July 26, 2017

wedding-flowersAs the sudden closing of Alfred Angelo Bridal shows, dealing with weddings can be unpredictable and continuously frustrating even on the business side. But the financial rewards are vast for those who manage to navigate this volatile sector successfully. The wedding industry earned $58 billion in revenue in 2016 and is expected to bring in $63 billion by 2021. The average wedding now costs $26,500 as couples spend generously over the year or so that they spend planning the big Continue reading

Continue reading...

July 13, 2017

charles-chanAs we’ve covered a couple of times already, this has been a difficult year for many American retailers. While brick-and-mortar stores struggle to compete with e-commerce outlets, online retailers as well must grapple with the ever-increasing might of Amazon. These seismic shifts in power have led many to wonder what the future of the industry might look like. Amazon has recently been experimenting with cashierless stores, but observers say the company still has a lot of work to do Continue reading

Continue reading...

david-mulderFor more than a decade, the growing e-commerce industry has turned the retail world on its head. From books to beds and everything in between, online shopping offers customers convenience and value that many traditional stores can’t compete with. Still, there’s at least one area of retail that e-commerce hasn’t conquered entirely: groceries. While experts estimate that 10 percent of all shopping in the U.S. now occurs on the Internet, overall online food sales are less than half that number. Continue reading

Continue reading...

June 19, 2017

robert-scobleA few months ago we looked at how increased competition has hurt sales at Whole Foods and slowed its growth in recent years. Faced with the possibility of shutting down stores, CEO John Mackey cleared five people from the board of directors, appointed a new chairwoman, and hired a new CFO. Executives even developed plans to cut costs while also improving operations.

Then suddenly everything changed: last week Amazon announced that it would buy Whole Foods for $13.4 billion. This Continue reading

Continue reading...

June 15, 2017

tupalo-zara2017 has not been a good year so far for many retailers. Chains like J.C. Penney and Sears plan to close hundreds of locations while J. Crew has posted 11 consecutive quarters of declining same-store sales. But as these formerly powerful brands struggle, the Spanish fashion giant Zara is thriving like never before. This week its parent company Inditex announced that first quarter sales jumped 18 percent to $733.3 million. Plus, total sales for Zara topped out at $6.3 billion, Continue reading

Continue reading...

meal-kitFor those who don’t want to take a trip to the grocery store or dine out, meal-kit startups like Blue Apron and HelloFresh bring dinner right to your doorstep. These companies place all the ingredients you need into a box along with detailed instructions about how to prepare your meal. And thanks to incessant advertising through new media platforms like podcasts, meal-kit startups have seen interest from consumers increase year after year. In fact, Blue Apron has been so successful Continue reading

Continue reading...

April 20, 2017

macysAfter losing a lot of ground during the Great Recession, today’s economic environment seems perfect for retailers looking to return to their glory days. Gas prices are low, wages are rising, and GDP has grown for the past eight years in a row. Still, even these seemingly ideal conditions can’t help this ailing industry. Nine retail chains have filed for bankruptcy in 2017, including HH Gregg and Payless. Meanwhile Macy’s, Sears, J.C. Penney and RadioShack each announced that they would Continue reading

Continue reading...

November 29, 2016

Thomas8047This past weekend the holiday shopping season kicked off with a bang as millions of Americans sought out Black Friday deals both in stores and online. While brick and mortar sales rose about 8 percent from last year, online outlets saw sales increase by 11 percent. According to the National Retail Federation (NRF), this spike in e-commerce can be credited to the more than 108 million consumers who shopped online over the weekend. Meanwhile, approximately 99 million people visited physical Continue reading

Continue reading...

April 7, 2016

Ever since e-commerce started rising in prominence, the value of the retail showroom has diminished significantly. After all, consumers no longer need to visit a store to see what types of products are available for purchase. Not only does a quick search on Amazon accomplish this goal within seconds, but the site also provides helpful resources such as customer reviews and recommendations. Nevertheless, the online retail model doesn’t work the same way for all products. Consumers on the whole still Continue reading

Continue reading...

March 14, 2016

In 2005 the website Etsy launched as an online marketplace where artisans across the country could sell their wares. The Brooklyn-based company quickly established itself as a destination for handcrafted items that shoppers wouldn’t find in any stores. As the years progressed Etsy’s army of craft sellers grew into the thousands, with women accounting for a whopping 85 percent of them. The company marked a major milestone in 2012 when it became a certified benefit corporation. By 2015 Etsy’s stock Continue reading

Continue reading...