Discover retail trends, strategies, and innovations shaping the industry.
Food
Private equity firm Blackstone has acquired a controlling stake in Jersey Mike's Subs, valuing the sandwich chain at approximately $8 billion. Founder and CEO Peter Cancro will retain a significant equity stake and continue to lead the company. This partnership aims to accelerate Jersey Mike's expansion
Business Insights
Macy's is revamping its shoe departments to enhance the shopping experience under the leadership of CEO Tony Spring. The retailer has reduced the number of displayed shoe styles by approximately 300, aiming to create a more organized and appealing environment. Display tables now feature about 15 pairs of
Automotive
Advance Auto Parts has announced plans to close over 700 locations as part of a strategic initiative to enhance sales performance and adapt to changing consumer habits. The closures will affect 523 corporate stores, 204 independent locations, and four distribution centers across the United States. This decision follows a comprehensive
Healthcare
Amazon has introduced a range of healthcare services under its One Medical and Amazon Pharmacy brands, specifically for Amazon Prime members. The new offerings include low-cost telehealth consultations, treatment plans, and fast, free medication delivery, focusing on common health and beauty needs. This expansion signals Amazon’s commitment to making
Business Insights
Amazon has launched "Amazon Haul," a new online storefront offering products priced at $20 or less, aiming to compete with low-cost retailers like Temu and Shein. Accessible via Amazon's mobile app and website, Haul features a variety of items, including fashion, home goods, lifestyle products, and
Business Insights
Seven & i Holdings, the Japanese conglomerate and owner of 7-Eleven, has received a non-binding management buyout (MBO) proposal valued at approximately ¥9 trillion ($58 billion) from Ito-Kogyo, a company linked to Vice President Junro Ito, a member of the founding family. This offer is under review by a special
Business Insights
Wendy's has announced plans to close approximately 140 of its restaurants in 2024 as part of a strategic move to streamline operations and improve overall profitability. This decision comes amid increasing competition in the fast-food industry and changing consumer preferences. The company aims to focus on its most
Supply Chain
Many companies grapple with the issue of excess stock, regardless of their industry. This surplus inventory problem extends beyond just tying up financial resources; it also inflates storage expenses and risks product obsolescence. Efficiently managing stock levels is thus crucial for trimming excess and streamlining business operations. This piece explores
![Cosmico - A Beginner's Guide to [Value-Based Pricing]](/content/images/size/w600/2024/02/beginner_guide_value_based_pricing_2024_cosmico_business_tech_insights.jpg)
Business
Value-based pricing is a strategy businesses use to price their products or services based on the perceived value to the customer, rather than the cost of production or the price of competitors. This approach requires a deep understanding of the customer's needs, preferences, and the value they attach
Business
When it comes to running a successful business, setting the right price is crucial. Pricing strategies influence not only how much profit a company can make but also its competitive position, customer perception, and overall business sustainability. We will discuss the top 3 pricing strategies designed to maximize profit: Cost-Plus
![Cosmico - What is [Gen AI] and the Future of Work?](/content/images/size/w600/2024/01/gen_ai_generation_ai_future_of_work_2024_cosmico_business_tech_insights.jpg)
Artificial Intelligence (AI)
Gen AI, or Generative Artificial Intelligence, is a term used to describe the growing population of artificially intelligent beings. These beings are not human, but rather digital entities that can perform a variety of tasks and functions. Gen AI is becoming increasingly prevalent in our society, and its impact on
Branding
Brand recognition is a crucial aspect of any successful business strategy. It goes beyond having a memorable logo or catchy slogan; it encapsulates the overall awareness and familiarity that consumers have with a brand. In a competitive market, establishing and maintaining strong brand recognition is paramount. This article delves into