Owen D Farrow

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Why Bonobos thought selling to Walmart was better than going public

Founder Andy Dunn explains.<p>When Walmart — the largest U.S. retailer — acquired Bonobos — a somewhat yuppie mens clothing brand — for $310 million in June, it seemed a bit surprising.<p>First, because Walmart — via its Jet subsidiary, but still, <i>Walmart</i> — was buying a somewhat yuppie mens clothing brand.<p>…

eCommerce

Son Of A Tailor is your scientific shortcut to a perfectly fitted T-shirt

Two Danish fashion entrepreneurs have invented an algorithm that should result in a T-shirt tailored to your exact specifications. We put it to the …

Walmart, Kroger & Nestle Team with IBM Blockchain to Fight Food Poisoning

Several of the world's largest food suppliers are collaborating on a blockchain solution that could one day save both money and lives.<p>In partnership …

Blockchain

Op-Ed | The Formula For Brand Experience

The right blend of technology, education and entertainment is key to a successful retail strategy, argues Grant Lacy.<p><b>LOS ANGELES, United States</b> — …

Customer Experience

Watson Analytics Use Case for Marketing: Driving the Success of your next Marketing Promotion Campaign

Quick access to the right insights between your marketing promotions and resulting sales has been elusive for most marketers—unless you happen to be …

Stitch Fix Introduces Over 100 Contemporary Brands

Theory, Steven Alan, Rebecca Minkoff and more are joining the personal style service, which reportedly filed for IPO last month. Founder Katrina Lake …

Stitch Fix

The Permanent Future Of Conversational Commerce: eBay's RJ Pittman On AI And Chatbots

Fashion and electronics are the two top categories users are browsing on eBay’s Shopbot, according to the e-commerce company’s latest insights.<p>The Facebook Messenger-based chatbot, which launched in October 2016, aims to satisfy consumer demands for richer and more contextually relevant search …

Chatbots

Every item is just $3 in this new online grocery store

A new online grocery store is setting itself apart by ditching fancy labels and complex price tags.<p>Brandless, a San Francisco-based startup from …

eCommerce

Aldi is unleashing a billion-dollar price war — and it should terrify Walmart

Reuters reported Thursday that Aldi plans to sell more items under its in-house brand, which keeps prices low for customers.<p>Aldi CEO Jason Hart told Reuters that Aldi's prices are 21% cheaper than competitors like Walmart.<p>The chain is also planning to open 400 new stores by the end of next year, …

Aldi

Watson Tone Analyzer: 7 new tones to help understand how your customers are feeling - Watson

April 26, 2017 | Written by: Mansurul Bhuiyan<p>Share this post:<p><b>Key Points:</b><p>Knowing whether a customer is frustrated or satisfied with their interaction …

Shake Shack sinks after same-store sales whiff

Comparable sales for the quarter saw a 2.5% contraction, missing consensus forecasts of 0.2% growth. The fast-casual chain also said full-year 2017 same-store sales will be flat, trimming previous guidance for 2-3% growth.<p>"We are clearly dissatisfied with our comp result in Q1," CEO Randy Garutti …

Same-Store Sales

'The department store is online now': Warren Buffett says the face of retail is shifting

At the Berkshire Hathaway annual meeting, Buffett said there is clearly pain for retailers as they adjust to the growth of online shopping.<p>"The department store is online now," Buffett said, noting that the shift could be hard to grapple with for the major retailers.<p>Buffett's partner, Charlie …

Investing

Wal-Mart Seeks Online Fashion Presence Through Acquisitions

Wal-Mart Stores Inc's bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company's attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said.<p>If Wal-Mart succeeds, the move …

They’ve ‘sold out’: A Walmart acquisition could be damaging for fashion brands

Walmart, through a series of recent acquisitions, is gunning to make up for lost time in a race against Amazon to flesh out its fashion business. But …

eCommerce

Does Online Shopping Mean the End of Fixed Prices?

In a week with the usual litany of bad news for brick-and-mortar retailers, <i>The Atlantic</i> offers an in-depth look at one of online sellers’ biggest …

eCommerce

Is Wal-Mart's New E-Commerce Acquisition Strategy Any Better Than Its Old One?

