Retail
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Forever 21, the fashion chain known for its ultra-trendy, low-price offerings, filed for bankruptcy as a result of a rapid expansion while consumer tastes in both what they wanted to wear and how they wanted to shophas changed significantly. The bankruptcy signals the end of an era in shopping, but not the demise of fast fashion. Forever 21 offered…
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With e-commerce becoming a lucrative shopping channel, retailers and their logistics partners have been primarily focused on how to quickly move goods through the supply chain and into the hands of consumers — a process commonly referred to as forward logistics. However, the opportunities presented by the growing popularity of e-commerce also come with a…
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Under Armour shares fell 15% following the announcement of poor second-quarter earnings this week and announced it expects sales to decline in North America throughout 2019. While similar sports retailers like Nike and Adidas are posting positive sales growth numbers relatively consistently in past years, Under Armour has sputtered. Under Armour wasn’t always the trouble-stricken…
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Amazon CEO Jeff Bezos has called the e-commerce giant “the best place in the world to fail.” He has instituted a culture in which failure is not only acceptable, but is an essential part of doing business. Amazon has had some spectacular failures over the years, costing billions of dollars. Companies that don’t continue to experiment,…
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Brick-and-mortar retail is being decimated by e-commerce yet Costco has experienced consistent growth. Costco prioritizes the interests of its customers and employees over those of its shareholders. Costco is a weird business model. You can buy a 27-pound bucket of mac and cheese, a casket, a quart of gin, a tank of gas, a new…