Period in the 2010s where many American brick and mortar retail stores have closed or struggled
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几乎所有习以为常的事物,追溯其源流的过程中总是会有惊喜。比如购物中心——当大型商场变得越来越常见,最早探索这一模式的设计师、建筑师、规划评论家Victor Gruen的名字,却已经基本被遗忘了。他的职业经历称得上传奇,不仅将“零售设计”这一原本边缘的行业方向带上了高峰,更始终强调商业与公共属性的平衡、以及大型建筑带给消费者的丰富体验。当他将购物中心的理念成功落地到1950年代的美国郊区之后,“大盒子”毫无悬念地在全美被快速复刻,也快速走偏。甚至到1990年代,诸多经营不善的大型购物中心都成了美国零售业新的心病。消费者已经老去,谁说商场就会永远年轻?本期小历史,就让我们沿着Victor Gruen的职业生涯,来看看“美国式”购物中心诞生的始末。| 主播 |肖文杰、约小亚| 时间轴 |01:13 谁创造了“购物中心”?06:23 第五大道上的零售店设计实验12:17 194X年的美国城镇规划15:35一份完备的“购物中心开发指南”19:48 Northland vs Southdale,购物中心的两个模板31:31 同行对“购物中心”理念的进一步打磨37:05 作为投资品的购物中心40:11 彻底改善市中心,还是只要一段景观道?45:13 大盒子入侵全世界之后| 延伸资料 |Hardwick, M. Jeffrey-《Mall Maker》Alexandra Lange-《Meet Me by the Fountain》Victor Gruen-《Shopping Town》New Yorker-The Terrazzo JungleWhat Was The Real Futurama?Architect Magazine-When Modernism Came to ‘Main Street'《Free-Market Socialists》Architectural Forum (1943.05)- New Buildings for 194XProgressive Architecture (1952.06) -What is a Shopping Mall?Architectural Forum (1954.06) -NORTHLAND: a new yardstick for shopping center planningHarvard Business Review (1954.12) -Dynamic Planning for Retail AreasSmithsonian Magazine-The Death And Rebirth of the American MallFortune-Downtown is for peopleTHE ORIGINAL E.P.C.O.T - E.P.C.O.T and the heart of our citiesThomas W. Hanchett-U.S. Tax Policy and the Shopping-Center Boom of the 1950s and 1960sBloomberg Businessweek-America's ‘Retail Apocalypse' Is Really Just Beginning《商业就是这样》鼓起勇气开设听友群啦。欢迎添加节目同名微信,加入听友群,一起讨论有意思的商业现象。微信号:thatisbiz为了营造更好的讨论环境,我们准备了两个小问题,请在添加微信后回答:1,你最喜欢《商业就是这样》的哪期节目?为什么?2,你希望听到《商业就是这样》聊哪个话题?期待与你交流!| 后期制作 |kk| 声音设计 |刘三菜| 收听方式 |你可以通过小宇宙、苹果播客、Spotify、喜马拉雅、网易云音乐、QQ 音乐、荔枝、豆瓣等平台收听节目。| 认识我们 |微信公众号:第一财经 YiMagazine联系我们:thatisbiz@yicai.com
The team talks about a recent report that U.S. retailers are set to shutter many more stores than they plan to open in 2025, and what that really means.
Welcome back to the final episode of the Furniture Industry Awards Gala Series on Stories from the River. In this episode, host Charlie Malouf shares the speech he delivered at the Furniture Industry Awards Gala where Broad River Retail was honored as Retailer of the Year. He opens the episode with a warm introduction, thanking key figures and reminiscing about significant milestones, such as Manny Rodrigues joining the company in November 2014. Charlie emphasizes the importance of the Memory Makers who have contributed to the company's success, mentioning various leaders and partners who have supported their journey. He shares personal anecdotes, including the surprise visit of his Mom to attend the awards gala, adding a heartfelt touch to the speech. Charlie goes on to reflect on the company's evolution, noting the strategic shift to a brand-new identity of putting the word "Retail" in its Company name, symbolizing the counter-cultural backbone of Broad River by changing from Broad River Furniture to Broad River Retail during the period many had referred to then of the Retail Apocalypse. He describes the organization's commitment to embracing challenges and the pivotal role of a united team in achieving their vision. He highlights the values of perseverance, faith, and long-term thinking, acknowledging the foundational work of those who came before them. Concluding on a gracious note, Charlie extends gratitude to his family, especially his sons, and underscores the philosophy that the greatest blessing in life is the ability to be a blessing to others. Broad River is a Company that is mindful of its organizational wake, and as such, is one that is constantly striving to be a purpose-driven Business that is a force for good in this world. This episode on YouTube: https://youtu.be/u_biAw1ZtB0 Visit https://www.storiesfromtheriver.com for more episodes. Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail
Welcome back to the final episode of the Furniture Industry Awards Gala Series on Stories from the River. In this episode, host Charlie Malouf shares the speech he delivered at the Furniture Industry Awards Gala where Broad River Retail was honored as Retailer of the Year. He opens the episode with a warm introduction, thanking key figures and reminiscing about significant milestones, such as Manny Rodrigues joining the company in November 2014. Charlie emphasizes the importance of the Memory Makers who have contributed to the company's success, mentioning various leaders and partners who have supported their journey. He shares personal anecdotes, including the surprise visit of his Mom to attend the awards gala, adding a heartfelt touch to the speech. Charlie goes on to reflect on the company's evolution, noting the strategic shift to a brand-new identity of putting the word "Retail" in its Company name, symbolizing the counter-cultural backbone of Broad River by changing from Broad River Furniture to Broad River Retail during the period many had referred to then of the Retail Apocalypse. He describes the organization's commitment to embracing challenges and the pivotal role of a united team in achieving their vision. He highlights the values of perseverance, faith, and long-term thinking, acknowledging the foundational work of those who came before them. Concluding on a gracious note, Charlie extends gratitude to his family, especially his sons, and underscores the philosophy that the greatest blessing in life is the ability to be a blessing to others. Broad River is a Company that is mindful of its organizational wake, and as such, is one that is constantly striving to be a purpose-driven Business that is a force for good in this world. This episode on YouTube: https://youtu.be/u_biAw1ZtB0 Visit https://www.storiesfromtheriver.com for more episodes. Broad River Retail brought this show to you. Visit https://BroadRiverRetail.com Follow us on LinkedIn: https://www.linkedin.com/company/broad-river-retail
