Tag Archives: Retail

Top Topics Monday: Covid-19 Accelerates Cashless Society Push (Podcast)

Axios TodayThe coronavirus pandemic has accelerated our cashless society and deepened the divide between those who depend on it and those who now live mostly without it.

Guests: Axios’ Jennifer Kingson, Mike Allen and Kendall Baker.

Alcoholic Beverages: “The Explosion Of Craft Beers”

Domestic sales of craft beers have grown to more than $27 billion annually, representing about a quarter of the American beer market. “Sunday Morning” producer Sara Kugel talked with Marcus Doucet, who opened Manchester, N.H.’s Backyard Brewery, one of more than 7,000 craft breweries in the U.S.

Technology: “Amazon Empire” (Frontline Video)

An inside look at how Amazon CEO Jeff Bezos built one of the largest and most influential economic forces in the world — and the cost of Amazon’s convenience.

Jeff Bezos is not only the richest man in the world, he has built a business that is without precedent in the history of American capitalism. His power to shape everything from the future of work to the future of commerce to the future of technology is unrivaled. As politicians and regulators around the world start to consider the global impact of Amazon — and how to rein in Bezos’ power — FRONTLINE investigates how he executed a plan to build one of the most influential economic and cultural forces in the world.

Podcast Interview: Founders Of “Vollebak” Outdoor Menswear On The Future Of Clothing

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Technology Review: AI Camera & Sensor Systems At CES 2020 (WSJ Video)

Two new smart systems use cameras, artificial intelligence and an assortment of sensors to keep watch over you—Patscan looks for threats in public spaces, while Eyeris monitors the driver and passengers in a car. WSJ’s Katherine Bindley visits CES to explores their advantages, as well as their privacy costs.

Self-Checkout Tech: “Trigo Vision” Uses 3-D Imaging + AI For “Scan-And-Go” Shopping (Video)

Trigo’s network of ceiling-mounted cameras sees what no other system can see. We create a 3D image of the shop-floor environment, and map the movement of every object as consumers shop.

Trigo Vision Technology Computer Vision + AI Retail Store

Our proprietary algorithms and neural networks enable a frictionless shopping experience, where consumers can enter the store, pick and leave.

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Fastest-Growing Chains: “BurgerIM” Restaurants Offer 11 Protein Options

From a Restaurant Business online article (December 2019):

BurgerIM LogoWith 11 protein options for its burgers (including salmon, lamb, falafel and dry-aged beef), two patty sizes and a host of toppings, Burgerim—which increased its unit count by nearly 250% in 2018 to become the country’s fastest-growing emerging chain—is upping the complexity of the traditional burger concept. 

BurgerIM Facebook page photo

BurgerIM website

The quick-service chain, which has now nearly 200 units (up from 80 in 2018) and another 350 in the “active conception” pipeline, is focusing on training and systems to ensure all those burger variations get executed properly, says Collette Kakuk, Burgerim’s VP of marketing.

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Shopping: Largest Online Secondhand Clothing Retailer “Thredup” Wins “Disruptor Of The Year”

From a RetailDive.com online article:

Retail Dive Awards 2019ThredUp, which sells brands ranging from American Eagle Outfitters to Burberry, may prove to be a beneficial partner to many retailers. A separate report from Accenture Strategy and Fashion For Good found that recommerce operating margin for the luxury, premium and mid-market sectors was 39%, 28% and 22%, respectively.

https://www.thredup.com/

This year could be considered the year the circular economy really took hold, particularly the resale space, and a major force leading the charge was e-commerce ThredUP logoplatform ThredUp.

Resale grew 21 times faster than the apparel market over the past three years, by ThredUp’s own measures. The resale platform also projects the market to grow from $24 billion to $51 billion by 2023.

To read more: https://www.retaildive.com/news/disruptor-thredup-dive-awards/566185/