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The U.S. is facing a warehouse shortage, with 1 billion square feet of new industrial space needed by 2025 to keep up with demand, according to commercial real estate services company JLL. -from CNBC
Consumers have flocked to “buy now, pay later” businesses in recent years as a way to make big purchases more manageable. In fact, these new services have become big competition for store credit cards
Singles Day in China is the world’s largest annual shopping extravaganza. Its creator, the e-commerce giant Alibaba, is now exporting the event to the rest of the world.
With food markets on a wild ride lately, cheese has seen more volatility than most. Yet in supermarkets, prices have remained relatively stable.
Warby Parker was one of the original direct-to-consumer brands, but now, the eyeglass-maker’s sales are split about evenly between its more than 140 brick-and-mortar locations and its online store.
Speedy grocery delivery is booming, but competition and high running costs could hinder growth. Startups are promising to deliver groceries to your doorstep in minutes, stepping up competition.
The pandemic sent food prices skyrocketing amid a slew of supply chain disruptions, but food costs have been steadily rising over the past five years.
Store X is the latest big-box format at Alibaba's grocery retailer Freshippo and is part of the group's strategy to combine the best practices from both online and offline shopping.
Dollar General has reported 31 consecutive years of growth and is opening new U.S. stores every day. In this video, WSJ takes an inside look at how the discount retailer keeps expanding,
While many industries were ravaged by the pandemic in 2020, the toy industry enjoyed a 16% increase or $3.5 billion in sales from 2019. -from CNBC
The FT explores the latest moves by big brands like Ikea and Decathlon to resell and recycle damaged and rejected stock that would otherwise be broken down or discarded.
Watch how the platform has evolved livestreaming technology into the number one way of engaging consumers in China.
This report in collaboration with Coresight Research explores the challenges retailers experience with in-store execution, and shows how technology can enable smoother store operations. -from Trax
When Amazon unveiled plans to build their new, second headquarters in 2017, the company received no less than 230 proposals - requests, really - from cities and states across the USA.
Part social gathering spaces, part retail meccas, malls were once the centerpiece of the suburban American experience. Now, faced with challenges from all sides, most are barely hanging on.
By the early 20th century, Sears was already a household name across the United States. Sears was innovative in founding some of our most familiar brands. -from Recollection Road
RILA / McKinsey Knowledge Partners analysis which identified seven imperatives that can give retailers the ability to adapt to a changing consumer landscape while pursuing new opportunities.
Online pet retailer Chewy has seen a surge of growth over the past year as millions adopted new pets. WSJ spoke with Chewy’s CEO to learn how the company handled the pandemic pet boom.
Barcodes have radically changed the world, helping fuel the rise of everything from massive companies like Walmart to major world powers like China. -from Cheddar
DoorDash and Uber Eats, the two largest delivery apps by market share both saw their sales double from the end of 2019 to the end of 2020.
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Chi va piano, va sano, e va lontano
Continuing our global virtual tour to learn something new, our next stop is Helsinki, Finland. The words opening this post are Italian and they mean “those who go slow, are healthier, and will go the distance.”
Helsinki is the most northerly of all the continental European capitals. The location was established as a trading town by King Gustav I of Sweden in 1550 and today is the largest city in Finland.
Known as the ‘Daughter of the Baltic’, Helsinki is the world’s coldest capital with a yearly average temperature not exceed 0°C (32°F).
The local government heats the granite slabs from underground during the winter, making the sidewalks in the center of the city completely snow-free. For about six weeks in the year, you also won’t see the sun because it is so close to the arctic.
Helsinki is an unusual capital as not only does it include the mainland located on the Gulf of Finland, but also includes 300 islands that are connected by many bridges. Take an 8 hour and half train ride North from Helsinki and you will meet the real ‘Santa Clause’.
The picture in this post is from one of favorite casual restaurants in Europe that I initially discovered in Zurich Switzerland called ‘VAPIANO’. Literally it means ‘go-slowly’, and they have locations in 25 countries, including Finland.
Favorite memories of Helsinki and Finland include multiple meetings with major retailers and visiting their stores, the great food, the warm hospitality of the locals, and those very warn ‘sauna’ experiences during the cold winter visits.
Paraphrasing those Italian words opening this post, “slow and steady will always win the life race.” Live your dreams and remember it is indeed a small world after all.
PwC's Global Economic Crime & Fraud Survey 2022
46% of surveyed organizations reported experiencing some form of fraud or other economic crime within the last 24 months. 1 in 8 organizations experiences new incidents of supply chain fraud as a result of the disruption caused by COVID-19. – From PwC Read more
Inflation is not Changing E-commerce Return Policies
Only 40% charge customers for returns shipped back to the retailer. In recent months retailers have been exploring the option of simply allowing customers to keep items and refunding their money. - From FreightWaves.com
How These Companies Are Taking Over Car Dealerships -CNBC
Car dealerships have been mom and pop businesses for much of their existence. But the industry has been slowly consolidating. Six publicly traded dealership groups have been on a have been on a shopping spree, buying up dealerships. Read more
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