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.
Tag Archives: Business
Business Profiles: ‘Ben & Jerry’s Ice Cream’ Co-Founder Jerry Greenfield
Ben & Jerry’s co-founder Jerry Greenfield helped grow a tiny neighborhood ice cream shop into a global megabrand, diving head-first into many controversial issues along the way.
Ben & Jerry’s Homemade Holdings Inc, trading and commonly known as Ben & Jerry’s, is a Vermont company that manufactures ice cream, frozen yogurt, and sorbet. It was founded in 1978 in Burlington, Vermont, and sold in 2000 to British conglomerate Unilever.
Inside Views: ‘The Money Behind Professional Poker Players’ (Video)
Poker is a game of extreme variance. Professional poker players can go stretches without winning or placing at a level that earns any cash. The wins, however, can make up for the droughts with players earning thousands to millions of dollars depending on the game or tournament entered. Considering poker is an inconsistent sport, players look to offset the risk involved. This is done through staking, where an “investor” will pay a player’s way through tournaments for a piece of the action.
Analysis: Can ‘Restoration Hardware – RH’ Become A Global Luxury Brand?
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.
Business Analysis: ‘Work From Home’ & The Rise Of Williams Sonoma (Video)
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?
Analysis: The Rise & Fall Of E-Cigarette Maker ‘Juul’
In 2017, Juul catapulted to the top of the e-cigarette market. But the company’s valuation has fallen just as quickly, as a series of crises have led to hundreds of lawsuits alleging that the company marketed its products to teens. Photo Illustration: Jacob Reynolds/WSJ
Analysis: China’s Aircraft Manufacturer ‘Comac’ Tests New Passenger Jet
As the pandemic continues to weigh on the aviation industry, Chinese aircraft manufacturer Comac has been pushing ahead with testing a new passenger jet. If successful, the C919 could rival Boeing and Airbus in the largest aviation market in the world. Photo illustration: Sharon Shi
Analysis: The Size And Scope Of ‘Google’ (video)
No other tech firm in history has managed to infiltrate and influence daily life to the same insane extent as search giant Google. The Californian company’s impact on how we work, play, and settle drunken arguments is so well documented it more or less goes without saying. What’s perhaps less well understood is just how vast the company has grown, since deciding it wasn’t satisfied simply being everybody’s omniscient online know-it-all. So today we’re on the search for just what this modern-day behemoth actually does and asking the question – how big is Google?
Europe: ‘An Economic History Of Spain’ (Video)
The Spanish economy is one of extremes. At one point a focus of the eurozone crisis, at another the largest contributor of growth, and more recently, suffering the greatest economic hit of any Advanced Economy in 2020. Spain’s economic problems are often confused. In the years leading up to the Great Recession it posted consistent budget surpluses. However, a huge real estate bubble was lying in wait. The question… is why? Why did Spain go from a seemingly safe level of debt to one larger than it’s economy? How was the housing bubble encouraged? And since then, has Spain’s economy ever truly recovered? Or in what ways?
Analysis: Can Cheesecake Factory Recover From Covid? (CNBC Video)
Americans love The Cheesecake Factory. The restaurant known for its massive 21-page menu, dozens of dessert options and ancient Egypt-inspired decor was ranked as one of the top casual dining restaurants in the U.S. in 2019. But the eatery popular with everyone from NBA stars to cheesecake aficionados has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In October, The Cheesecake Factory reported third-quarter sales fell by 12% and same-stores sales were down 23% from a year earlier. So after 40 years in business will The Cheesecake Factory be able to regain its momentum and will the chain’s takeout and delivery service be enough to offset the decline of the dine-in restaurant experience?
