States. Ashley Thompson, CEO of 50 Strong, a Lima, Ohio-based plastics manufacturer is trying to prove that common wisdom wrong.
A glut of eggs is putting pressure on suppliers and farmers who are struggling to win back business two years after the worst bout of avian influenza in U.S. history devastated egg-laying flocks.
Wal-Mart's latest digital move will make reordering frequent purchases easier for its online shoppers. The retailer recently announced an "Easy Reorder" feature, which registers Wal-Mart purchases and saves them to a shopper's purchase history.
While the on-demand economy has led to many brick-and-mortar stores declining, NXP Semiconductors reports that omnichannel services continue to grow. Smart supply chain management with advanced tracking and monitoring capabilities enabled by RAIN RFID support both short- and extended-range communication, NXP reports, and are empowering retailers to address a multitude of new use cases.
On an earnings call last week, Royal Dutch Shell CEO Ben van Buerden said the firm has adopted a "lower forever" mindset with a focus on controlling costs.
Wal-Mart Stores Inc. has proposed 10 policy actions to boost U.S. manufacturing that the retailer says could help recapture $300bn of the $650bn worth of consumer goods that are currently imported.