<b>Wal-Mart</b> (NYSE: WMT) has been on a buying spree since last summer, when it bought Jet.com for $3 billion. It's since snatched up several smaller e-commerce websites for less than $100 million each. Most recently, it's been in talks to buy upscale men's clothing retailer Bonobos for $300 …

How to Survive a Retail Meltdown

Cities and suburbs are getting clobbered by the collapse of the retail sector. But there are ways to use the crisis as a way to speed long-overdue land use reforms.<p>The proliferation of half-vacant shopping centers and abandoned malls on the fringes of cities has become such a pervasive problem that …

Here's what 24 of the most popular brand names really mean

After a few good hours of shopping, you head to Panera to meet a friend for lunch. You Venmo her for the meal and then you both decide dessert is in the cards: Next stop, Häagen-Dazs.<p>All these brands are staples in our lives. But do you have any idea what their names actually mean? We're here to …

Ralph Lauren

Starbucks is opening a super-sized gourmet location in Chicago — here's what it could look like

Starbucks is opening an enormous, super-upscale location in Chicago.<p>On Wednesday, the coffee giant announced it planned to open a four-story, 43,000-square-foot Roastery in Chicago in 2019. The location, which will be the third Roastery to open in the US (one will open in New York in 2018), will …

Coffee

The death of the American mall is forcing Starbucks to make some major changes

On Thursday, the coffee giant announced it was "evaluating strategic options" for its struggling Teavana stores located in malls across the US. Currently, the chain has roughly 350 Teavana mall locations.<p>"Over the last several years many mall based retailers have been adversely impacted by reduced …

Consumer Behavior

There's a booming shadow industry emerging from the retail apocalypse

But what if the stores aren't completely emptied by the time they turn out the lights for good? What happens to all that leftover merchandise?<p>Often it ends up going to wholesale distributors, which buy the excess merchandise, then turn around and sell it to other firms — like third-party Amazon …

eCommerce

Department stores are failing — here's where everyone is buying clothing instead

Now they're failing and closing hundreds of stores after years of declining customer traffic and sales.<p>So where are people shopping for clothes instead?<p><b>The answer: Walmart and Amazon.</b><p>Walmart claims 8.1% of the US apparel market, followed by Amazon with a 7.4% share and Target with a 4.3% share, …

Morgan Stanley

Adidas’s Secret Weapon In The Sneaker Wars

The sports brand has prioritized style icons at least as much as athletes—and is getting shoes to market quickly.<p>An onyx stage catches fire and three performers, silhouetted in the blaze, begin to sing from behind the flames. You can hear Kanye West’s voice, but you can’t make out his face. The …

Shoes

Burger King’s new ad forces Google Home to advertise the Whopper

Oh no, Google<p>Burger King is unveiling a horrible, genius, infuriating, hilarious, and maybe very poorly thought-out ad today that’s designed to intentionally set off Google Homes and Android phones.<p>The 15-second ad features someone in a Burger King uniform leaning into the camera before saying, “OK …

Burger King

Blockchains and Human Rights

<i>Agricultural workers in Asia, particularly those in Myanmar, earn only up to £1.96 per day during monsoon season, and up to £2.75 during dry season.</i> …

Real animal fur sold as fake on British high street

A fibres expert has identified items which are most consistent with rabbit, raccoon dog, mink and cat being mis-sold to consumers as faux fur.<p>Fur …

Starbucks Launches 'Express Format' Store For Crazy-Impatient Customers

In the latest example of our culture needing to take a moment and slow down, Starbucks opened its first-ever "express format" store Thursday on Wall Street. Because who has time to even wait for coffee anymore?<p>According to a Starbucks press release, this pilot project is the "espresso shot" version …

Coffee

How Eataly Makes Innovation Local

04 Min Read Time - With rooftop dining, a carefully curated selection of fine Italian foods, and a steady stream of wide-eyed shoppers, the first …

Amazon is worth almost twice as much as Walmart

Hey, Alexa, can anything stop Amazon?<p>Shares of the e-commerce king, which is also now a cloud computing giant, connected-home leader, drone company, freight airline, Hollywood studio and even a traditional brick-and-mortar retailer, rose above $900 for the first time Tuesday.<p>It's another all-time …

Wall Street