Would you buy your tires from Amazon? According to Fortune, Amazon is getting into the tire business. Yup, the tire business. An e-commerce tire business? Apparently we are going to try that. As Fortune reports here, Amazon is partnering with car maintenance firm Monro to sell tires. Monro will initially offer tire-installation services to Amazon customers in the Baltimore area before expanding to more than 1,170 stores across 27 eastern states, the Rochester, New York-based company said in a statement Thursday. The company, which offers similar services to customers of online sellers … [Read more...]
WMT ♥ NY
After years of trying to place a store in New York City, Walmart has finally found a way. Rather than opening a super-center, Walmart is opening a fulfillment center for its online store, Jet.com. Walmart is racing to build up its online sales across its portfolio of internet properties, including Walmart.com, Jet.com, Bonobos, Moosejaw, Modcloth and others. Walmart sees Jet.com as a way to reach wealthier urban customers it doesn't currently serve with its stores. Sarah Nassauer reports on the strategy at The Wall Street Journal: Since Walmart purchased the Hoboken, N.J., startup and … [Read more...]
The Hollowing of America’s Malls
Mall vacancies have just hit a six-year high. As retailers go bankrupt or close unprofitable stores, malls are emptying out. Esther Fung reports: Space has been emptied by a steady decline of some of the most-iconic retail names. Bon Ton Stores Inc., Sears Holdings Corp. and J.C. Penney Co. are among big names that have sharply reduced the number of stores in recent years. The last Toys “R” Us stores closed on Friday after a restructuring attempt failed. In March, when it announced the liquidation of U.S. stores, the company had roughly 800 stores in the country. Xander Chou, a 40-year … [Read more...]
Amazon Revving Up Whole Foods
In the short time Amazon has owned Whole Foods, it has worked to apply its own strengths to the grocery business's operation. Heather Haddon and Laura Stevens report: A year after Amazon bought Whole Foods for $13.5 billion, the e-commerce company is making its mark on the nation’s largest natural and organic supermarket. Year-over-year sales at Whole Foods stores are up since the takeover, as consumers respond to new delivery options and enhanced benefits for Amazon Prime members. The store recently introduced 10% discounts for Prime members at all 460 stores, and it offers two-hour delivery … [Read more...]
Conagra to Buy Pinnacle Foods: Is this the Beginning of a Mega-Consolidation?
News broke yesterday that Conagra Brands will buy Pinnacle Foods, tying together two midsize American food brands. The big companies selling food in America have been having trouble, and it's worth considering if this may be the first step in what may be a necessary consolidation of the industry. The WSJ Logistics Report explains: Big Food is getting even bigger. Conagra Brands Inc. will pay $8.2 billion to buy Pinnacle Foods Inc., doubling down on frozen foods and taking a new step toward resetting food supply chains in a fast-changing market. The deal would create a conglomerate with about … [Read more...]
Airport Access is Key to the E-Commerce Revolution
Demand for fast shipping and nimble logistics have made property near airports a valuable commodity. Tim Boreham, in the Sydney Morning Herald, explains how demand for property near airports is affecting the real estate markets in Sydney and Melbourne. He writes: As industrial occupancy rates take off, city airports are playing host to leasing deals involving e-commerce tenants or those linked to the transport and logistics industries. At Westmeadows, near Tullamarine Airport, international freight company Raw Global has landed at the Cargo Park business estate at 1 International Drive, … [Read more...]
Is This Really the End for Toys R Us?
This week could be the end for the Toys R Us brand, with all stores scheduled to close forever by Friday. But there are some who believe that the toy store chain will rise like a phoenix after new investors get hold of the company's brand. USA Today reports: Even as stores enter their final days of the liquidation sale, toy expert Jim Silver, the founder and editor in chief of popular toy review website TTPM.com, isn't convinced that the Toys R Us story is over. There are many bidders interested in the Toys R Us brand names, including buyers who understand the potential for a reborn Toys R … [Read more...]
Can Kroger Make Americans Buy Their Groceries more like Europeans?
Kroger is America's number one grocer. In the current market, companies like Wal-Mart and Amazon.com are fighting to take share away from Kroger, especially in the rapidly developing online grocery market. Kroger is fighting back by purchasing Ocado, a British online supermarket. In the U.K. 6% of food sales are online. If Kroger can increase Americans' share of grocery sales online from 2% to 6%, it will be a major victory. According to The WSJ's Logistics Report: Supply Chain Strategies The grocery-delivery business has a new market leader, and the surprise is that it’s not Amazon or … [Read more...]
Amazon Keeps Expanding
Amazon, the massive online retailer, just keeps on increasing its logistical infrastructure. Now the e-commerce giant is building a 1 million square foot facility in Burlington, NJ. Jan Hefler of The Philadelphia Inquirer writes: Amazon spokeswoman Rachael Lighty said the 1 million square-foot facility would create 600 full-time jobs for area residents, adding to the more than 16,000 the company employs across the state. Amazon’s selection of the Burlington site continues the company’s plans for distribution warehouses in South Jersey. There are centers in Florence in Burlington County and … [Read more...]
Can Amazon Help Revive Branded Consumer Products Companies?
If you are a regular Amazon user you may have noticed the ads that have started to show up at the top of every search you do on the company’s web page. Or maybe you haven’t. They don’t look much different than organic search results. As the FT reports, advertising is becoming a big business for Amazon. In the last quarter the company generated close to $2 billion from advertising. Advertising is a huge potential market for Amazon, and one where margins are orders of magnitude higher than on the pure sale of retail products. Amazon is of course well within its right to offer up ads on its … [Read more...]
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