The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom. ✅Check out my private, online investment community (Rebel Capitalist Pro) with Chris MacIntosh, Lyn Alden and many more for $1!! click here https://georgegammon.com/pro ✅Rebel capitalist merchandise https://www.rebelcapitaliststore.com
Bill discusses the rise of smart facilities, the importance of expanding your network, and why the retail apocalypse isn't as close as everyone says it is. Welcome to Elevating Brick and Mortar. A podcast about how operations and facilities drive brand performance.On today's episode, we talk with Bill Yanek, CEO of ConnexFM. ConnexFM is an association that empowers multi-site facilities management professionals to make informed business decisions, enhance their company's brand and advance their careers.Guest Bio:Bill is an experienced Chief Executive Officer with a history of leading associations. He's skilled in Business Planning, Management, Business Development, Marketing Strategy, and Organizational Development. Bill earned his Juris Doctor (J.D.) from University of Kansas School of Law. Timestamps:01:19 - About ConnexFM02:48 - Bill's journey05:32 - Having an impact on the industry12:38 - Considering smart facilities18:04 - The industry's PR problem21:40 - Industry trends28:11 - Is there a retail apocalypse?38:53 - Why you should build your network44:35 - Where to find BillSPONSOR:ServiceChannel brings you peace of mind through peak facilities performance.Rest easy knowing your locations are:Offering the best possible guest experienceLiving up to brand standardsOperating with minimal downtimeServiceChannel partners with more than 500 leading brands globally to provide visibility across operations, the flexibility to grow and adapt to consumer expectations, and accelerated performance from their asset fleet and service providers.Links:Connect with Bill on LinkedInConnect with Sid Shetty on LinkedinCheck out the ServiceChannel Website
Ever catch yourself wondering how a Brazilian immigrant, armed with an American Express credit card and a passion for fashion, could revolutionize the apparel industry? Tune in as Fernanda Bohme, co-founder of a women's fast fashion chain featured in Forbes, Cosmopolitan and Fast Inc 500, weaves a story of resilience, faith, and an unplanned Playboy Bunny fanbase. This episode is a montage of candid insights, laughter and timeless wisdom, offering a front row seat to Fernanda's journey from Brazil to the corridors of a successful fashion brand.Our conversation takes an unexpected yet exciting turn as we venture into the mystical realm of horoscope readings. We unveil our own astrological talents and challenges, leading to an intense discussion about judgement and compassion. We also dive into Fernanda's family history and her compelling journey from a law firm to co-founding a fashion brand with her sister. The story of how Playboy Bunnies became some of their best customers is a delightful twist you don't want to miss.As we unravel Fernanda's journey, we address the elephant in the room – the 'retail apocalypse' myth, and the real cost of doing business online. We contrast the overheads of a physical retail location with the costs of online marketing and hiring developers. Fernanda elegantly reveals the secret to her success - a mix of hard work, empathetic understanding of customers, and an ability to quickly pivot with fashion trends. We round off our discussion exploring the role of her musical background in business, and how hardships only tuned her into her true frequency. Prepare to be inspired by this unique story of a woman, who didn't just survive the fashion world, but mastered it.Please connect with Trevor on social media. You can find him anywhere @thetrevorcrump
Fresh off an appearance at TEDxFargo, West Acres Chief Operating Officer Alissa Adams sits down with host Thomas Evanella on the InForum Business Beat Podcast. Alissa discusses her TEDx experience, what differentiates West Acres from other malls and how the retail destination continues to attract new businesses.
In this episode of Dreamer to Entrepreneur, we tackle the topic of the retail apocalypse and its impact on small businesses. We emphasize the importance of finding a supportive community within the industry, as family and friends may not fully understand the challenges of running a business. Amanda shares her personal stories of finding unexpected friendships and support within the small business community, as well as the positive impact of attending industry events and participating in pop-up markets. She also provides advice for aspiring entrepreneurs, urging them to start small, build their online presence, and make smart moves to ensure the success of their business. Listen to the end as we conclude our episode with our Business Blooper segment! In this episode we share: The significance of inventory management The need to be adaptable in a constantly changing retail space The importance of providing excellent customer service Amanda gives advice on how to get started with a boutique in the situation our economy is in Show Notes: 39. Retail Apocalypse Connect with us: Follow on Instagram @dreamer.to.entrepreneur Tune in every other THURSDAY for a new episode!
Once the jewel in the crown of every high street, many department stores up and down the country are closing their doors for the last time. Join Timothy and Jasmine for a dose of nostalgia and real talk on the state of retail in an age of online shopping. Hosted on Acast. See acast.com/privacy for more information.
