Why only 30% of wedding gift givers will come into a store in 2030--and how we can help prepare for that
July 23, 2024
Tableware Today’s Editor Amy Stavis invited me to pen the Last Word column for the August / September issue. I start by comparing e-commerce trends for selling automobiles to selling dinner plates. Online sales in both industries have swelled in the last 25 years. (I entered the e-commerce business at the right time—in 2001.)
I predict that 70% of wedding registry gift givers will never set foot in a physical store by 2030. Currently, that number is at about 50%. If we do in fact ...
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Brand strategy is one of the most powerful initiatives an organization can undergo. It’s an opportunity to evolve a company’s mission and value proposition based on current and future customer needs with the result being a purpose-led, customer-centric road map to create enhanced value for customers. ANDMORE recently completed this process as we rebranded from International Market Centers (IMC) last year. ANDMORE is more than just a new name and logo, it’s a framework for how ...
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A BICENTENNIAL BIRTHDAY REPRESENTS REMARKABLE LONGEVITY AND VISTA ALEGRE IS TAKING FULL ADVANTAGE of it with dozens of new pieces created specifically to commemorate the 200 anos occasion. “It’s a very important milestone and a time of reflection to see how far we’ve come and where we want to go,” says Daniel Silva, who helped bring the brand new luster here since he started the American subsidiary in 2012. Nuno Barra, Vista Alegre product development director and board ...
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I’m going to presume you know Taylor Swift, the pop superstar with widespread public appeal and a vast fan base, who has influenced not only the music industry, but popular culture, politics, and economics. Her recent $5 billion Eras tour had a fiscal impact greater than 50 countries. The Taylor Swift economy has reached every town in America, measured in national retail sales figures, global inflation, and municipal economic bumps where concerts were held. The Swift microeconomy reaches ...
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How social media influencers with the help of Amazon are bypassing brick-and-mortar retail shops
May 23, 2024
Kiara Springs, a 25-year old, is part of a new retail trend, shares The New York Times. She sells about $10k/month online but doesn’t own a brick-and-mortar retail store, pay a landlord rent, go to the wholesale markets, or have a POS system. Her “sidewalk” to get traffic is TikTok, and her “POS” is Amazon. Her “stockroom” is the brand’s warehouse. She has an Amazon affiliate account and goods are drop shipped.
Do website service providers need a digital health label?
May 18, 2024
When you pick up a package of Oreos or yogurt at the grocery store, you can see the nutrition (or lack of it!) on the nutrition label on the back. Health advocates are encouraging the FDA to make warnings more obvious on packages—such as by placing information on the front of the package, shares The Wall St. Journal. Advocates have looked abroad for inspiration. In Mexico, you’ll find labels with a black octagon, resembling a stop sign, on the front of Doritos and Nature Valley ...
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How online trends in the used car market parallel those in the wedding registry market. Online gift giving predicted to increase at the expense of in-store giving by 40% by 2030.
How online trends in the used car market parallel those in the wedding registry market. Online gift giving predicted to increase at the expense of in-store giving by 40% by 2030.
May 7, 2024
Jinjoo Lee in The Wall St. Journal shares how the used car market has improved in the last 20 years because much of it is now conducted online. When car buyers use the web, they are more likely to save money (saving about 2%), and dealers can, in theory, make more with dynamic pricing (about 2%)—thereby giving each party a win. Unlike 20 years ago, when we didn't have smartphones, today 95% of used car purchases start online. While 31% of used car purchases were completely in-person,...
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At Shop Local, it's our job to help find ways to grow your online business. Part of that job is researching different registry software to see if it could be a good fit for your store.
If you offer a gift registry service, you may have heard of MyRegistry. MyRegistry is a third-party universal registry service that seemingly integrates with your primary website, stating that they "offer a suite of technology solutions [for retailers] that boost revenue, engage customers, and reduce ...
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Since we support brick-and-mortar retailers, we found Nike’s u-turn regarding retailers to be welcome. They initially planned to cut off 30% of stores but have since returned to them.
How a drawing on a bar napkin led to a software platform that processes trillions of calculations
April 15, 2024
In 2007, while sitting at the pub Moran’s with a beer, I drew a sketch on a napkin that would change our business. I drew a software model that would allow an indie store to instantly show (and sell) thousands of products online—without any labor. (The secret sauce: The respective brand would do the product update work for the merchants.) The immediate goal was to help my two retailers more efficiently load products onto their websites (and save me the boredom of doing it).
The Wall St. Journal shares how Amazon takes other companies’ ideas on a mass scale, such as from Trader Joe’s. The article is an excerpt from “The Everything War: Amazon’s Ruthless Quest to Own the World and Remake Corporate Power,” a new book by Dana Mattioli.
How Taco Ball is going digital first--and others would be wise to follow
April 13, 2024
Fast food is stuffing itself with software. Yum Brands, which owns Taco Bell and Pizza Hut, is embracing a few strategies we’ve chatted about, including software bundles and membership programs. It’s even investing in AI. Its budget: $21m last year. That’s a lot of lettuce.
Does the market merit it? Well, 45% of Yum’s sales are digital. Likewise, we’re hearing website sales make up about half of our merchants' sales. Note: We’re not half of every ...
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Sixty percent of Macy’s value lies not in its stores, brands, or IP, but in the dirt below it: its real estate. That’s not a good bellwether for its existence as is.
We watch trends to share them with our members and help them capture orders. Forbes shares 35 helpful e-commerce statistics and we picked out a few highlights for you below:
Key Statistics:
20.1% of retail purchases are expected to take place online in 2024.
By 2027, 23% of retail purchases are expected to take place online.
E-commerce sales are expected to grow 8.8% in 2024.
52% of online shoppers report shopping internationally.