Retail industry
Chipotle Mexican Grill will test robotic tortilla chip maker ‘Chippy’ in California restaurant
Chipotle is testing out an autonomous kitchen assistant, Chippy, which offers a robotic solution for making chips in restaurants. Courtesy: Chipotle Chipotle Mexican Grill is moving one step closer to having a robot make its tortilla chips. The burrito chain said Tuesday that it will test “Chippy,” an autonomous kitchen assistant made by Miso Robotics, […]
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We’re delighted Amazon’s second Prime Day promises to boost sales ahead of the holidays
The announcement of a second Prime Day from Amazon (AMZN) sent shares of the e-commerce giant higher Monday. As shareholders for the Club, we’re encouraged by the prospect of Prime’s 150 million global members increasing their online retail spending ahead of the holiday season. The two-day global shopping event, dubbed the Prime Early Access Sale, […]
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Christie’s launches ‘Department X’ as collectible sneakers and street-wear boom
Nike Unreleased Air Jordan VI Donda West Sneaker CHRISTIE’S IMAGES LTD. 2022 Christie’s is launching a new department to capitalize on the booming market for collectible sneakers, streetwear and sports history. The auction house on Monday announced its Department X, giving Air Jordans and Supreme skate decks their own category, alongside Impressionist & Modern Art […]
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Peloton’s head of marketing latest executive to leave company
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Peloton’s head of marketing is leaving the company, just weeks after a broader executive shake-up at the exercise equipment […]
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Walmart enters the metaverse with Roblox experiences aimed at younger shoppers
Walmart is entering the metaverse with two experiences premiering Monday on online gaming platform Roblox. The retail giant’s first foray into the virtual world will feature a blimp that drops toys, a music festival with hot artists, a bunch of different games, and a store of virtual merchandise, or “verch,” which matches what customers may […]
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What Kroger, Walmart, Target learned from China’s Alibaba about grocery’s future
Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. It’s a concept that originated in China in 2016 when founder […]
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Check in, smoke up and tune out: Cannabis-friendly vacation rentals are catching on
At her bed-and-breakfast Nicole Butler hosts backyard potlucks with THC-infused food. Photo: Nicole Butler At Nicole Butler’s bed-and-breakfast, cannabis is in the candy that greets guests at check-in, the homemade shrimp and grits and other meals she serves, and the snacks she sets out for anyone who gets the munchies. “I’ve really just tried to […]
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With representation lacking in media, Emilio Estefan urges Latinos to embrace their identities
Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities. “I feel proud that I didn’t have to change my last name I didn’t have to change my sound because people liked it,” he said. “We bring something […]
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Latinos are seeing the least amount of growth in corporate board representation, new findings show
Latinos are the second largest demographic population in the United States, but they are vastly underrepresented on corporate boards, according to a new report by the Latino Corporate Directors Association. “Sixty-five percent of Fortune 1000 companies lack Latinos, and Latinos are seeing the least growth of any other group,” Esther Aguilera, CEO of LCDA, told […]
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Costco isn’t raising membership fees after earnings beat expectations
Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida. Paul Hennessy | Sopa Images | Lightrocket | Getty Images Costco is still holding off on raising its membership fees after reporting fiscal fourth quarter results that beat expectations. The retailer typically raises fees around every five years, but hasn’t said […]
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