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Retail
Amazon Style will be the online retailers first ever physical apparel store. The company says it will integrate technology to improve the shopping experience.
” data-duration=”01:01″ data-editable=”settings” data-headline=”Amazon is jumping into the in-store shopping apparel game” data-index=”idx-0″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_a079f821b71b4df4f1bdb2f28530a71a-h_c05e24ac9c6610bf4f95284f83e3d431-pageTop@published” data-video-id=”business/2022/01/20/amazon-style-in-store-shopping-fashion.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_a079f821b71b4df4f1bdb2f28530a71a-h_c05e24ac9c6610bf4f95284f83e3d431-pageTop@published”>
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Amazon is jumping into the in-store shopping apparel game
A Walgreens pilot program is replacing glass fridge doors with interactive digital screens, a technology developed by Cooler Screens. Consumers on social media say they don’t like it.
” data-duration=”03:33″ data-editable=”settings” data-headline=”New tech in Walgreens brings mixed reactions, confusion online” data-index=”idx-1″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_563b934173ef09173bf2cf883261ed15″ data-video-id=”business/2022/03/11/walgreens-cooler-screens-reaction-ht-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_563b934173ef09173bf2cf883261ed15″>
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New tech in Walgreens brings mixed reactions, confusion online
Standard Cognition CEO & co-founder Jordan Fisher explains how his company’s technology, which allows consumers to pick up products and pay for them without visiting the checkout line, could be a boon for consumers and retailers.
” data-duration=”02:22″ data-editable=”settings” data-headline=”This AI technology lets you skip the checkout line” data-index=”idx-2″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_ec098f6364b7301234e62a4e0f016547″ data-video-id=”business/2022/02/16/jordan-fisher-standard-cognition-checkout-ai-mn.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_ec098f6364b7301234e62a4e0f016547″>
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This AI technology lets you skip the checkout line
Ynon Kreiz, CEO of Mattel, says the company saw the highest annual growth rate in decades last year. After “winning back” Disney Princess and Frozen, Kreiz says they will “continue to develop and grow evergreen franchises.”
” data-duration=”02:59″ data-editable=”settings” data-headline=”Mattel CEO: The company is in growth mode” data-index=”idx-3″ data-show-name=”” data-show-url=”” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_e0741e080ac7cb51a406ae41981d9771″ data-video-id=”business/2022/02/10/mattel-ceo-toy-sales-brands.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_e0741e080ac7cb51a406ae41981d9771″>
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Mattel CEO: The company is in growth mode
Big-name food brands are raising prices as the supply chain is facing surging costs, congestion and a labor shortage. CNN’s Gabe Cohen on how the disruptions are also limiting availability.
” data-duration=”03:12″ data-editable=”settings” data-headline=”Grocery price hikes: ‘We’re going to feel the effect for months'” data-index=”idx-4″ data-show-name=”” data-show-url=”” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_9d56abf2bd03a122bba14b0c461bd6e1″ data-video-id=”business/2022/01/31/grocery-shopping-rising-prices-cohen.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_9d56abf2bd03a122bba14b0c461bd6e1″>
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Grocery price hikes: ‘We’re going to feel the effect for months’
See the long history of comedians and internet memes poking fun at the lengthy receipts printed at CVS.
” data-duration=”01:24″ data-editable=”settings” data-headline=”Watch the comedic saga around CVS receipts” data-index=”idx-5″ data-show-name=”” data-show-url=”” data-source=”CNN Busiess” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_75a82919d613619621472437abc238e3″ data-video-id=”business/2022/01/28/watch-video-cvs-long-receipt-comedy-kimmel-orig.cnn-busiess” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_75a82919d613619621472437abc238e3″>
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Watch the comedic saga around CVS receipts
Luxury department store chain Neiman Marcus is making a post-bankruptcy comeback after struggling during the beginning of the pandemic. CEO Geoffroy van Raemdonck discusses growth, sales, why bankruptcy was a strategic choice and more.
