Cool article on Forbes about Nordstrom’s evolving strategy in retail; consider this paragraph especially: It is very important to understand the customer’s need to find time to shop. Nordstrom gets this. Consumers, especially young working people, are less and less interested in… Continue Reading
Here’s the corporate version: “Anything that you see happening here is driven by the question: what is the customer looking for?” Starbucks spokesperson Alisha Damodaran told Quartz.“When we think about new product offerings in the stores, we always think about what… Continue Reading
This seems like an interesting plan: Wal-Mart is now going to accept video game trade-ins in 3,100 or so of their 4,835 U.S. stores. It’s interesting because normally when you trade-in a video game — say, at GameStop — you use… Continue Reading
Check out the chart above, via here. There are other charts of interest in said post, but essentially, here’s a quick takeaway: around 1998, the total market for menswear was about $270 billion. This year? It’s going to approach $500 billion.… Continue Reading
The world of paying for things hasn’t adopted new technology as fast as you might think; there’s an intermediate-level likelihood that within the next 25-50 years, you can simply swipe the back of your wallet against a device and it… Continue Reading
Start on the Starbucks front: holiday foot traffic (i.e. people out-and-about in stores) was 1/2 in 2013 what it was in 2010; phrased another way, more people are shopping online — and that’s hurting adjacent stores in malls (i.e. Starbucks… Continue Reading
More fun with 2013 trends: this time, Instagram released its top geo-tagged locations of 2013. In the top 10 are some places you’d expect — Times Square, both Disneyland and Disney World, and the Bellagio Fountains in Las Vegas. But none of… Continue Reading
Yea, the money is there — Cyber Monday has been around less than a decade, and sales have tripled in that time. But the term, coined by Shop.org based on research trends in 2004, is a bit outdated. When it… Continue Reading