Mobile retail apps: Balancing benefits with costs

Sean Keith, director of new business development at Eagle Eye, writes that it’s clear mobile retail apps provide a platform to engage an increasing number of shoppers at crucial moments in the shopping journeys. But retailers need to consider the costs involved and the utility that effective retail apps provide.

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Digital drives same-store growth for Walmart

Walmart saw more than half its gain in same-store sales during the second quarter driven by a 37 percent rise in e-commerce revenues. The retailer also announced that next-day deliveries are now available to 75 percent of American households as the chain leverages its physical footprint to expedite in-store pickup and grocery home delivery.

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Amazon opens hometown 4-star store

Amazon has opened one of its 4-star stores in its home city of Seattle. The new store, the fourth overall for concept, features highly rated products sold on the e-tail giant’s site as well as other items that are in high demand locally.

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Kate Spade drags on Tapestry’s earnings

Same-store sales at Kate Spade fell six percent in the second quarter despite parent company Tapestry’s earlier forecast that the brand was on its way to turning its business around. Shares of Tapestry, which also owns Coach, fell as much as 17 percent on the news

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Palm oil supplier charged with treating workers like slaves

Migrant workers involved in producing palm oil for FGV Holdings Berhad in Malaysia are being subjected to “slave-like” working conditions where they are forced to sign contracts they do not understand, working in debt and being forced to give up their passports. FGV supplies many of America’s largest food companies including Mars, Nestle and others.

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Revlon to explore its options

MacAndrews and Forbes, the holding company that owns 87 percent of Revlon’s stock, disclosed in a SEC filing that the company has hired an external financial adviser to help it explore its strategic options. The cosmetic brands company has seen its share price fall 39 percent this year.

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