Doug McMillon Walmart CEO

Walmart Continues Its Transformation Into A Technology Company

At this past June’s Walmart Associate and Shareholders Meeting, CEO Doug McMillon continually referred to Walmart as a “technology company.” That had many people scratching their heads saying, in effect, Walmart is not Microsoft, Google or Amazon, for heaven’s sake. MIT Technology Review asked, “Walmart wants us to believe it’s turning into a tech company?” Doubters need […]

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British Luxury Brands Have All Eyes on US Market with Brexit Looming

“The British are coming!” That was the shout heard round New York City recently as a delegation of 18 British luxury brands converged in America’s luxury capital to talk luxury, British-style. The meetings were organized by Walpole, a non-profit group representing the “voice of British luxury,” and the government-funded GREAT Britain campaign. With Brexit looming, […]

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Versace fragrance

Can Michael Kors’ Capri Become the American LVMH?

When the news broke that Michael Kors Holdings paid $2.12 billion for Italian fashion brand Gianni Versace S.p.A., people were surprised at the price. Calling the offer “a rich one,” the Wall Street Journal reported the brand had generated only $17.5 million in profits last year. Investment analyst Oliver Chen with Cowen and Company was more bullish about the […]

Anthropologie Entrance

Urban Outfitters Introduces A New Concept for Anthropoligie Called Devon Yard

Urban Outfitters Inc. just reported a bang-up second quarter. Overall sales rose 13.7% to reach a record $992 million in the second quarter 2018. The company attributed those gains to “double-digit growth in the digital channel and positive retail store sales,” noting a comparable retail store increase of 13%. The company remained conservative in its […]

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Martin Patrick 3 store interior

Minneapolis’ Martin Patrick 3 May Be the Hottest Retailer in the Hottest Retail Market

Fast Company magazine recently identified five cutting-edge retailers that have figured out how to compete in the age of Amazon and bring shoppers back to the physical store in an article entitled “The future of retail in the age of Amazon.” Three of the five retailers profiled – Mall of America, Target and Martin Patrick 3 […]

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