Here are some deeper dive stories worth reading from the world of retail:
👟 Intern to CEO: he just did it!
After the call that would transform his life, Elliott Hill hung up the pay phone, stuffed everything he owned in his car and drove from Ohio to Tennessee so he could start his dream job at Nike. But when he walked into the company’s Midwest regional sales office for his first day of work, there was just one problem. Hill’s new boss told him that it wasn’t exactly a job. It was actually going to be a six-month internship. It was an inauspicious start, but Hill lasted longer than six months at Nike. In fact, he would spend his entire career at the same company. And now, he's the CEO.
🔗 Link: https://bit.ly/3Bp1S0E
🛒 Retail isn't the only way to scale businesses:
If you're an entrepreneur with a product-based business, you've probably dreamed of the day you can walk into a store and physically pick up your product. For a long time, that was the holy grail. But, luckily for today's entrepreneurs, the ever-evolving business landscape means that successfully scaling a brand doesn't have to begin in traditional retail. By exploring these alternative routes, you can not only scale more effectively, but also develop deeper connections with your target audience.
🔗 Link: https://bit.ly/3XEDvUa
🥦 Kroger - Albertsons merger hangs on the fate of workers:
Authorities challenging the largest supermarket deal in US history have said it must be blocked to protect unionized workers. Legal cases challenging the deal are moving through the court system. Final briefs were filed on Friday after a trial in which the FTC, eight states and the District of Columbia asked a federal judge for an injunction. The lawsuits go beyond customary claims about protecting consumers to allege harms to workers from the deal. But not all unions agree.
🔗 Link: https://bit.ly/4gKOSm5
🛍️ Small retailers can succeed against behemoths:
Retail is hard. To excel in some businesses, you only have to be really smart every now and then; success depends more on execution than innovation. However, the seasonality of most retail businesses requires that they be smart four times a year – plus, like every other type of business, retailers must also execute well. Often, small retailer success comes from competing against a behemoth – but on their own terms. Small retailers that succeed usually differentiate themselves in some way that doesn’t require scale.
🔗 Link: https://bit.ly/3ZHsP9Q
👓 Smart glasses and the disruption of eyewear:
Meta unveiled a prototype of its first augmented-reality (AR) glasses, but they won’t be available until 2027. Meanwhile, Meta's Ray-Ban smart glasses, developed with EssilorLuxottica, have already disrupted the market, selling over 700,000 units. But true disruption will come when glasses integrate AR and AI seamlessly, which may still be years away.
🔗 Link: https://bit.ly/3ZIyr3L
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