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If we are going to understand the disruptive future of retail, there are 3 myths that we need to dispel away. - From Mike Walsh YouTube Channel
The National Retail Federation’s annual 2022 survey found that the average shrink rate — an industry term for lost inventory — was 1.4%. That translates to nearly $95 billion in losses. - From Scripps News
Millard Drexler, Alex Mill CEO and Proprietor, discusses the big issues in the retail and why he believes the market is not calming down. - From Bloomberg Television
CNET looks at how technology is shaping the future of shopping at NRF 2023 expo in New York. Advancements in image recognition, combined with artificial intelligence, are keeping an eye on both the products and customers. - From CNET
At $67.2 billion, the sporting goods industry became one of the fastest-growing industries in the U.S. in 2022. Dick’s Sporting Goods controls an estimated 14.2% of that market, the most of any company.
This early stage project uses low-cost RFID chips and scanners, and a novel use of blockchain, to tackle theft of powered products in a way that is virtually invisible to retail customers. - From Lowe's Innovation Labs
Bed Bath & Beyond recently warned it may be filing for bankruptcy in just a few weeks. WSJ’s Suzanne Kapner explains the roller coaster of events over the past six months that led to this low point for the company.
The quantity and quality of counterfeit sneakers has never been greater. As online sales boom, many buyers are deliberately choosing the steal over the real.
Customer returns are skyrocketing in the U.S., but many items don’t go back to retailers’ shelves. WSJ looks into the complicated process and how retailers are responding to increasing returns.
When will soaring inflation finally come to an end? Economists weigh what's ahead and provide their valuable insights into what's in store for 2023.
U.S. regulators say Wells Fargo has repeatedly misled and overcharged its customers. These allegations have rocked the 170-year-old bank, which still stands as one of the largest lenders in the U.S.
Nearly a year after CEO Mark Zuckerberg announced the rebranding of Facebook as Meta and a shift in strategy to focus on the metaverse, internal documents show the company falling short of its goals.
If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Why? Just blame the bullwhip effect.
Target's first and only foray into international markets happened in 2013 in Canada. The retailer opened a total of 133 stores in just over a year. But the expansion didn't go as planned.
With severe wildfires, hurricanes and other natural disasters becoming more commonplace, current technologies that alert people to impending danger sometimes fall short.
Five years ago, Amazon bought Whole Foods for $13.7 billion. Since then, there’s been a lot of changes, including a new CEO starting Sept. 1. It added a palm-scanning payment option, hundreds of cameras and sensors to enable checkout-free shopping.
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.
After years of declining sales, Bed Bath & Beyond is facing an existential crisis. WSJ explains why the company has fallen on hard times and looks forward to what’s next for the veteran retailer.
How a product is classified can mean either big savings or big costs for the company that sells it. In this episode we explain how companies engineer their products to avoid tariffs. -from Cheddar
As inflation climbs in the U.S., rising food and energy costs have pushed the nation’s most popular price index to its highest level in four decades.
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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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