Expensive materials, delicate craftsmanship, and an economic principle that turns the usual equation of supply and demand on its head. WSJ explains why some watchmakers can charge hundreds of thousands of dollars for a single timepiece. Illustration: Alex Kuzoian/WSJ
Clinical Reference Laboratory CEO Bob Thompson talks about Walgreens offering a Covid-19 at-home saliva test.
Bloomberg News Equity Markets Reporter Esha Dey discusses Tesla falling below its S&P 500 entry level and wiping out 2021 gains. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Chief Energy Correspondent Javier Blas walk through the story “Pennsylvania Teachers’ Pensions Helped Fund War Over Oil in Iraq.” Dartmouth Professor of Economics Danny Blanchflower provides a recap of Fed Chair Jerome Powell’s semi-annual monetary policy report to the Senate Banking Committee. And we Drive to the Close with Ryan Detrick, Senior Market Strategist at LPL Financial. Hosts: Carol Massar and Tim Stenovec. Producer: Doni Holloway.
7-Eleven, home of the 64-ounce Double Gulp and the Pina Colada Slurpee, has helped revolutionize the way we shop at convenience stores. In March 2019, the 90-year-old brand launched its first Evolution Store. Featuring fresh food options and specialty alcohol, the new store concept is aimed at a new generation of consumers. And with consumer behavior changing due to Covid-19, the convenience store industry could be on the verge of a profound change.
COVID-19 has dealt a harsh blow to countless retailers, many of which were already struggling. However, RH, formerly Restoration Hardware, is doing rather well. The company’s stock price had cratered in March 2020 and struggled in early April, as forced lockdowns endangered retail. But by December 2020, shares had rebounded and risen more than 110 percent since the beginning of the year. RH is now ambitiously trying to turn it into a global luxury brand providing an array of services.
In the midst of the pandemic, Williams-Sonoma has stood out as a company, its stock price reaching a new all-time high in January 2021, despite many businesses declining. Paired with its strength in e-commerce, the company’s ongoing success is due in large part to consumers staying at home more than ever before. Still, the company faces potential headwinds as the shift to online shopping impacts home furnishing sales and rivals like online furniture retailer Wayfair increase their market share. As a retailer known for its brick-and-mortar locations, can the brand keep up its success?
As CES goes online for the first time, we preview the most-anticipated products and trends (and what’s missing) at the world’s biggest tech show.
Small drones will be allowed to fly over people and at night in the United States, the Federal Aviation Administration (FAA), a significant step toward their use for widespread commercial deliveries.
Since the beginning of this century, Amazon has emerged as a pre-eminent giant of retail. How? by creating an expectation among consumers that next day, or even same day, delivery is not only possible but basically routine for a dizzying array of consumer products. Millions of Amazon Prime customers all over the world have now come to expect this astonishingly swift service on countless items as standard, and this has put great swathes of the traditional retail landscape in trouble. So today, we’re going to look at how Amazon delivers packages so fast. Let’s pick a typical Amazon product as an example. Say you need a bicycle pump. How will Amazon get that bike pump delivered to your door, the very next day? How Amazon Delivers Packages So FastSHOW LESS
B&H Photo Video (also known as B&H Photo and B&H and B&H Foto & Electronics Corporation) is an American photo and video equipment retailer founded in 1973, based in Manhattan, New York City. B&H conducts business through online e-commerce consumer sales, business to business sales, and its one retail location. Customers engage with B&H via its websites, retail store, phone sales and customer service, email, and chat channels.
B&H stands for Blimie & Herman, the founders of the store. B&H was named the leading online consumer electronics retailer by Consumers Reports for 2018. Newsweek named B&H as one of America’s Top Companies for Customer Service for 2019, with top position in the consumer electronics category based on over 130,000 customer evaluations. In 2018, Forbes named B&H as one of America’s Best Mid-Size Employers. Also in 2018, B&H’s consumer website was recognized as the Best for User Experience of any e-commerce company by the Baymard Institute.
It’s well over a decade since Amazon launched its Prime delivery service; in fact it was 2007 when the company first introduced us to unlimited next-day shipping on what was at the time almost a million products.
But in 13 years, we have seen little change. That is, until recently. Many areas now offer same-day delivery, but behind closed doors Amazon had been working on an ambitious plan to realise almost instant delivery. The goal? Just 30 minutes, from the click of the ‘order now’ button to the tangible products, in our hands.
Every delivery company can agree that the final mile or so of a product’s journey is the most expensive. As it leaves a shipping container, and steps away from the lorry’s vessel, it enters the smallest vehicle yet – vans, and sometimes cars. Rather than carrying millions of products, a driver can now only carry a few dozen. Employing thousands of drivers comes at incredible cost to shipping companies.