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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 next stop in Sydney Australia. The nickname of Sydney is Sin City which was the name given in the 20th century because of the crime rate and corruption.
Sydney officially became a city in 1842. It is situated at a similar latitude to Cape Town and Buenos Aires in the Southern Hemisphere and Casablanca, Los Angeles, and Beirut in the Northern Hemisphere.
Lots of cultures can be found in Sydney where there are more than 250 different languages spoken with English, Arabic, Cantonese, Mandarin, Greek, and Vietnamese being the main.
The steel and concrete Harbor Bridge, in addition to the Opera House in this picture are some of the highest recognized landmarks in the world. The Harbor Bridge is affectionally nicknamed as the Coat Hanger.
The Sydney Opera House was listed as a UNESCO World Heritage site in 2007. Queen Elisabeth II inaugurated its opening on October 20, 1973. The roof is made of 2,194 precast concrete sections which way up to 15 tons. Eight Boeing 747s could sit wing-to-wing on the site.
Sydney was another business stop to meet with the local sales teams and major retailers. Favorite places like Sydney are what inspires my multi-cultural approach to business and life. It is a big world out there. Take the time to dream, explore, and discover the possibilities of creating a life with no regrets. The world will not come to an end today as it is indeed already tomorrow in Australia.
The Real Retail Reality: Stores Thrive Among Uncertainty
With new retail supply projected to drop by 45% in 2025, the focus is shifting to optimizing existing spaces. As a result, vacancy rates remain tight, and interest in existing retail properties continues to grow. Physical stores still account for the vast majority of core retail sales—76.2%—and the pace of erosion is slowing as online growth stabilizes. - From Colliers Read more
The 10 Most Common Scams in America and How to Avoid Them
Americans lost over $9 billion to scams in 2024 alone, with fraudsters targeting victims through phishing, fake jobs, IRS impersonations, and more. - From Infographic Journal
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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