1. Retail Operations

IKEA to make $2.2 billion investment in U.S. omnichannel ops

Written by Posted on Less than 0 min read

IKEA will invest $2.2 billion over the next three years to open 17 new stores and pickup locations to drive omnichannel sales for the long haul. The investment is the biggest that IKEA has made since entering the U.S. market almost four decades ago.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Trends & External Forces

FDA Recalling Eye Ointments Sold at Walmart and CVS Due to Sterility Issues

The FDA has recalled eye ointments sold at Walmart and CVS due the potential for infections or harm to the eye. View Original Article Walmart Government CVS RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years […]
< 1 min read
0
  1. Stores & Formats

Grocery stores flood into a crowded Charlotte market

Publix, Lidl, Lowes Foods and Sprouts Farmers Market are adding new stores this year in the increasingly competitive Charlotte, NC, market. Walmart, Harris Teeter and Food Lion are the three biggest grocers by market share in Charlotte, which currently has 722 food stores. View Original Article Weather Ahold Delhaize Lowes Kroger Lidl Publix Walmart Dept. […]
< 1 min read
0
  1. Trends & External Forces

Fake Stanley Cups Are Duping Customers

The popular insulated tumbler is causing a commotion among shoppers who are being duped by fakes in search of the real thing. View Original Article Legal & Criminal Shoppers RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over […]
< 1 min read
0
  1. Shopper & Customer

Fed report finds Americans are ‘reluctant’ to make big purchases

Consumers are continuing to spend, albeit with a bit more reserve, as evidenced by a new Fed report that shows outstanding credit growing at a slower rate than expected. “Consumer spending certainly isn’t falling off a cliff, but we are seeing ample evidence that Americans are becoming more reluctant to make certain purchases, especially larger […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Your Amazon Packages Will Soon Come Faster — If That’s Even Possible

Amazon has announced plans to double its number of same-day delivery facilities in the coming years, aiming to offer even faster delivery services. The company reported delivering over 1.8 billion packages in the same or next day to U.S. Amazon Prime members this year, a significant increase from 2019. While this expansion will provide more… […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon To Invest $7.2 Bln in Israel, Launches AWS Cloud Region

Amazon.com has announced plans to invest approximately $7.2 billion in Israel by 2037 and has launched its Amazon Web Services (AWS) data centers in the country. The AWS cloud services will allow the Israeli government to run applications and store data locally, contributing to the country’s digital transformation in the public sector. With this expansion,… […]
< 1 min read
0
  1. Media & Marketing

TikTok ad revenues are less than projected

TikTok has cut about $2 billion off its goal for 2022 ad revenues, citing a global economic downturn and the subsequent cut in marketing budgets. View Original Article Marketing: Social Media Economy TikTok RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a […]
< 1 min read
0
  1. Associates & Employees

Instacart Just Slashed Pay For Delivery Drivers — From a Minimum of $7 per Order to $4. Now They’re More Reliant on Your Tips.

Instacart has implemented a significant pay cut for its delivery drivers, reducing the minimum base pay per order from $7 to $4. This change, which makes drivers more dependent on customer tips, has sparked anger among the workers who say it is now harder to earn a decent income on the platform. Drivers’ earnings have… […]
< 1 min read
0
  1. Associates & Employees

Walmart Sued by US Agency Over Test That Screened Out Disabled Workers

The Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Walmart, alleging that the company wrongfully terminated hourly workers with disabilities who couldn’t pass a computer-based test unrelated to their job duties. The test, implemented by Walmart nationwide in 2015, reportedly lacked accommodations for workers with disabilities as required by federal law. The EEOC… […]
< 1 min read
0
  1. Uncategorized

Regional Banks Face Unrest and Warn of Possible Crisis

About a year ago, the collapse of three midsized American banks sent shockwaves through the industry. Now, it seems we’re heading back toward uncertain territory, as the specter of commercial mortgage defaults looms over regional banks. View Original Article RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion […]
< 1 min read
0
  1. Trends & External Forces