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In a special episode of our week-in-review, the team shares a live presentation we put on for ICSC's Continuing Education Michigan event, diving into the state of the retail market and the impact of macroeconomic events on commercial real estate. Here, we are joined by Emily D'Agostini Kunath of D'Agostini Companies to examine the “catchy” retail apocalypse theme, deciding if it still holds true in today's market. We break down what current liquidity, lending, and capital issues mean for retail and decide where the opportunities lie. If you are looking for the presentation that goes along with this podcast, send an email to podcast@trepp.com. Episode Notes: • Liquidity, liquidity, liquidity (1:40) • Retail stats (7:50) • Where was retail earlier this year? (13:05) • Strength of brick-and-mortar(16:30) • Store closings and bankruptcies(18:50) • Retail weaknesses: malls (20:22) • Street-level retail and crime (22:24) • Dispelling the retail myths (32:15) • Post-bank collapse: where is retail now? (34:18) • Headlines we're watching: debt ceiling (36:30) • Detroit CRE sentiment (37:55) • Where are opportunities? (40:45) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: www.twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp
The Retail Apocalypse is upon us, or so we're told: the US has gone from 2,500 malls in the 1980s to about 700 today, and as anchors fold even more are expected to close in years to come. Today I'm joined by guest Alexandra Lange, architectural critic and author of the new book "Meet Me by the Fountain: An Inside History of the Mall", to discuss the amazing life and death of the shopping mall. We'll examine how the mall serves as a nostalgic touchstone for so many, their problematic reinforcement of structural inequality, the phenomenon of dead malls, and what might lie in store for shuttered malls in the future! Show Notes and Links Buy Alexandra's new book, "Meet Me by the Fountain: An Inside History of the Mall" --- Support this podcast: https://anchor.fm/abandonedamerica/support
Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth
We are so excited to announce that the Invest Like A Billionaire podcast is celebrating its first anniversary! Thank you all for tuning in over the past 12 months. We couldn't have done this without each and every one of our generous listeners. In honor of this milestone, we're looking back at some of our favorite moments from the past year. We've had the pleasure of interviewing some of the biggest names in the world of investing, and along the way, we've learned a lot. We've gained a better understanding of the investing process and how to navigate the financial markets. On top of these, we have an exciting announcement about our podcast's new website! https://www.thebillionairepodcast.com/ We're excited to continue this journey in the coming year and beyond. We have some big plans for the future of Invest Like a Billionaire, and we can't wait to share them with you. Thank you for being part of our journey – we can't wait to see what the next year has in store! Sign up for the Future Billionaires' Newsletter!
Welcome back! Small Axe Community! We are joined by Ash Patel! Ash, is a full-time Commercial Real Estate and Business investor. Looking to invest in value add CRE and businesses. Over 10 years of experience in turning around properties and businesses. Love taking others on the journey with me. I have personally transacted over $40mm in deals. Looking to acquire value add warehouse, industrial, land, NNN, restaurants, retail, office, medical, etc. Open to joint ventures, startups, angel investing, and mentoring others. So with no further ado, Let's welcome Mr. Ash Patel! [00:00 - 08:32] Opening Segment Ash Patel has a 15-year career in corporate real estate and 10 years as a commercial real estate investor. He left his corporate career to become a full-time property investor and has purchased retail warehouses, offices industrial land mixed-use medical, and restaurants from vacant buildings to fully leased triple-net properties. The consistent theme is extraordinary returns for his properties, with an average annualized cash on cash return of 190%. He started out buying properties site unseen and then began mentoring others to scale up. Now, his mentees are finding deals and asking him to partner with them. [08:32 - 17:55] Retail Apocalypse? Nico Says It's Not So Bad Commercial tenants typically have a longer lease and are more stable than residential tenants. It is important to find the right tenant for the property, whether it be a large grocery store, furniture store, or mom-and-pop pizza place. Retail is still a viable business, despite recent closures by big box retailers. Quick Ad: Nico Invites you to join Jake's & Gino's Multifamily Mastery 5 in Florida this coming November 2022 If you're joining, Nico Salgado offers early bird pricing for you! All you have to do is connect and message him through his Instagram, Facebook, and LinkedIn or email him directly at nico@smallaxedcommunities.com to get the code you can use to avail a discount! [17:56 - 25:55] The Rise of the Suburban Downtown Suburban retail over city center retail, citing suburban downtowns as a thriving example of this trend. Suburban retail spots that are easy to visit and manage are often recession-resistant and internet resistant, making them a good investment. Ash has bought and leased fully leased triple net buildings in the past. He is interested in any type of property that doesn't have tenants living in it, as these are the easiest to lease. [25:55 - 33:21] People will be forgotten but not the lessons you teach. Ash says that he doesn't do self-storage, multi-family, or development because he doesn't have a competitive advantage in those spaces He recommends buying something for a fraction of the build cost rather than building it new He has a mentorship program for people who want to learn how to find deals and advises compiling a list of life lessons that can help you [33:22 - 34:22] Closing Segment Connect with Ash through Facebook, Bigger Pockets, and LinkedIn You may email him through ashpatel@gmail.com LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let's start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook, or check out my website https://smallaxecommunities.com/ and book a call with me. Tweetable Quotes: “I don't think that people's legacies really live on unless you're like a Steve jobs. I think people will be forgotten, but lessons that you teach your heirs will not be.” - Ash Patel
This episode features an interview with Garrick Brown, Director of Advisory Services and Business Development at Lockehouse Retail Group. Garrick is one of the United States' leading retail real estate analysts. On this episode, Garrick discusses why he thinks the retail apocalypse is over, how retail has grown into a hospitality business, and why consumer expectations are higher than ever.“Ultimately retail is kind of a hospitality business nowadays. It's so difficult to deliver on all three of my big motivators, which are: value, convenience, and experience. But we are now in the experience economy fully. And if you want to survive, it's so critical that you know that the experience is what builds your brand. It's what builds loyalty. And it impacts every single part of your store from operations to maintenance, to service. And it's so critical that everyone on your team from the buyers to the warehouse guys understand that is your basic credo.” - Garrick BrownTime Stamps *(0:14) About Garrick*(1:26) How Garrick's career has evolved*(7:50) The Retail Apocalypse is over*(14:25) Segment 2: Across the Goal Line*(16:09) The three reasons customers come to stores*(21:56) Garrick's view on the role of facilities*(28:50) The economics behind facilities*(30:18) Segment 3: How We Do It*(33:50) Talkin' Tech*(40:12) Segment 3: Future Forward*(42:40) COVID related shifts *(46:18) Garrick's advice for thriving in retail—Sponsor:Wouldn't you like to rest easy knowing that your brick and mortar locations are offering the best possible guest experience? It's time to partner with ServiceChannel for peak facilities performance. Check out Servicechannel.com to learn more. —Links Connect with Garrick Brown on LinkedInConnect with Sid Shetty on LinkedinCheck out the ServiceChannel WebsiteCheck out Garrick's Podcast
Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, Bill Brewster and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/ About Jake: Jake is a partner at Farnam Street. Jake's website: http://farnam-street.com/vah Jake's podcast: https://twitter.com/5_GQs Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l About Bill: Bill runs Sullimar Capital Group, a family investment firm. Bill's website: https://sullimarcapital.group/ Bill's Twitter: @BillBrewsterSCG ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam.
