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Foot Locker is the largest footwear retailer in the world with 2,900 stores worldwide. Its roots date back to 1974 in a southern California mall.
Ever walk into a CVS to pick up some gum, maybe some Chapstick, only to get hit with a ridiculously long receipt? It’s no secret that most CVS purchases come with these comically long receipts.
Airlines, gas stations and retailers use complex algorithms to adjust their prices in response to cost, demand and competition. WSJ explains what dynamic pricing is and why companies are using it.
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
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Finally, My First Benz has Arrived
Continuing our global tour to learn something new, our next stop is Mannheim Germany, where I had a chance to finally ride in my first Benz.
Mannheim is a city located in south-west Germany at the confluence of the Rhine and Neckar rivers. The first mention of the city was in 766 BC. Surprisingly it is the place where you will find the second-largest baroque palace in Europe (Versailles in France is number 1).
The city is famous for several important inventions. In 1817, Karl Drais invented the forerunner to the bicycle. In 1880, the Siemens company constructed the first electric lift. In 1886, Carl Benz invented the world’s first automobile whose replica I am riding in this picture.
Karl Benz was the first person to own a driver's license. After complaints from Mannheim citizens about his car's terrible noise and smells in 1888, he formally requested Grand Ducal Authority for written permission to drive on public roads.
It is believed that the ‘Mercedes’ part of the brand name ‘Mercedes-Benz’ was taken from Mercedes Jellinek, the daughter of businessman Emil Jellinek. Emil was one of the first buyers of Mercedes-Benz cars, and the name stuck,
Mercedes Benz was the first company to create a hybrid car in 1906. Safety crumple zones and anti-lock brakes also first appeared in their vehicles. Additionally, Mercedes-Benz was among the first to test self-driving technology in 1995.
This picture was from a recent Christmas Markets river cruise and it is a clear visual reminder to never stop having fun. Not sure how far I will get with this Benz, but walking through the steps of history was a high-speed thrill after all.
Deloitte 2023 Retail Industry Outlook
The work for retail executives in 2023 is to advance the innovations created during the pandemic: to drive more profit from the curated experiences, last-mile options, and conveniences that retailers rolled out—all at a time when the purse strings may need to tighten. - From Deloitte Read more
The Biggest Global Risks of 2023
One telling observation from the data above is that none of the risks left a majority of experts feeling confident in our ability to prevent the risk from occurring, or prepared to mitigate its impact. As the 2020s are shaping up to be a turbulent decade, that could be a cause for concern. - From Visual Capitalist
How TikTok Could Become a U.S. Company | WSJ
TikTok is at a crossroads, as U.S. concerns about its Chinese ownership grow. Some officials have explored the idea of forcing a sale to a U.S. company. WSJ explains the challenges of making that happen. Read more
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