” data-duration=”04:20″ data-editable=”settings” data-headline=”Neiman Marcus CEO on pandemic struggle and post-bankruptcy comeback” data-index=”idx-6″ data-show-name=”Quest Means Business” data-show-url=”https://www.cnn.com/shows/quest-means-business” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_64a26a5bf3b27094f2294e5c12edb9ac” data-video-id=”business/2022/01/27/neiman-marcus-ceo-post-bankruptcy-pandemic-struggle-qmb.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_64a26a5bf3b27094f2294e5c12edb9ac”>
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Neiman Marcus CEO on pandemic struggle and post-bankruptcy comeback
Garnier is pressing on with its commitment to more sustainable beauty products, with its launch of “No-Rinse Conditioner.” The company’s president Adrien Koskas tells CNN’s Melissa Bell why profits don’t factor into its eco-mission.
” data-duration=”03:27″ data-editable=”settings” data-headline=”Garnier: Time for beauty industry to ‘change the game’ on sustainability” data-index=”idx-7″ data-show-name=”” data-show-url=”” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_01e8e14948cf5ee92c1173636876931a” data-video-id=”business/2022/01/21/marketplace-europe-garnier-sustainable-beauty-products-koskas.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_01e8e14948cf5ee92c1173636876931a”>
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Garnier: Time for beauty industry to ‘change the game’ on sustainability
The US consumer price inflation index rose 7% over the past year, the steepest climb in prices since 1982. CNN’s Christine Romans breaks down the December report.
” data-duration=”01:36″ data-editable=”settings” data-headline=”Key inflation measure hits 39-year high” data-index=”idx-8″ data-show-name=”” data-show-url=”” data-source=”CNNBusiness” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_9fd9875d800c5a7544c41f2390c8adec” data-video-id=”business/2022/01/12/inflation-consumer-price-index-december.cnnbusiness” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_9fd9875d800c5a7544c41f2390c8adec”>
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Key inflation measure hits 39-year high
Restaurants across the nation are on the brink of closing again as the Omicron variant continues to spread rapidly across the United States. CNN’s Vanessa Yurkevich reports.
” data-duration=”02:48″ data-editable=”settings” data-headline=”Restaurants on the brink of closing again as Omicron cases surge” data-index=”idx-9″ data-show-name=”New Day” data-show-url=”https://www.cnn.com/shows/new-day” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_592f07fa9fcf856a01dabc6a7155f9ae” data-video-id=”business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_592f07fa9fcf856a01dabc6a7155f9ae”>
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Restaurants on the brink of closing again as Omicron cases surge
Walmart announced it is expanding its InHome service, which allows employees to enter participating consumers’ homes to deliver groceries.
” data-duration=”01:07″ data-editable=”settings” data-headline=”See how Walmart can stock your kitchen when you’re not home” data-index=”idx-10″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_4f94f5e27a6652f0f810bdaeb3e04d0d” data-video-id=”business/2022/01/04/walmart-inhome-delivery-mc-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_4f94f5e27a6652f0f810bdaeb3e04d0d”>
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Popular doll maker American Girl named its first Chinese American “Girl of the Year” doll, Corinne Tan.
” data-duration=”01:08″ data-editable=”settings” data-headline=”American Girl reveals its first Chinese American ‘Girl of the Year'” data-index=”idx-11″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_ff281c85b2da33360d0cec811d526545″ data-video-id=”business/2021/12/31/american-girl-reveals-chinese-american-doll-mh-orig.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_ff281c85b2da33360d0cec811d526545″>
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American Girl reveals its first Chinese American ‘Girl of the Year’
One famous doll brand is increasing its efforts to be more diverse and highlight social issues. CNN’s Rene Marsh reports.
