retail therapy
US retail cannabis on pace for a 40% rise in 2024
It’s on pace to be larger than $15 billion this year and estimated to pass $37 billion by 2024. | learn more
Category: retail therapy
retail therapy
Yelp’s local economic impact report
“Of all business closures on Yelp since March 1, 41% are permanent closures. Our data shows the largest spikes of permanent closures occurred in March, followed by May and June, indicating that the businesses that were already struggling had to […]
retail therapy
Nike hit hard by coronavirus
Even the strongest of brands is hurting today. “Nike reported an unexpected quarterly net loss and a sales decline of 38% year-over-year.” That’s despite digital sales growing by 75% to represent 30% of their revenue. | learn more
retail therapy
Skubana’s top 133 coolest direct-to-consumer brands
I’m not sure whether I’m more surprised by how many I didn’t know about, or how many I was already aware of. I wonder what this landscape will look like by early next year? | learn more
retail therapy
Walmart and Shopify team up
Walmart’s had an online marketplace since 2009, though it’s always fallen short of Amazon’s in scale. Now they’re teaming up with Shopify to bring more sellers and more products to the platform. It’s also a reflection of (I think) philosophical […]
retail therapy
Lowe’s launches virtual tool for home visits
It’s like telehealth for your home! One neat feature: the app uses AR so pros can draw on top of your camera feed, highlighting parts in your home. | learn more
retail therapy
China’s millionaire livestreamer Viya shows us the online shopping future
“The live, online shopping extravaganza the 34-year-old hosts most nights for her fans across China is part variety show, part infomercial, part group chat. Last month, she hit a record-high audience of more than 37 million—more than the “Game of […]
retail therapy
How do Chinese sellers ship so cheaply across the world?
I thought Chinese sellers were able to ship to the US so cheaply because their freight was being subsidized by China. Surprise: it’s being subsidized by our own post office! | learn more
retail therapy
The Hertz Corporation files for bankruptcy
From the restructuring industry newsletter Petition: “Much like most other COVID victims, Hertz could be described as having mild pre-conditions that made it generally more susceptible to the virus. For years now, the company has been attempting to effectively treat […]
retail therapy
James Cash Penney and the ‘golden rule’
From the New York Times in 1971, resurfaced because of the chain’s recent bankruptcy filing. “In an interview on his 93d birthday, he said that the profit sharing plan for employees that he started in 1907 had been largely responsible […]