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Think Tank
Retail: Page 304
Automakers to Vastly Increase Plastics in Cars, Triple Carbon Fiber in Vehicles
By 2020, the average car will incorporate nearly 350 kg of plastics, up from 200 kg in 2014, according to analyst IHS Chemical. Meanwhile, the market for carbon fiber in car manufacturing will increase to 9,800 tonnes in 2030, up from 3,400 tonnes in 2013.
Best Buy Canada Launches In-store, Online Strategy as It Rebrands Future Shop Stores Under Best Buy Name
Best Buy Canada, a subsidiary of Best Buy Co., announced it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand and unveiled a plan to build a leading multichannel customer experience.
Amazon Launches One-hour Delivery in Parts of Dallas Metro Area
Amazon has announced that its Prime Now service has expanded to the Dallas area, offering one-hour delivery on tens of thousands of daily essentials through a mobile app.
Near Field Communication System Helps Luxury Sunglass Manufacturer with Returns Process
Luxottica Group, a global luxury sunglass and eyeglass company, reports that it has improved quality, as well as the efficiency of its receiving, quality-inspection and subsequent re-stocking of returned products, by between 30 and 50 percent, by deploying a Near Field Communication RFID system. The solution employs an NFC dangle tag attached to each frame, and software that enables workers to view data about the item, and to update its status via NFC-enabled tablets.
How the New UPS and FedEx Pricing Formula Is Affecting Shippers
We've had a few weeks to assess the impact on shippers of FedEx and UPS's adoption of dimensional weight pricing for all ground packages. What's the picture look like now?
Retailers Aren't Tapping Full Spending Potential of Younger Baby Boomers, Report Finds
Retailers in the United States are taking a huge risk by underestimating the buying power of the over-50 generation, according to a report by the Fung Business Intelligence Centre.
It's Becoming More and More Likely That Internet Retailers Will Have to Collect Taxes
Ripples of anxiety are likely to be coursing through internet retailers this month. That's because two events - the introduction of the Marketplace Fairness Act in the U.S. Senate and an opinion written by Supreme Court Justice Anthony Kennedy - made it more likely than it has been in 50 years that they will have to collect taxes in states where they don't have a physical presence. If that happens, out-of-state retailers would be compelled to collect sales and use taxes in almost 10,000 state tax jurisdictions that, according to the Tax Foundation, exist across the United States.
Multiple Challenges Remain to Connecting Emerging World to Internet
The internet already plays an indispensable role in the everyday life of billions. Yet the surface is only being scratched. The potential to bring new and more advantages to individuals around the world, and to benefit billions more people as they gain access, has few limits. Many of these benefits could have their biggest impact in emerging markets; unfortunately, these are the countries in which internet penetration and use often lag.
E-commerce Enables African Consumers to Buy Products Often Unavailable Otherwise
Chris and Tope Folayan, two brothers who grew up in Nigeria and attended college in the United States, founded MallforAfrica in 2013. Tope earned an M.B.A. from the Kellogg School of Management at Northwestern. After graduating, he returned to Lagos, while Chris remained in the United States. Their company makes it easier for Nigerians to place online orders for American and British products that are difficult to find in Nigerian stores and that online retailers don't offer directly to most African consumers because of troublesome customs duties and paperwork, shipping costs and the fear of fraud.
RFID Makes Great Inroads Into Apparel, General Merchandise Verticals
The results of the 2014 GS1 US Standards Usage Survey show that apparel and general merchandise manufacturers and retailers are using item level electronic product code-enabled radio frequency identification to enhance inventory visibility and respond to consumer demands for omni-channel options.
Barcoding, Inc. Launches Supply-Chain Architecture Practice
Barcoding Inc. has launched Supply Chain Architecture by Barcoding, a dedicated practice for the identification, formulation and management of "perfect order" fulfillment processes.
Cosmetics Retailers Plans Beacon Rollout to Push Content to Consumers
Cosmetics company Sephora is rolling out a Bluetooth Low Energy (BLE) beacon solution to provide content related to a shopper's proximity when that customer uses Sephora's app on an Apple iPhone. The beacon system is slated to be rolled out to all of the company's stores following a pilot of the solution that began in the fall at two San Francisco-area sites. The retailer has not indicated the timeline for the installation rollout. The beacons and content-management software are being provided by Gimbal.
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