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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
As of April 2020, J.C. Penney saw its shares trading well below $1, and it has long been in danger of being delisted by the New York Stock Exchange. -from CNBC
Having started off as a mobile-first supermarket, Alibaba’s New Retail food chain now encompasses a range of store formats to cater to different consumer needs. -Alibaba Group
RETHINK Retail headed down to Miami to hear what retailers and vendors are up to in 2020. You'll hear from over 10 industry leaders about what trends are top of mind for bricks. -from Rethink Retail
Seizures of counterfeit products at U.S. borders have increased 10 fold over the past two decades as e-commerce sales have boomed. Most are coming from mainland China or Hong Kong. -from CNBC
Amazon Go Grocery lets you shop for fresh produce and just walk out, no wallet required. -from CNET
Many Wall Street economists feel it’s the US consumer who’s keeping another recession at bay. Here’s how US consumers help keep the global economy afloat. -from CNBC
JD.com is the largest online retailer in China. With over 300 million customers, we have a vast network of warehouses and delivery stations, and deliver most orders in less than a day.
From Albert Heijn Communicatie
Auto parts retailer AutoZone and its closest competitors are for now fending off competition from e-commerce giants such as Amazon by offering a lot of in-store service. - From CNBC
Page 8 of 17
There will be an Answer - Let it Be
Continuing our journey to learning something new, our next stop is the Rock N Roll Hall of Fame in Cleveland Ohio. This city was named after Moses Cleaveland, a surveyor from Connecticut who founded Cleveland in 1796 while surveying the Western Reserve.
Cleveland would go on to have the first electrified public square in 1879 (thanks to Charles Brush and his arc lamp), and become home to General Electric in 1892. It is also the city with the first indoor mall opening in the country in 1890.
Standing over Public Square is the Terminal Tower which when it opened in 1928, was the second tallest building in the United States. And if you needed some super inspiration, remember that Cleveland is where Superman was created by Jerry Siegel and Joe Shuster in the early 1930s.
Today, Cleveland is the home of the Rock & Roll Hall of Fame. The city’s own radio disc jockey Alan Freed both coined the term "rock and roll" and heavily promoted the new genre—and that Cleveland was the location of Freed's Moondog Coronation Ball, often credited as the first major rock and roll concert.
This photo is from the Rock & Roll of Fame featuring one of my favorite songs from the Beatles. “And when the night is cloudy there is still a light that shines on me. Shine until tomorrow, let it be.”
Retailers' Blind Spot for Holiday 2024
When asked about their top holiday concerns for 2024, retailers revealed a continued reliance on historical data for critical decisions, rather than leveraging current consumer feedback. Key uncertainties revolve around promotional strategies, understanding item volume drivers, and the potential impact of inflation. The outcome of the holiday season remains unpredictable, even from these insider’s perspectives. - From First Insights Read more
The Future of Retail in Asia-Pacific: From Turbulence to Resurgence
Why EV Leases Are So Cheap Right Now In The U.S. -CNBC
Automakers are offering steep discounts on electric vehicles, and especially on leases. In the first three months of 2024, less than a quarter of car buyers leased vehicles, but more than a third of EV buyers did. Read more
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