Top 25 Retail Website / Global Retail Influencer
Primark is increasing its revenue by encouraging customers to shop in retail stores as the e-commerce industry booms. Fast fashion companies like Forever 21 have relied on online shopping to help grow, but Primark is taking a different route for expansion
U.S. consumers seem to be inundated with scary warning labels, but the fear may be necessary. Research shows people don’t pay attention unless these labels elicit strong emotion.
From Target and McDonald’s to Harley-Davidson, CNBC Marathon explores why some U.S. retailers struggle to make it abroad. Target’s first and only foray into international markets happened in 2013 in Canada.
Outfitted with cameras and sensors, autonomous inventory robots can verify price signs and look for out-of-stock items. Inventory is one of the biggest challenges retailers face.
It is estimated that tens of billions of dollars' worth of merchandise is lost to shoplifters each year. And as shoplifters become more brazen, store owners are looking for new ways to stop store owners are looking for new ways to stop them.
The U.S. warehouse club industry, which includes Costco, Sam’s Club and B.J.’s Wholesale is valued at more than $320 billion, according to an estimate by ResearchAndMarkets.com. The format is simple.
Trader Joe’s has been selling bananas for 19 cents each – for the past two decades. The grocery store offers remarkably fewer options for customers compared to other major supermarkets, and it’s consistently ranked highest for customer satisfaction.
According to the National Retail Federation, retail shrink reached $94.5 billion in 2021, as compared to $90.8 billion in 2020. Shrink refers to inventory losses due to theft, unknown loss and administrative error.
What defines the new consumer and what are the new consumer values? In a new world where the consumer is the retail driver, what does this mean for shopping malls?
The future of retail in the metaverse will be linked to an immersive and interactive shopping experience. Taobao is launching a live streaming shopping experience in the metaverse with immersive world in virtual AR and VR. - From 3DArt Channel
A new report, 'Tech in 2030', GlobalData looks at the future of retail and finds that retail in 2030 will be about the customer. Personalization and convenience will drive conscious spending and curated examples. -from GlobalData Trends & Insight
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.
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“You miss 100% of the shots you don't take.” - Wayne Gretzky
Continuing our global journey to learn something new, our next stop is Toronto, the largest city in Canada and the 4th largest city in North America. The architectural icon of the city is the CN Tower which until 2007 held the world record as the tallest free-standing structure on the planet. The new king of the architectural hill is now the Burj Khalifa in Dubai.
More than 50% of current Torontonians were born elsewhere with its citizens representing over 200 distinct ethnic origins. There are roughly 180 languages and dialects spoken in Toronto and 44% of residents have a first language that is not English or French.
Did not know that the famous USA baseball player Babe Ruth hit his first professional home run in Toronto in 1914 when he was a 19-year-old rookie for the minor league Providence Grays. Amazingly, Toronto is home to 10 million trees with the oldest being a 300-year-old oak in North York. Yonge Street in the city is the longest in the world at 1,896 km (1,178 miles).
From visiting multiple cities in Canada, I can confirm that hockey is a religion. This picture was taken at a Retail Council of Canada event where I had the pleasure of delivering my “Disruptive Future of Retail” keynote presentation. The hockey jersey was a gift from my great Canadian friend Robert Simoneau.
Life is one great journey and I would encourage you to indeed never miss taking 100% more shots at making it enjoyably memorable.
2023 USA Grocery Shopping Trends
Gain a deeper understanding of grocery shoppers’ changing habits and behaviors over the past few years. The Food Marketing Institute explores in detail shoppers’ weekly spend, primary store choice, and engagement with the emerging array of online and in-person grocery options. - From FMI.org Read more
Countries Where Children Are the Most Satisfied with their Lives
Comprehensive data from UNICEF on where children are the most satisfied with their lives, including statistics on mental well-being, suicide rates, physical health, obesity rates, academic achievement, social skills, family time, and more. - From Infographic Journal
Inside Elon Musk’s Fascination With ‘X’ | WSJ
Elon Musk changed Twitter’s name to X in late July, marking a major change for the social media company. His fascination around ‘X’ dates back to 1999, when he envisioned X.com as a banking site. Read more
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