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Ikea wants to make smart home tech easier to use, more affordable

Retail Dive

A smart home hub, like the company’s Dirigera, is required to add Matter-enabled products to a home setup. “Until now, smart home technology hasn’t been easy enough to use for most people, or affordable enough for many to consider,” David Granath, range manager at Ikea of Sweden, said in a statement. Please select at least one newsletter.

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As Consumer Demand for Inclusion Rises, Retailers Must Tackle Legacy Issues and Attitudes

Retail TouchPoints

There is no standardization across the industry and inconsistent sizing leads to markdowns and returns. The Solution: For retailers that want to minimize markdowns and improve margins on their brand portfolio, reducing overbuying is key. It’s an unsustainable and wasteful cycle because one size doesn’t fit all.” Challenge 3: Pricing.

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Ulta Beauty breaks into the UK with Space NK acquisition

Retail Dive

Space NK will function as a stand-alone subsidiary of Ulta and continue to be led by CEO Andy Lightfoot and the rest of its management team. The acquisition will not interfere with Ulta’s other capital allocation plans for the year, the company said. You can unsubscribe at anytime. Sign up A valid email address is required.