Invest Like a Billionaire - The alternative investments & strategies billionaires use to grow wealth
What's actually going on with retail real estate? For years, we've been seeing headlines declaring that retail real estate is dying, and e-commerce will win. We dive into some charts from a recent presentation we saw from a well-know real estate economist. The findings are illuminating! On this mini-episode series, Bob and Ben dive into the data behind the narratives, looking at timely data, important economic findings, macro trends, and other important topics for investors. On the Top of Mind Series, we share bite-sized insights into a timely or trending topic. Love the show? Subscribe, rate, review, and share! TheBillionairePodcast.com
The Covid pandemic has had a profound impact on the retail industry and consumer behavior. By some estimates, the pandemic accelerated by about 10 years the transition to online shopping.Without a doubt, this has caused a lot of strain on brick-and-mortar stores, and most of them are slowly dying out.To better understand retail trends and the best practices in today's eCom space, I have on Josh Orr. He is the founder of Streamline Retail, where they help brick-and-mortar stores take the best parts of their business online.But it's not all doom and gloom for physical outlets. As you'll be hearing in this episode, we explore some effective strategies to combine both a physical store and a robust online retail presence.Highlights of the conversation include: Best practices in today's retail and eComMistakes people are making when moving from brick-and-mortar to onlineHow to future-proof your retail businessTrends in the eCom spaceWho does your business serve? And how to build your strategy around thatMake sure to tune in as this is a value-packed episode with eCom tips and strategies from the retail expert himself. Key Takeaways- Challenges businesses face with adapting to the new retail (06:17)- Best practices in today's retail and eCom space (08:48)- Mistakes people are making when moving from brick and mortar to online (12:50)- Some things brands can do to get ready for Black Friday/Cyber Monday (14:24)- Foundational principle about sales and promotions (17:01)- Big trends in the eCom space (20:05)- You have the freedom to pivot (22:18)Additional Resources Learn more about Streamline Retail here Connect with Josh on InstagramYou can find the transcripts and more at http://bizninjaradio.comBe sure to follow me on Instagram @bizninja---Subscribe to the podcast on Apple, Spotify, Google, Stitcher, YouTube, or anywhere else you listen to your podcasts.If you haven't already, please rate and review the podcast on Apple Podcasts!
The Covid pandemic has had a profound impact on the retail industry and consumer behavior. By some estimates, the pandemic accelerated by about 10 years the transition to online shopping.Without a doubt, this has caused a lot of strain on brick-and-mortar stores, and most of them are slowly dying out.To better understand retail trends and the best practices in today's eCom space, I have on Josh Orr. He is the founder of Streamline Retail, where they help brick-and-mortar stores take the best parts of their business online.But it's not all doom and gloom for physical outlets. As you'll be hearing in this episode, we explore some effective strategies to combine both a physical store and a robust online retail presence.Highlights of the conversation include: Best practices in today's retail and eComMistakes people are making when moving from brick-and-mortar to onlineHow to future-proof your retail businessTrends in the eCom spaceWho does your business serve? And how to build your strategy around thatMake sure to tune in as this is a value-packed episode with eCom tips and strategies from the retail expert himself. Key Takeaways- Challenges businesses face with adapting to the new retail (06:17)- Best practices in today's retail and eCom space (08:48)- Mistakes people are making when moving from brick and mortar to online (12:50)- Some things brands can do to get ready for Black Friday/Cyber Monday (14:24)- Foundational principle about sales and promotions (17:01)- Big trends in the eCom space (20:05)- You have the freedom to pivot (22:18)Additional Resources Learn more about Streamline Retail here Connect with Josh on InstagramYou can find the transcripts and more at http://bizninjaradio.comBe sure to follow me on Instagram @bizninja---Subscribe to the podcast on Apple, Spotify, Google, Stitcher, YouTube, or anywhere else you listen to your podcasts.If you haven't already, please rate and review the podcast on Apple Podcasts!
Part II of Retail Revolution vs. Retail Apocalypse delves into how the retail industry has changed and adapted to the Pandemic. In Part 1 of this episode which was released back in 2019, we discussed how brick and mortar stores were becoming less popular with the rise of e-commerce and how as a result physical stores adapted with innovative and experiential retail methods. Things are very different now with COVID-19 increasing reliance on e-commerce and increasing barriers to in-store experiences. Tune in to find out more about the future of retail, especially as a result of the pandemic.
