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J.Crew was the first big retail chain to file bankruptcy in the wake of coronavirus lockdowns. -from WSJ
Starting with the opening of the Southland Mall in 1956 malls have been a vaulted piece of Americana for decades. But in recent years they’ve rapidly lost their value. -from Business Insider
Amazon Alexa Example of the Future of Retail. 43% of voice-enabled device owners use the technology to shop. Nearly 5.5 million USA adults make purchases with their smart speakers. -TDInsights Live
WSJ tracked hundreds of store closures, coronavirus statistics and lockdown measures to piece together Apple’s shutdown strategy.
A typical day in the life after COVID-19 for shopping center employees in China as they go about their daily work routine.
Will the coronavirus pandemic lead to long-term changes in how we shop for food? -from WSJ
Latest video from Inditex summarizing their over 1 billion Euros ($1.13 billion) investment in innovation including RFID, self-checkout, and mobile pay.
Analysts and economists are paying close attention to monthly retail sales numbers as a way to gauge how the economy may be recovering from the impact of the coronavirus pandemic. -from WSJ
When the coronavirus pandemic hit, Kohl's closed all of its stores nationwide on March 19, and wasn't able to reopen until early May. -from CNBC
Since most of the U.S. entered lockdown mode, almost all of Wayfair’s brick and mortar competitors shut their doors leaving Wayfair as essentially the only game in town for home furnishings -from CNBC
At the height of its success, J.Crew and its sister company Madewell were operating in over 100 countries and had over 500 stores. -from Business Insider
On March 12th, during the Great Toilet Paper Panic of 2020, sales of toilet paper ballooned 732% compared to the same day the previous year. -from Fortune Magazine
Airbnb was supposed to be the hottest public offering of 2020. Instead, the home-sharing giant just cut 25% of its workforce and expects revenue to be less than half of what it was in 2019. -from WSJ
J.C. Penney rose to prominence as a national retailer by dressing the middle class for over a century. -from WSJ
The plastic cash substitute has been the most popular holiday item on shoppers’ lists for 13 years in a row, as of 2007. -from CNBC
Online grocery delivery is seeing exceptional growth amid the coronavirus. Over the last few weeks, Instacart has seen customer order volume increase more than 500% year-over-year. -from CNBC
New retail concepts are challenging the traditional store format and pushing the boundaries of innovation. -from Euromonitor International
Experts tell us that measures like contactless shopping and curbside pick up are likely to continue and we may see changes to way we navigate stores. -from Global News
China's retail sector is gradually getting back to business. Most optimistic about future despite the disruptions caused by the coronavirus outbreak & are making efforts to adapt to the changes.
Get fresh groceries and more with no-contact grocery delivery. It’s easy! Place your order on http://walmart.com/grocery or in the app. -from Walmart
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Continuing our journey to learn something new, we travel to the War Rooms Museum in London England. The Churchill War Rooms is a secret underground headquarters which offers a fascinating glimpse into Britain's wartime operations, featuring the Map Room, Cabinet Room, and Churchill's office, all preserved as they were on the day the lights went out in 1945.
In the underground Cabinet Room Churchill and his key ministers and advisers would meet with the Chiefs of Staff to make important decisions about the course of World War II. Churchill was known to push his military chiefs far beyond their comfort zones, so it was likely to be a place of tension and confrontation.
The War Rooms were a top-secret location, with strict security measures and a focus on maintaining confidentiality, even down to the typewriters being noiseless. A tiny room disguised as a toilet was used for secret conversations between Churchill and the US President.
You can find some poignant graffiti, including a hand-drawn image of Adolf Hitler, in the Chief of Staff meeting room. To alleviate the health problems associated with working underground for prolonged periods of time, staff had to strip to their underwear, put on protective goggles and stand in front of portable sun lamps.
Churchill’s leadership lessons emphasize unwavering resolve, inspiring communication, and the importance of character and conviction, particularly during times of crisis. Visiting his War Rooms was inspirational.
As he also famously said, “a pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” My glass for visualizing success has always been half-full. What you visualize and action through continuous learning is what you will ultimately achieve. Believe in yourself and your dreams. Failure is never final. Reset, keep calm, and always carry on.
US Tariffs: What's the impact on global trade and the economy?
J.P. Morgan Research has lowered its estimate for 2025 real GDP growth due to heightened trade policy uncertainty, the effect of existing tariffs and retaliatory measures by foreign trading partners. Real GDP growth is now expected to be 1.6% for the year, down 0.3% from previous estimates. - J.P. Morgan Read more
Most Common Types of Fraud in America
China Coffee Wars — Why Starbucks Is Losing The Battle With Luckin -CNBC
Despite adding around 1,500 new stores between 2022 and 2024, Starbucks’ revenue hasn't increased. Competition from chains like Luckin, Cotti and Manner have increased sharply in the years following the pandemic. Read more
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