The average grocery store in the U.S. measures under 50,000 square feet. Home Depots average about 100,000 square feet, and the typical Costco or Walmart Supercenter—generally considered the biggest of all big box …
Future of Retail
Amazon Prime: Bigger, More Powerful, More Profitable than Anyone Imagined
Membership in Amazon Prime, which offers unlimited free two-day shipping, has doubled in less than two years. Analysts predict it’ll double again by 2017
Online Shoppers: Meh, Same-Day Shipping Isn’t That Big a Deal
Same-day delivery is being pumped up as a major step for e-retail—the service that’ll boost online shopping sales into the next stratosphere. There’s one minor problem, though: Shoppers don’t seem to want it all that much.
Amazon Gets More Same-Day-Delivery Competition: Shutl Coming to 20 Cities
Do you want some stuff, but don’t want to leave the couch? A new same-day delivery service promises near-instant gratification for millions of online shoppers all over North America.
Groupon Fires CEO Andrew Mason: The Rise and Fall of Tech’s Enfant Terrible
It was only a matter of time.
Groupon fired its charismatic CEO Andrew Mason on Thursday after a tumultuous tenure pockmarked by accounting gaffes, sophomoric stunts and a whopping 77% decline in the company’s share price. …
Office Depot/OfficeMax Merger: Another Nail in the Coffin of Traditional Retail?
The strong start to 2013’s M&A market continued yesterday, with Office Depot announcing it would acquire its rival OfficeMax in a $1.17 billion deal.
Best Buy Swears Shoppers Don’t Have to Bother Showrooming Anymore
With the launch of a new price-matching guarantee, electronics giant Best Buy promises “the end of showrooming”.
Is There a Future for Same-Day Delivery? How About Online Grocery Shopping?
For the time being, brick-and-mortar retailers don’t seem to have to worry too much about two of the most hyped, potentially “game changing” options in e-commerce.
Hey Kid, Where’s Your Mom? Malls Ratchet Up Restrictions on Unsupervised Teens
Generally speaking, it’s unwise to kick customers — any customers — out of a shopping center. But what if kicking out certain customers increases the likelihood that other, wealthier customers will come to the mall and spend?
Target Introduces Six New Brands … That You Can’t Buy in Stores
Cheap chic retailer Target is renowned for brand collaborations good (the Missoni craze) and bad (the Neiman Marcus collection that no one wanted). Target’s new brand partnerships may be the most intriguing of all. Just don’t go …
Honoring the Enemy? Brick-and-Mortar Retailers Give Top Award to Amazon’s Jeff Bezos
Awkward! The National Retail Federation, which is dominated by traditional brick-and-mortar-based stores, just gave its top award to the guy who has been undermining their businesses for years.
Why Is Walgreens Selling Sushi? The Changing Business of Drugstores
Drugstores are generally considered as little more than necessary and convenient. But now that some Walgreens boast nail salons, cafes serving sushi and smoothies, and impressive selections of beer, wine, liquor, and cigars, can …