This week our very special guest is Hubert Joly, former Chairman and CEO of Best Buy, senior lecturer at Harvard Business School and the author of the just released bestselling book The Heart of Business: Leadership Principles for the Next Era of Capitalism.In a wide-ranging interview we explore Hubert's storied career as one of the world's leading CEO's, highlighted by Best Buy's transformation into a truly remarkable retailer. But we also delve into his personal evolution from a hard-charging McKinsey consultant who was all about performance optimization, to someone who saw leadership rooted in unleashing "human magic." Beyond the captivating details of Best Buy's renaissance--which include strongly defying the retail apocalypse narrative--we unpack the many leadership lessons from Hubert's powerful new book. Chief among them is becoming people-centric, not profit centric and discovering your brand's--and your own--purpose. He also strongly argues for a complete (and urgent) re-framing of the role of capitalism and presents a pragmatic guide to applying his principles. Our conversation is compelling, concrete and profoundly optimistic. You might also conclude you need to find a coach.We wrap with our fast-paced weekly segment “Remarkable or Forgettable?” where we give our hot takes on retail headlines, and deem them wow-worthy, best ignored or somewhere in between. This week's big stories include Amazon's blockbuster earnings, department stores' misleading footwear dominance, forthcoming IPO's from several well-known digitally-native brands and Walmart+ subscription stats.Steve's related Forbes articles:The Stores Strike Back.To Defy the Retail Apocalypse, Target and Best Buy Embrace the Blur.Other related readings:Marshall Goldsmith, What Got You Here, Won't Get You ThereBrene Brown, The Gifts of Imperfection HUBERT JOLY is the former Chairman and CEO of Best Buy.He has been recognized as one of the one hundred “Best-Performing CEOs in the World” by Harvard Business Review, one of the top thirty CEOs in the world by Barron’s, and one of the top ten CEOs in the United States in Glassdoor’s annual Employees’ Choice Awards. Joly is now a senior lecturer at Harvard Business School and serves on the boards of Johnson & Johnson and Ralph Lauren.During Hubert’s time at Best Buy, he and his team rebuilt the company into one of the nation’s favorite employers, a sustainable leader, and an innovator, dramatically increasing customer satisfaction and growing the company’s stock price 10-fold. His greatest achievement, however, may have been to make himself dispensable: he decided to step down as CEO in 2019 and as executive chairman in 2020, and pass the baton to a new generation of leaders.Hubert’s purpose in life is to make a positive difference on people around him and use the platform he has to make a positive difference in the world. Besides serving on the boards of Johnson & Johnson and Ralph Lauren, he now spends most of his time as a lecturer at Harvard Business School and supporting other leaders seeking to become the best versions of themselves and to lead with purpose and humanity. He is also actively invested in efforts to advance meaningful diversity and inclusion.Steve Dennis is an advisor, keynote speaker and author on strategic growth and business innovation. You can learn more about Steve on his website. The expanded and revised edition of his bestselling book Remarkable Retail: How To Win & Keep Customers in the Age of Disruption is now available at Amazon or just about anywhere else books are sold. Steve regularly shares his insights in his role as a Forbes senior contributor and on Twitter and LinkedIn. You can also check out his speaker "sizzle" reel here.Michael LeBlanc is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice. He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career. Michael is the producer and host of a network of leading podcasts including Canada’s top retail industry podcast, The Voice of Retail, plus Global E-Commerce Tech Talks and The Food Professor with Dr. Sylvain Charlebois. You can learn more about Michael here or on LinkedIn.
With servicer data slowly showing signs of how the pandemic impacted commercial real estate, it is time to look at last year's delinquencies and whether these loans are starting to "cure" or pay off. In this week’s episode, we preview the current status of loans that were delinquent during the height of the COVID market crisis, review office vacancies, and give an update on the retail apocalypse and the student housing and single-family rental markets. Episode Notes: Weekly economic update (0:48) Where are last year’s delinquent loans now? (6:38) Government offices shrinking space (10:04) Office vacancies (15:23) Positive office headlines (19:28) “Retail apocalypse” update (21:25) Hotel news (32:06) Multifamily occupancy analysis, student-housing (39:53) Single-family rental market (43:31) Shoutouts (45:25) Questions or comments? Contact us at podcast@trepp.com. Follow Trepp: Twitter: twitter.com/TreppWire LinkedIn: www.linkedin.com/company/trepp-llc Facebook: www.facebook.com/TreppLLC
Here's a staggering statistic to kick off your Monday morning: 77% of consumers say they have tried new brands since the beginning of 2020 In this episode, we sat down with Mark Smith, President of Kitewheel, a leading solution provider for customer journey orchestration and analytics, to discuss what's driving consumers’ willingness to try new brands. Kitewheel recently released a report titled “How to Survive The Latest Retail Apocalypse”, which explores key industry trends and offers recommendations on how brands can make the most of an evolving retail landscape. We've got the scoop—and more—on today's episode. - - - - - - Hosted by Julia Raymond Hare Produced by Gabriella Bock Edited by Trenton Waller
Tony welcomes back listeners with his reflections on the past year and what to expect this season as he dives even deeper into what it takes to execute retail change.This podcast is presented by Dell Technologies and Intel. Together they help you realize digital transformation across retail by driving IT innovation to better engage with today’s connected consumer. Learn more at DellTechnologies.com/retail and Intel.com/retail.
The latest choice in video-streaming makes it debut, a look at the rise in the popularity of crypto currencies and how communities are dealing with the crumbling of the traditional retail district. See omnystudio.com/listener for privacy information.
