Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
Retail is in the midst of getting a makeover, and The Container Store has a new store prototype decked out with tech upgrades and outfitted with organization studios, digital design screens and a lounge area.
The Coppell, Texas-based retailer is opening up its first revamped store in Dallas this week. The 40-year-old company wants to use the space as a testing ground before executing a grander rollout to its more than 90 shops across the U.S.
The overhaul comes at a time when many older brands are navigating a constantly evolving retail landscape as Amazon grows its private-label business and threatens to disrupt categories like furniture, clothing and grocery. Many retailers, including Target, Express and Abercrombie & Fitch, are remodeling their stores to compete.
"One of the things we want to do is make our stores more approachable," Container Store CMO Melissa Collins told CNBC. "We find customers feel overwhelmed and intimidated. They're not very organized — so they're thinking, 'How do I get started?'"
The Container Store's redesigned location in Dallas has a more open layout, a wider selection of inventory and design specialists on site for one-on-one appointments. According to Collins, the company "took a lot of cues from its online business" to determine where to invest more in bricks and mortar. Because many customers come to the website looking for projects and inspirational tips, the revamped store has much more of that, she said.
"This is also a confidence-building opportunity for our employees," Val Richardson, vice president of real estate at The Container Store, said. "We are having training sessions on the new technology to make sure they're much more comfortable using it."
Take a first look inside the Dallas store with these photos: