Excerpts:
- A report produced by groups seeking to block it pointed out that the number of Amazon facilities in New Jersey grew to 49 from one between 2013 and 2020, helping to nearly triple the number of warehouse workers in the state, to about 70,000.
- The Port Authority revealed the proposed lease with Amazon in August, the day its board voted to authorize the deal.
- Under the proposed deal, Amazon tentatively committed to investing $125 million in renovating two buildings ...
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In the movie Good Will Hunting, Matt Damon, who plays a handsome MIT janitor moonlighting as a math savant (can one say, “Hollywood career vehicle”?), woos a young lady (played by the actress Minnie Driver) by outmaneuvering a few competing, obnoxious cads. When Damon’s character gets the girl's telephone number, he proudly shows it to the other guys and boasts, with his South Boston access, “How 'bout ‘dem apples?” I imagine Tim Cook imitating this...
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In the past, we’ve used spin classes and gyms as inspiration for Bridge. We see them as metaphors for helping retail business owners. The founders of SoulCycle, Elizabeth Cutler and Julie Rice, must have been eavesdropping on us: they are expanding their spinning approach to another sphere. The Times reports they have started Peoplehood, a business that seeks to help people via self-help (group-help?) sessions. It’s SoulCycle for the soul&...
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Some people like to sit on the sofa and eat Ben & Jerry’s ice cream. I roll my eyes at this because I’m very different: I like to read the Wall St. Journal’s Christopher Mims …while eating an entire pint of Ben & Jerry’s on the sofa. This past weekend, Mr. Mims suggested companies may be reassessing where they source products, some even considering more domestic production. The motivation for this started a few years ago with the U.S.-China trade war, ...
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Jeff Lawson, CEO of Twilio, a software company valued at $28 billion, was recently interviewed in the Wall St. Journal. When he shared who his advisors are, I was surprised to see Danny Meyer, the restaurant kingpin who owns Shake Shack (another publicly-traded company). Mr. Lawson read Mr. Meyer’s book “Setting the Table” and was impressed to learn about the difference between service and hospitality. Service is the delivery of the technical aspects of ...
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Businesses like Walmart, Disney, and Discovery are bundling services and adding the “+” suffix to denote them (e.g. Disney+, Discovery+, W+, etc.). In a recent article in RetailDive, we learn that Walmart is giving its customers free, six-month trial Spotify accounts. I think W+ bundling services is smart. Last week, I compared running a gym to offering software. I spoke about bundling services with things that people like to increase their usage, such as work ...
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In the movie 'We’re the Millers,' a character played by Jason Sudeikis interviews a teen boy wooing Sudeikis’ teenage daughter. Sudeikis interviews the boy about his interests and compatibility with his daughter. (Watch the scene here: https://www.youtube.com/watch?v=rjkLKKgOMRY .) The boy’s neck tattoo reads “No Ragrets.” When Sudeikis inquires about this tattoo, the boy confidently claims that he has no regrets, to which Sudeikis asks, "Not even&...
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Last February e-commerce company Shopify Inc. replaced the “Ottawa, Canada” dateline that began its press releases and earnings reports with a strange new one: “Internet, Everywhere.” The geographical shift came at the insistence of Shopify’s founder and chief executive officer, Tobi Lütke, who tends to view such matters through the prism of cold, hard logic. In May 2020, only a few months into the pandemic, he’d made the early, seemingly rash decision to...
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I’m seeing a disturbing trend online. Stores are not sharing news and events on their websites. Instead, they are relying on Facebook (and Instagram, which it also owns) to perform this task. That’s like a customer coming into the physical store and the store manager saying: "Want our news and events? We don’t have it here. Go to the coffee shop next door—which will be filled with our competitors pitching to you."
I enjoyed today’s WSJ article about stores teaming up to take on Amazon. Since Bridge has collectivized 800 indie shops to push back against Amazon, we can relate to efforts to help stores team up and boost their communities.
The article mentions Shopify and its popularity among indie shops. Shopify, along with BigComerce, Big Cartel, Wix, and Magento, are platforms that have helped indies to grow online independent of Amazon.
While we appreciate any platform that helps indies...
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For many indie stores, running an online business is tough and expensive, shares today’s Times. For 10 years, Bridge has served indie stores by paving this process and making it easier. We started with two stores and now help more than 720 brick-and-mortar, Main Street community legends.
Excerpts from the Times article:
E-commerce grew by 33.6 percent in 2020.
Ten large retailers accounted for 68 percent of all U.S. e-commerce sales last year.
Saks formed new company a called Saks.com that will lead the company, shares today's WSJ. The physical stores will be moved from the 'drivers seat' to the 'passengers seat.' In a nod to Amazon.com and Walmart's success with third-party sellers, Saks.com will offer a marketplace and pay third-party sellers a commission.
These days, ugly Amazon warehouses are beating up pretty retail stores. Many stores in 2020 had record online sales that made up 40% or more of revenue, but they are struggling because they had to bear the burden of retail stores. Retail stores cost more per square foot to rent, furnish, and maintain. They also cost more to staff. A warehouse person need not be a people person and a snazzy dresser; they can exhibit anger management issues and ...
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Zola has added a "Home Store" tab to its site. The goal: become an online retailer that does it all...oh, and maybe does gift registries, too. Notably, this a departure from its original, registry-focused mission statement. Initially, Zola told brands that indie store gift registry services were not servicing out of the way towns and that by opening Zola, the brand would reach brides in remote parts of, say, Oklahoma. Zola didn't say that it was simply selling ...
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Using your Bridge, you can easily see how much tax you've collected on 2020 orders.
On the Tax Collection page, you can set a date range and view taxes collected. This makes it easier to do your 2020 taxes.
How to visit your Tax page:
1. On your Bridge account, at the very top, click on “Management.”
2. On the Management home page, under “Order Reporting,” please click on “Tax Collection.”
3. On the Tax Collection page, in the date range area, please ...
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Reports suggest that 50% of purchases start on Amazon.com, and Amazon wants to keep it this way. Yet, businesses and merchants increasingly want to sell their products via their own DTC (direct to consumer) site, retailers' websites, Facebook, Instagram, and more. Due to this, Shopify, which powers many DTC and retailer websites, is a growing thorn in Amazon's dominance of retail. Shopify reportedly helps power more than 30% of online U.S. retail sales.
On a daily basis, Bridge helps retailers, brands, and reps: stay in business. We help them more easily and cost effectively run their businesses. Most of our merchants are receiving a record number of online orders. The result: our clients have more money to keep going and even prosper.
This is important because we're not out of the woods yet. In 2021, more store closings are predicted, shares Coresight. Note: these are just estimates, and much like the failed prediction of a ...
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