As is always true with the economy, there is both good and bad news at once.On episode 111 of the CUES Podcast, Steve Rick says some of the good news is that the jobless rate has dropped back to a rate of 6.3%, after spiking to 14.7% at the height of the pandemic shutdown last year.Director and chief economist at CUESolutions Platinum provider for executive benefits CUNA Mutual Group, Madison, Wisconsin, Rick says economists believe that 4.5% is the “long-run natural employment rate” in the U.S. He is forecasting reaching that rate again by the end of 2022.“We do believe we will reach herd immunity, probably by the fourth quarter of this year … where … 75 to 80% of our population has been vaccinated and is … immune,” he says. “So, we're hoping by the end of this year to have the unemployment rate down to 5.5%.”Some of the bad news Rick cites includes the hard hit taken by retail businesses during the government-mandated shutdowns early in 2020. Many stores, restaurants and movie theaters have been severely disrupted or even permanently shut down in what Rick calls a “retail apocalypse.” While those that closed may never reopen, there is a glimmer of hope here, too. In the January retail sales report, Rick says, “We saw sales pick up 5.3% compared to December. Now, that's a huge jump. … if we can compare this January of 2021 … to January 2020 … before the pandemic, we're up 7.4%. Now, that is a huge increase, 7.4% in spending. … So we're actually seeing a nice recovery already.”Rick projects a jump in gross domestic product this year of about 4.5 percentage points. “So we're going to be making 4.5% more stuff, if you will, then we did last year,” he says. “And last year … we dropped 3.5% in the production of goods and services. So, a nice recovery for 2021. “… if we get another $1,400 stimulus check sometime this spring, you know, if President Biden gets his 1.9 trillion stimulus,” he adds, “we could see a really strong economy going into the second half of this year.”The show also gets into:More on the potential impact of any additional federal stimulus checksIdeas about retraining workers to help counteract unemploymentThe huge surge in member depositsThe answer to a question from CUES member Cynthia Ryan, EVP/COO of Connect Credit Union, Fort Lauderdale, Florida, about how to handle the boost in liquidity from the increase in member depositsThe mortgage refi boom and how many loans to sell on the secondary market in these timesThe potential impact of any forgiveness of federal student loan debtThe importance of cost control and managing net interest margin right nowLinks for this show:Email Steve RickCUESolutions Platinum provider for executive benefits CUNA Mutual Group, Madison, WisconsinCU Management magazine’s monthly CFO Focus columnsCUES Advanced Management Program from Cornell UniversityPartial transcript for Episode 111
Vincent Diallo of Interlace Ventures joins Nick to discuss Retail Apocalypse or Renaissance, the Commerce Evolution, and Fundraising from Corporates. In this episode, we cover: Article Mentioned in Episode: http://bit.ly/TFR-Vincent Walk us through your background and path to VC What's the thesis at Interlace? COVID has affected commerce severely -- for better and for worse. Has this changed your investment approach? Many investors are avoiding all physical retail as COVID has created a “retail apocalypse”, but you've stated that you see it more as a retail renaissance. Why? What are some trends from COVID that you think investors are overreacting to that you expect will return to pre-pandemic levels? What new consumer experiences or behaviors are emerging that you are excited about? You mentioned supply chain as another area of interest, where are the biggest opportunities in the supply chain? Biggest mistake fundraising? Biggest win fundraising? Oper8tor program? Is now a good time or a difficult time to be a diverse fund manager?
Operating far outside the lines of what he calls the “humanitarian-industrial complex,” freelance culture hacker and FreeSpace founder Mike Zuckerman has been going into refugee settlements around the world, working with their citizens to create spaces and places that better serve their communities. While the NGOs wrung their hands over how to deliver aid in the COVID-19 pandemic, Zuck spent most of last year on the ground in Uganda, working with the people of Nakivale, a refugee settlement of 120,000 near the Tanzanian border. Together they built civic spaces including an amphitheater, a library, a radio station, and a Virtual Reality room in a shipping container, which they used to connect Nakivale to the Burning Man online multiverse last summer. With projects like these, Zuck is bringing the lessons of Black Rock City to other temporary spaces around the world, helping displaced persons overcome “agency deprivation disorder” and reclaim their innate plowers of self-reliance and self-expression.http://www.mikezuckerman.comhttp://freespace.iohttps://opportunigee.orghttps://burningman.org/culture/burning-man-arts/grants/globalLIVE.BURNINGMAN.ORG
Operating far outside the lines of what he calls the “humanitarian-industrial complex,” freelance culture hacker and FreeSpace founder Mike Zuckerman has been going into refugee settlements around the world, working with their citizens to create spaces and places that better serve their communities. While the NGOs wrung their hands over how to deliver aid in the COVID-19 pandemic, Zuck spent most of last year on the ground in Uganda, working with the people of Nakivale, a refugee settlement of 120,000 near the Tanzanian border. Together they built civic spaces including an amphitheater, a library, a radio station, and a Virtual Reality room in a shipping container, which they used to connect Nakivale to the Burning Man online multiverse last summer. With projects like these, Zuck is bringing the lessons of Black Rock City to other temporary spaces around the world, helping displaced persons overcome “agency deprivation disorder” and reclaim their innate plowers of self-reliance and self-expression.mikezuckerman.comfreespace.ioopportunigee.orgto.orgwearealight.org ourhabitas.com/riseburningman.org/culture/burning-man-arts/grants/globalLIVE.BURNINGMAN.ORG
Retail Apocalypse. Cancel Everything. You remember these phrases, right? Today we're talking to Mark Kohlenberg of WDM (Well Dressed Men) about his premium men's footwear + accessories businesses and their strategy during this pandemic. Also joining us is Breana Murphy of Mansueto Ventures, which runs Inc. + Fast Company magazines. As the head of live events, pivoting during the pandemic was her main job.
This episode will explore how technology and the pamdemic has changed retail. In store shopping was once a thriving industry now changed by online shopping. The growth of Ecommerce has been a devastating blow to brick and mortar stores. So who closed, who is barely surviving and who is thriving?
