October 12, 2017

jurgen-appeloWhile Amazon has been an online retail powerhouse for years now, in 2017 the company showed the business world what a truly dominant force it could be. Along with buying Whole Foods during the summer, Amazon’s name came up constantly as the media discussed how the online outlet had upended the traditional retail industry. But despite all the talk about Amazon’s growing supremacy, the company still can’t compete in one of retail’s most lucrative sectors: fashion.

That’s not to Continue reading

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September 21, 2017

marketIn malls across the country, food courts act as hubs where shoppers can eat, drink, and take breaks from comparing price tags. Along with sharing a common purpose, these corrals of restaurants and drink stands often serve similar fare, too. After all, walk into any food court and you’re likely to find mainstay chains like Sbarro, Subway and Panda Express alongside a couple of local options.

This dependable if slightly boring structure served retail centers well for decades as shoppers Continue reading

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September 19, 2017

tiia-montoThe decline of brick and mortar retail has been one of the biggest business stories of the year, with formerly successful chains like HH Gregg, Payless and others filing for bankruptcy. And this week Toys ‘R’ Us became the latest company to join this unfortunate group. Like so many other traditional retailers, Toys ‘R’ Us couldn’t keep up with the growing dominance of Amazon. The company’s CEO said it would need to slash prices in order to stay afloat, Continue reading

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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

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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

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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

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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

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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

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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

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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

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