To follow is a brief review of retail news from around the world: April 16 - JD.Com Plans to Open 1000 Stores Per Day The Chinese online retail giant opened a store a week in March and announced that their goal is to continue their rapid expansion of franchised convenient stores to reach 1 million in 5 years. From MINGTIAandI April 16 – Alibaba’s Tmall Launches New…
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IHA’s blog features informative posts written to keep the housewares industry educated and informed about key strategic issues and IHA member services.Le Petite Gourmet Shoppe
Location: La Grange, Texas Founded: 2006 Owner: Donella Dopslaug-Cernosek Square footage: 7,200, including 5,000 sq. ft. of retail space La Grange, Texas, is a small place with a big kitchenware store. At 7,200 sq. ft., Le Petite Gourmet Shoppe has more square feet of retail space than there are people in the town. While owner Donella Dopslaug-Cernosek says that…
CONTINUE READINGBeing Smarter About Smart Home
by Joe Derochowski, The NPD Group In the first 11 months of 2017, U.S. dollar sales of home automation products increased 40 percent, with strong growth across all device types, according to The NPD Group’s Retail Tracking Service. Home automation products were among the fastest selling items during the 2017 holiday season – over Thanksgiving week and Cyber Week, home…
CONTINUE READINGApril Currency Outlook
In their April 2018 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections: In Brief The USD fell by more than half of a percentage The Fed raised interest rate to 1.75%, signaling confidence The European Central Bank changed policy language, removing allowance for…
CONTINUE READINGTechnological Advancements in IoT Transforming the Way Consumers Interact With Their Products
By Dina Abdelrazik Dina Abdelrazik, research analyst at Parks Associates, recently sat down with Research and Markets to discuss technological advancements in the Internet of Things (IoT) and how they’re transforming the way consumers interact with their products. The Connected Lifestyle How have technological advancements affected the adoption, usage and retention of the…
CONTINUE READINGSpeak, Swipe, Smile: How Virtual Assistants Are No Longer Just About Voice
By Chris Albrecht Amazon’s Alexa plays a central role in my family’s morning routine: she tells us the weather, plays the radio and sets timers so we can catch the bus. Alexa is great for simple tasks, but she and other smart speakers stumble when it comes to more complicated requests. That’s just a limitation of having only a voice and speaker interface. But the way we…
CONTINUE READINGLifestyle Guru Tom Mirabile Shares Insights for Thriving in Today’s Retail Renaissance
“We succeed by embracing change” is his theme at 2018 International Home + Housewares Show It’s no secret the marketplace is experiencing unprecedented and rapid changes in how consumers gather information, shop and buy products. But these changes represent tremendous opportunities for the housewares industry, said Tom Mirabile, consumer trend forecaster for the International…
CONTINUE READINGHousewares Charity Foundation Raises $1.8 Million at 21st Annual Gala
The housewares industry came together to “Unite, Celebrate, Support” and raised $1.8 million during the Housewares Charity Foundation’s (HCF) 21st annual gala on Monday, March 12. Proceeds from the event, held at Chicago’s Navy Pier, benefited the Breast Cancer Research Foundation (BCRF), the HCF’s legacy charity. Since the first gala in 1998, HCF has raised more than $50…
CONTINUE READINGEight Companies Honored with Global Innovation Awards for Booth Excellence
Eight International Home + Housewares Show exhibitors were honored with Global Innovation Awards (gia) for Booth Excellence on Monday, March 12, with two companies named Global Honoree. Two finalists were selected in each Show expo, one each for large and small booths. The winners were announced during special presentations at the 2018 International Home + Housewares Show at…
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