When Wal-Mart Stores Inc bought online retailer Jet.com for $3bn last year, it marked a crucial moment - the world's largest brick-and-mortar retailer, after years of ceding e-commerce leadership to arch rival Amazon, intended to compete.
Challenge: After making numerous acquisitions, a large omni-channel retailer and was operating out of three different facilities. The company wanted to reduce costs without compromising service levels.
Madrid - what retail crisis? Amid a major retrenchment by American companies such as Gap Inc., J. Crew Group Inc. and Nordstrom Inc., one player continues to defy gravity: Zara. And the rapid-fire design-and-production system that has allowed the Spanish giant to outpace rivals is now giving it a powerful platform to succeed online, an outlet that has confounded its lumbering rivals.
About 700,000 pounds of canned spaghetti and meatballs products sold under brands including Libby's and Chef Boyardee are being recalled because they might contain milk, an allergen that was not disclosed on the labels.
First, Tesla surpassed General Motors and Ford Motor Co. in market cap. Then Ford announced cutting 10 percent of its salaried workers before firing CEO Mark Fields.
As the retail landscape continues to evolve, businesses are finding innovative ways to appeal to consumers' need for online convenience while still attracting brick-and-mortar traffic. How? One solution is to implement buy online pickup in store (BOPIS), which allows shoppers to reserve products online for easy pickup at a nearby location.