Small Businesses Battle Inflation and Workforce Shortages

The United States economy continues to be a source of concern for small businesses, with the ongoing worker scarcity and relentless inflation feeding into their pessimism. A slight rise in the Small Business Optimism Index was reported for December, but the atmosphere remains gloomy. View Original Article Associates Economy RetailWire Member since October 25, 2020 […]
< 1 min read
0
  1. Channel & Retailers

MrBeast Says ‘Ghost Kitchen’ Partner Is Hurting His Brand With ‘Terrible Quality’ Burgers

YouTube star MrBeast, whose real name is Jimmy Donaldson, is suing his business partner Virtual Dining Concepts over the poor quality of the burgers bearing his name. The collaboration involved building an online food service to deliver MrBeast-branded foods, but customers have complained about issues such as raw meat, missing parts of their orders, and […]
< 1 min read
0
  1. Channel: Restaurants

Starbucks Collaborates With Artist Damon Brown

Starbucks has revealed a special collection of cups made in collaboration with artist Damon Brown. View Original Article Restaurants RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional […]
< 1 min read
0
  1. Channel: Club

Costco’s March numbers aren’t very Costco-like

Costco reported a 2.6 percent gain in same-store sales for March, below the 3.9 percent expected by Wall Street. The warehouse club saw its numbers pulled down by weakness in its non-foods business. View Original Article Costco Operations & Supply Chain Economy RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s […]
< 1 min read
0
  1. Trends & External Forces

Stocks retreat on fears that U.S. economy will keep still running hot

The Commerce Department’s last reading of the year, which tracked the economy between July and September, showed an increase in the gross domestic product (GDP) of 3.2 percent, indicating to Wall Street that the Fed may continue interest rate increases in efforts to tamp down inflation. View Original Article Economy RetailWire Member since October 25, […]
< 1 min read
0
  1. Technology & Innovation

OpenAI CEO among tech leaders saying AI poses an existential risk to humanity

OpenAI CEO Sam Altman is among over 350 technology industry executives and researchers who have signed a one-sentence statement released by the nonprofit Center for AI Safety. “Mitigating the risk of extinction from AI should be a global priority alongside other societal-scale risks such as pandemics and nuclear war,” the statement reads. View Original Article […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Robots may outnumber humans at Amazon in a few years

Cathie Wood, CEO and chief investment officer at Ark Invest, thinks that robots will outnumber humans working at Amazon.com facilities in the near future. “Amazon is adding about a thousand robots a day. … If you compare the number of robots Amazon has to the number of employees, it’s about a third. And we believe […]
< 1 min read
0
  1. Holiday & Events

Target is ‘shouting’ value for the holidays with bold in-store merchandising

KEY POINTS Target’s holiday season has become high stakes after the retailer put up three disappointing quarters. It cut its forecast for the fourth quarter last month. The big-box retailer is trying to cater to value-minded shoppers with prominent price signs, a holiday price match guarantee and budget-friendly gift items. Target is stressing value this […]
5 min read
0
4
  1. Channel: Restaurants

Chipotle settles case and denies it closed store to bust union

Chipotle Mexican Grill will pay a total $240,000 in back pay to former workers who allege the chain closed their restaurant and fired them because of union organizing activity. The union claims the settlement shows Chipotle’s true intentions. Chipotle disputes that assertion. “We settled this case not because we did anything wrong, but because the […]
< 1 min read
0
  1. Channel: Dollar/Value

OSHA finds more ‘dangerous safety hazards’ at Dollar General stores

Inspectors from the Occupational Safety and Health Administration (OSHA) found that Dollar General stores in New Jersey and Pennsylvania were putting staff members at risk by failing to comply with federal laws. Dollar General has been fined $15 million since 2017 for blocked emergency exits and other failures to comply with safety measures. The dollar […]
< 1 min read
0
Next