Paul and Len discuss the crippling blow to the restaurant and retail industries brought on by covid pandemic. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/legaldispute/message Support this podcast: https://anchor.fm/legaldispute/support
On this episode, Michael Berne, one of North America's leading experts and futurists on the Retail Industry, joins us for an interview. As the Founder and President of MJB Consulting, Michael has amassed more than twenty years of experience in conducting market analyses, devising tenanting strategies, advising on project site plans and spearheading recruitment efforts on behalf of developers, landlords, investors as well as municipalities, BID’s, CDC’s and other non-profit clients across the U.S., Canada and the U.K. The firm has long been active across the region, with recent and past engagements in (Philadelphia), Phoenixville, PA, Atlantic City, Newark (NJ) and Westfield (NJ), among others. Michael is a regular presenter and keynote speaker at industry conferences, including those of the International Downtown Association (IDA), the National Main Street Center, the International Council of Shopping Centers (ICSC), the International Economic Development Council (IEDC), the American Planning Association (APA) and the Urban Land Institute (ULI), among others. Michael has lectured at University of Pennsylvania and the University of California, Berkeley. He is quoted often in high-profile publications such as the Financial Times, TheStreet, Planning and the Washington Post. In addition to his widely followed “Retail Contrarian” blog, Michael is a contributor to and founding Board member of a new online publication called the American Downtown Revitalization Review (ADRR). He has penned numerous articles for magazines and has authored an essay for an upcoming book on the history of the Main Street movement and written a chapter in a recently-published volume on the urbanization of the suburbs called, (“Suburban Remix: Creating the Next Generation of Urban Places”). Before founding MJB Consulting, Michael worked on market studies and commercial revitalization for a planning consultancy, leasing and acquisitions for an urban retail developer, and policy analysis for a citywide elected official. Check out our website at www.realestateinvestormba.com Follow us on Social Media: Facebook: https://www.facebook.com/realestateinvestormba LinkedIn: https://www.linkedin.com/company/realestateinvestormba-com Instagram: https://www.instagram.com/realestateinvestormba/ Twitter: https://twitter.com/reinvestormba
Getting Started on Your Next Project (0:00:00)Have you ever had an idea worth a million bucks? Unfortunately, many of our ideas never leave the brainstorming phase because life gets in the way of us getting started. Suttida Yang gives us a push to get over the first hill on our journey to making our ideas a reality. The Retail Apocalypse (0:17:02)The "retail apocalypse" has been grabbing headlines with over 1,200 individual stores closing so far in 2020, including big-name clothing retailers like Macy's and Express. But maybe that's not a bad thing, Reports Forbes. Brandon Roe joins us to share how retailers are catching up with our ever-evolving shopping trends. Black Fatigue (0:54:51)While Black Lives Matter may have faded from your social media feed, racism has not faded from our institutions. For non-black people, things like this are out of sight, out of mind. But for BIPOC, racism is a daily reality. Author Mary-Frances Winters shares the emotional effects of racism on BIPOC, as well as her perspective on how to better understand and combat it. Dreaming Again (1:11:14)When we were kids, we dreamed freely. As adults, our dreams often hit the back burner as we are forced to focus on more pressing, practical matters. Day-to-day responsibilities often seem easier and more manageable than reaching for those dreams that sit in the back of our minds. Ganel-Lyn Condie offers advice on how to dream again and pursue our aspirations. Weekend Review (1:31:13)Lisa and Richie share movies, books, podcasts and recipes to enjoy this weekend.
Suttida Yang walks us through finding the time and motivation to get started on our next project, Brandon Roe shares how retail brands are catching up with our evolving shopping habits, Mary-Frances Winters helps us better understand the emotional effects racism has on Black people, Ganel-Lyn Condie encourages us to dream again, Lisa and Richie give suggestions for your weekend.
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Over the past 3-5 years, fashion retail has been going through what’s been coined “The Retail Apocalypse.” Long-held truths and traditions that had served retailers for over a hundred years no longer made sense, or needed to be tweaked, to integrate with online shopping, and overall digital technologies that have led to greater access to brands globally. In short, technology was facilitating supply in a world where demand hasn’t shifted—at least demographically speaking. Yes, fast fashion retailers, were able to convince shoppers to buy more, but even that has its limits. And now, with the Covid-19 pandemic, the apocalypse is no longer metaphorical. It is real, and the consequences of not fully shifting to a digital-focused retail operation is forcing companies to shift focus immediately or go out of business. Those companies that have the funds and expertise to make this shift will make it to the other side of the pandemic intact. There are many lessons to be learned from retail in other industries. In particular, higher education. In many ways, fashion retail and higher education are quite alike. They rely heavily on physical service, experience and community. The sum of these three elements is a brand name—that carries social currency, and allows fashion brands and schools, in equal measure, to increase their prices, far beyond cost. Both industries have engaged in building digital platforms, catering to a new generation of customers and expanding their reach and profits. But in both cases, the shift to online was largely for “looks” —to be seen as technologically progressive. Behind-the-scenes was something altogether different. Online shopping and online learning are largely misunderstood and therefore underfunded and understaffed. And the actual technologies driving their online activities are outdated. In both cases, the physical and online experience have been kept separate. Fashion companies hired “online staff” and universities hired “online instructors” —often second-class citizens. And yes, while there are some positive examples of collaboration and integration between the two, these are not the norm. In large part, this is due to executive leadership, that doesn’t fully understand online modalities, especially in terms of how it is now driving the physical experience. full integration with a physical experience. What’s more, they are not part of the generation of customers or students, who grew up in a digital world and who expect a fully connected, integrated, hybrid experience. Higher education is now forced to face head-on the online revolution that is completely re-shaping all learning modalities. And just like fashion retail, this is going to require a shift in hiring and staffing, building new expertise, a updated operational strategies. Except for the special few boutique schools—that are more in line with Hermes than Zara, higher education is now poised for a revolution, not an evolution. There is no simply no time for the latter. fashionconsort.com @fashionconsortagency Learn more about your ad choices. Visit megaphone.fm/adchoices
" While brick and mortar retail struggles through the pandemic, online shopping is surging. E-commerce giants are buying warehouses like they’re hotcakes, and there’s a new push to move fulfillment centers closer to cities. It’s a heated battle to provide the fastest home deliveries. Plus, the future of the office and what it means to “spread out.” -- At Plain English, we make English lessons for the modern world. -- Today’s full English lesson, including a free transcript, can be found at: https://plainenglish.com/280 -- Learning English should be fun! That’s why our lessons are about current events and trending topics you care about: business, travel, technology, health, science, politics, the environment, and so much more. Our free English lessons always include English expressions and phrasal verbs, too. -- Learn even more English at PlainEnglish.com, where we have fast and slow audio, translations, videos, online English courses, and a supportive community of English learners like you. Sign up free at PlainEnglish.com/Join -- Aprende inglés gratis en línea con nuestro curso de inglés. Se habla a una velocidad lenta para que todos entiendan. ¡Aprende ingles con nosotros ahora! | Aprenda Inglês online grátis com o Plain English, a uma velocidade menor, para que todos possam entender. Contact: E-mail jeff@plainenglish.com | WhatsApp +1 312 967 8757 | Facebook PlainEnglishPod | Instagram PlainEnglishPod | Twitter @PlainEnglishPod "
Art Marketing Podcast: How to Sell Art Online and Generate Consistent Monthly Sales
I want to talk about a few things today: the retail apocalypse, getting in the game, and a little bit more art business talk. So... "Retail Apocalypse" – what does it mean? This is the phrase that's being used right now to describe what's going on with this pandemic and how it's affecting retail businesses. Especially now with this resurgence of cases and more restrictions. Where does all of this leave the art market? What's going to happen to galleries and art shows? And most importantly, what do you need to do in order to future-proof your art business?
