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The line between Amazon and Walmart is becoming increasingly blurred, as the two companies seek to maintain their slice of the estimated $5 trillion retail market.
A record number of online returns has created a booming $644 billion liquidation market.
Despite all the fake reviews on Amazon, there are professionals who earn a living reviewing products. Sean Cannell makes tens of thousands of dollars a month as a professional Amazon reviewer
Warehouses in California’s Inland Empire are a crucial step in the U.S. supply chain. Low warehouse vacancy rates in the area combined with port delays are creating a perfect storm.
Supply chain issues, record job loss and high inflation means shoppers are looking for a good deal. That’s good news for discount dollar stores.
A spike in smash-and-grab robberies is driving retailers to find new ways to boost security and protect merchandise this holiday shopping season.
As supply chain chaos causes shipping delays this holiday season, experts say Amazon’s logistics empire and predictive analytics will allow it to avoid the worst of it. -from CNBC
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
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Continuing our journey to learn something new, our next stop is the Grand Bazaar in Istanbul Turkey. It all began in the year 1455 when Mehmet the Conqueror, the Ottoman Empire’s visionary leader, decided to establish a center of trade in the heart of the city.
Today the Grand Bazaar or as known to locals as the Kapalıçarşı is one of the world’s most famous shopping destinations. Its 30,700 square meters (330,452 square feet) covered retail mecca is a wonder to get lost it.
Inside the Bazaar’s 64 streets and smaller alleyways are roughly 4,000 stores, a mosque, post office, cafes, banks, delicious spices from the orient galore, local foods, and even a police station. You might call it a mini or maybe even better a mega city mall plus.
As a tour guide correctly wrote, the Grand Bazaar in Istanbul is a living testament to the city’s rich history and vibrant culture. It is a place you can shop for exquisite treasures, indulge in delectable flavors, and immerse yourself in the traditions of the past.
A special life-long friend who arranged for me to experience this special place once again is what inspired this summary. Retail has so many exciting places in the world where culture and humanity come together in an explosion of all your senses. Traveling back to Istanbul of what a great feeling it is to step away from your comfort zone, focus on the probabilities, vanquish the impossible, and create immersive experiences of a lifetime.
McKinsey Technology Trends Outlook 2024
Which technology trends matter most for companies in 2024? New analysis by the McKinsey Technology Council highlights the adoption, development, and industry effects of advanced technologies. The two trends that stood out in 2023 were gen AI and electrification and renewables. - From McKinsey and Company Read more
Visualizing the Cost of Hosting the Olympics
The Paris Olympics are estimated to cost over $9 billion to host, making them one of the less expensive Summer Olympic Games in recent memory. The International Olympic Committee requires cities to have at least 40,000 hotel rooms for spectators and an Olympic Village that can house 15,000 athletes and officials. - From Visual Capitalist
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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