Sales & Marketing

New York -- The Howard Hughes Corp. announced that The Momofuku Group will open a new restaurant concept in the revitalized Seaport District in Lower Manhattan.

Select Comfort, operator of 490 Sleep Number stores, named several executives to key new roles following a supply chain disruption that cause fourth same-store sales to plummet 30%.

Select Comfort named Suresh Krishna to the role of senior VP and chief operations, supply chain and lean officer, effective April 11. He will report directly to CEO Shelly Ibach and assumes responsibilities previously held by Kathy Roedel. She served as executive VP and chief services and fulfillment officer and will retire effective April 7.

Consumers are shopping online more than ever before, and are especially fond of one particular platform to support the activity.

According to the comScore “2016 U.S. Cross-Platform Future in Focus” report from comScore, desktop and mobile digital commerce accounted for 15% of U.S. consumer spending in the fourth quarter of 2015. This was up from 12.5% the same quarter a year earlier and also represented an all-time high percentage.

A few months after Whole Foods Market and The Fresh Market initiated price-cutting strategies to lure more shoppers, Trader Joe's has apparently followed suit, according to a new report.

New data from Deutsche Bank indicates that prices on 77 similar items at a New York-based Trader Joe's store and nearby Whole Foods found that Trader Joe's was about 26% cheaper, a decrease from a similar analysis Deutsche Bank did in 2013.

When it comes to what keeps retail CEOs up at night, put exchange rate volatility and over-regulation at the top of the list.

That’s according to PwC’s 19th Annual Global CEO Survey, which explores top business concerns of retail and consumer product CEOs.

Of the many different political, social and economic risks businesses face, those that concern retail sector CEOs the most are over- regulation (37% are extremely concerned), exchange rate volatility (36%), an increasing tax burden (33%), and social instability (29%).

Online fashion site Revolve has entered the world of physical retail with what the brand describes as a “social club.” And similar to an exclusive high-end club, it’s got a members-only model.

Starbucks is one of the first brands to leverage a new music and entertainment media platform from PlayNetwork.

To further increase both customer and employee engagement, Starbucks can now enable partners (employees) to select in-store playlists and provide a uniquely curated listening experience for customers. The chain is using the platform in more than 7,500 U.S. stores.

The Kroger Co. is reportedly planning to expand its ClickList click-and-collect service to the Lone Star State in summer 2016. According to the Cincinnati Business Journal, Kroger will offer ClickList, which lets customers order groceries in advance and pick up them up at a predetermined time at a local store, at select stores in the Houston and Dallas markets. Those markets contain a total of 214 stores, including some in Louisiana, but the retailer intends to offer ClickList at about 20 stores in each metro area.