” data-duration=”02:27″ data-editable=”settings” data-headline=”A more diverse selection of dolls is coming our way” data-index=”idx-12″ data-show-name=”” data-show-url=”” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_af2a1ab271d322e8bb803f5d6031742d” data-video-id=”business/2021/12/23/american-doll-diversity-biracial-marsh-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_af2a1ab271d322e8bb803f5d6031742d”>
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A more diverse selection of dolls is coming our way
More “smash & grab” robberies have occurred around the US at a wide range of retail stores and authorities are now trying to increase security to prevent more from happening.
” data-duration=”02:17″ data-editable=”settings” data-headline=”Robberies continue to plague retail stores across the country” data-index=”idx-13″ data-show-name=”New Day” data-show-url=”https://www.cnn.com/shows/new-day” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_1a43225c4d1208b745874b16daccf51c” data-video-id=”business/2021/11/25/smash-and-grab-robberies-retail-store-newday-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_1a43225c4d1208b745874b16daccf51c”>
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Robberies continue to plague retail stores across the country
Between supply chain issues and shipping delays, many retailers want you to shop in their brick-and-mortar locations instead of ordering online. And they’re not wrong. CNN Business’ Nathaniel Meyersohn reports.
” data-duration=”02:35″ data-editable=”settings” data-headline=”Retailers want you to shop in stores this year (and they have a point)” data-index=”idx-14″ data-show-name=”” data-show-url=”” data-source=”CNN Business” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_adcfc0feabfda1649a4f16cf7ea7f049″ data-video-id=”business/2021/11/23/holiday-shopping-in-store-pickup-sb-orig.cnn-business” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_adcfc0feabfda1649a4f16cf7ea7f049″>
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Retailers want you to shop in stores this year (and they have a point)
Electronics, clothing, jewelry and pet supplies among hardest items to find as holidays near. Experts advice to start your holiday shopping now. CNN’s Tom Foreman reports.
” data-duration=”01:44″ data-editable=”settings” data-headline=”Attention holiday shoppers: Buy now before it is out of stock” data-index=”idx-15″ data-show-name=”The Lead” data-show-url=”https://www.cnn.com/shows/the-lead” data-source=”CNN” data-uri=”archive.cms.cnn.com/_components/video-resource/instances/h_7f26c42d1009f67609d21fd2fc02940e” data-video-id=”business/2021/11/16/holiday-shopping-shortage-foreman-lead-dnt-vpx.cnn” data-video-instance=”archive.cms.cnn.com/_components/video-resource/instances/h_7f26c42d1009f67609d21fd2fc02940e”>
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Attention holiday shoppers: Buy now before it is out of stock
New York CNN Business —
Old Navy has long been the crown jewel of Gap’s otherwise inconsistent businesses. But now, even Old Navy is struggling. And that’s weighing on its parent company in a big way.
Gap (GPS) said Thursday it is replacing Old Navy CEO Nancy Green and launching a search for a new chief executive. Gap (GPS) also slashed its sales guidance for the first quarter of 2022 as a result of “execution challenges” at Old Navy and said it is ramping up promotions to clear out unsold merchandise.
The announcement sent shares tumbling around 20% Friday. As of Friday, Gap’s stock had dropped around 57% over the past 12 months.
Old Navy, a budget brand targeting families, is Gap’s most important brand, accounting for more than half of Gap’s total sales. (In addition to its namesake brand, Gap also owns Banana Republic and Athleta.) Green had been Old Navy’s CEO since 2020.
Old Navy has pointed to supply chain problems for its recent struggles, but sales were slumping before supply chain snarls popped up during the pandemic.
Since Old Navy relies heavily on budget shoppers, there is also concern that the inflation squeeze on consumers could dampen spending at the brand, GlobalData Retail analyst Neil Saunders said in a note Friday.
Problems at Old Navy are a turnabout for a brand that was once considered so strong that Gap considered spinning it off into a standalone company in 2018. Gap called off those plans after Old Navy’s sales slumped in 2019. (They have since recovered.)
“Old Navy is Gap’s powerhouse brand,” and the entire company will struggle if Old Navy can’t turn things around, said Saunders.
Source: https://www.cnn.com/2022/04/22/business/gap-stock-old-navy/index.html