Whether a shakeout of biblical proportions is rolling like thunder across the U.S. economy or not, Institutional Real Estate Americas’ senior editor Loretta Clodfelter says retail — as we have traditionally known it — is destined to undergo major changes as a matter of survival. (07/2020)
Join Dean DeBiase and Steve Dennis, a Forbes Senior Contributor, Top 5 Retail Influencer and author of Remarkable Retail, which Seth Godin calls “required reading for anyone who runs a store”. They thought the Retail Apocalypse was the worst thing that could happen—but then came along a pandemic triggering retail lockdowns around the globe. Dean and Steve unpack the historic issues retailers face and why it's not physical that's dead—just boring retail! --- Send in a voice message: https://anchor.fm/rebootchronicles/message
Today- we are releasing an extra episode of The MoneyPot with Sanjib Kalita, Editor in Chief of Money 20/20 and Rachel Morrissey, Content Producer at Money 20/20 discuss a variety of immediate and possible effects of the pandemic.In this we discuss the following:1. What capital markets are showing us about funding in general2. Flight to Quality- Where the money will go3. Retail Apocalypse 4. Launder your money (because it is crawling in pathogens) and contactless payments5. Neither a Borrower or a Lender Be... the perils of debt, borrowing money, and not borrowing money.6. Regulators can be heroes! (If we let them) 7. Freaky Friday for Banks and Tech. In 2008, banks were in crisis and tech was going to be the helping hand. But the banks books are healthier, and it might be their turn. Produced by Roland Bodenham, Senior Video Editor, Ascential MediaRachel Morrissey, Content Producer, Money 20/20 Sanjib Kalita, Editor in Chief, Money 20/20
Jason Hartman explores what's happening in America today when it comes to population growth (or the lack thereof). When you look at the demographics of babies being born today and what the housing market is going to need in 30 years, it's not a great thing for society. But that's why investment real estate can protect us. Then Jason talks with Quint Studer, author of Building A Vibrant Community: How Citizen-Powered Change Is Reshaping America and founder of Studer Community Institute, about how he was able to change Pensacola, FL and how other areas could be renovated using the exact same strategies that he employed. Key Takeaways: [2:43] 3 basic things that comprise population trends [7:56] Construction in the 2010s was virtually non-existent Quint Studer Interview: [14:23] The components of Pensacola's turnaround [17:58] In the midst of the Retail Apocalypse, what is actually working in retail? [21:40] Civic Conversations, bringing in experts to discuss their specialties, opened up opportunities they didn't realize would happen [24:28] There needs to be heavy investment into skill development Website: www.VibrantCommunityPartners.com www.StuderI.org www.PNJ.com/CivicCon
Is online shopping killing brick-and-mortar businesses? Despite the strong economy, more than nine-thousand stores announced they were closing nationwide, with many calling it a "retail apocalypse." So is it the end shopping malls altogether? Vice Chairman of Newmark Knight Frank, Jeffrey Roseman weighs in on the "retail apocalypse" and the evolution of today's malls. FOX News Rundown host Chris Foster looks back at one of his favorite interviews of 2019. In April of this year, Lara Trump sat down with Chris to discuss her role as the Trump Campaign Senior Advisor and the 2020 presidential race. She also shares a glimpse into what it's like as the president's daughter-in-law. Plus, commentary by "Fox & Friends" host, and host the "Brian Kilmeade Show" Brian Kilmeade. Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode was inspired by a bad experience Esmeralda had at TJ Maxx a few days ago. She talks about how she feels these things will not help the retail apocalypse. She discusses why she decides to pay more at certain retailers over others. Companies like Starbucks, Macys, McDonalds are mentioned. A little of social responsibility on a customers perspective is discussed and how it would be more of an impact if we all knew and did more about it. A few other random retail experiences are discussed.
In this episode, the thinkers, creators and storytellers at shark&minnow debate the death of retail and discuss digital transformation strategies […]
According to economist Michael Mandel, not only is the economy adding more jobs thanks to the massive online retailers allegedly wreaking havoc across the United States, these new jobs actually pay more as well. The post https://www.aei.org/multimedia/ep-120-they-myth-of-the-retail-apocalypse-political-economy-with-james-pethokoukis/ (Ep. 120: The myth of the retail apocalypse — Political Economy with James Pethokoukis) appeared first on https://www.aei.org (American Enterprise Institute - AEI).