Mickey Drexler: The death of a supply-driven world
Take a closer look at what the digital world has given us in the form of "Supply Transparency." It's a quiet little market shift that is mind blowing, paradigm shifting, market disrupting concept that sounds like a flux capacitor…ok maybe that's a little too much, but it is big… J.Crew’s Mickey Drexler Confesses: I Underestimated How Tech Would Upend Retail read the headline of a big feature in the Wall Street Journal, which ricocheted around the retail and technology world
Retail Stores and Malls Closing in America
Toy's R Us, Sport's Authority, The Limited, Eastern Mountain Sports, Radioshack, Gymboree,…sorry the list is too long. We are in for more change and Credit Suisse is calling out what they think is going to happen…. Toys R Us marks the latest company to file for bankruptcy protection, adding to a mounting list of retailers doing so within this year alone. Some retailers have even opted to file for a second time. Changing consumer taste preferences, shopping behavior and the ne
Thriving in an Age of Acceleration
Strap in and hold on, it's going to get faster…Thomas Friedman offers a taste how the information era has already changed our lives and how that speed of change is going to accelerate. Are you ready? Click on the image below to WATCH VIDEO by MySPNN Thomas Friedman is a Pulitzer Prize-winning weekly columnist for The New York Times, focusing on foreign affairs, the Middle East, globalization, and environmental issues. He is the author of seven bestselling books, including Th
Must read article on how our lives will change dramatically in 20 years.
Change is constant, but at the moment, the rate of change is dramatically accelerating. We need to be following those changes and thinking about how they will affect customers, staff, and our business… The following points are taken from Udo Gollub, the CEO of 17 Minute Languages Facebook post... Software will disrupt most traditional industries in the next 5-10 years. Uber is just a software tool, they don't own any cars, and are now the biggest taxi company in the world Ai
Amazon Marketplace Sellers Now Sell More …
Have you ever heard of "The Borg?". If you are not a Star Trek fan then likely not. It's worth researching because Amazon is following their game plan. Don’t believe me, check out Jeff Bezo's camio in one of the Star Trek movies he's a fan for sure….Ok back to earth, here is a closer look at what the 'marketplace' concept is doing… For the first time in Amazon’s history the percent of units by marketplace sellers reached 51 percent. This is the first quarter where marketpl
The Cost of Dead Inventory - Retails Dirty LIttle Secret
Accurate Forecasting and replenishment is essential… Among the many problems facing today's retail market, unsold stock might be one of its biggest handicaps, argues Haley Smith Recer. NEW YORK, United States — Check any recent retail headline and it’s hard to miss the headwinds the industry has been experiencing. A warm winter, consumers focusing more on experiences than their closets, and the ever elusive "omnichannel strategy" are just a few reasons why retailer’s top line
