In a 2007 article in The New Yorker, Atul Gawande, a surgeon and an author, advocatedthat more hospitals use checklists. He cited many medical studies showing how checklists save lives (and money). Implementing one checklist, a hospital "…prevented forty-three infections and eight deaths, and saved two million dollars in costs." The startling part: the list was only five steps long! In other words, people don’t consistently follow...
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A special thank you to Jars for showcasing its new products last night at Eleven Madison Park. Jars, a French company founded in 1857, invited interior designers and hospitality leaders to experience its new lines. Eleven Madison Park, one of New York’s premier restaurants and led by Chef Daniel Humm, uses Jars.
Businesses like Walmart, Disney, and Discovery are bundling services and adding the “+” suffix to denote them (e.g. Disney+, Discovery+, W+, etc.). In a recent article in RetailDive, we learn that Walmart is giving its customers free, six-month trial Spotify accounts. I think W+ bundling services is smart. Last week, I compared running a gym to offering software. I spoke about bundling services with things that people like to increase their usage, such as work ...
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Peloton’s new CEO, Barry McCarthy, was recently interviewed in the New York Times (Read the article here: https://www.nytimes.com/2022/02/19/business/dealbook/barry-mccarthy-interview-peloton.html). The authors asked Mr. McCarthy if he thought that everyone who needs a workout bike already had one. They questioned where else a company making stationary exercise bikes can go (…an ironic question for a bike product that literally can’t move). The Times wanted to know what ...
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I was disappointed to learn that one of my favorite men's shops had been robbed not just once--but twice. Rothmans, a legendary store on 18th St. and Park Avenue in New York City, is a fun destination grab a t-shirt or a tuxedo. This shop's convivial spirit has been dashed by smash-and-grab robbers that use a flash mob approach. The issue of more crime affecting retail is not limited to men's shops. New sources reported today that even trains in Los Angeles rail yards are being ...
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Today’s Times shares that Amazon Prime members often spend twice as much compared to those that aren’t members. This led to me ponder: What if a first step to reducing Amazon’s monopolies is just canceling a $119/year ‘membership’? Prime may be Amazon’s strength—as well as its achilles. If we can find a way to undermine it, I believe one can save money and our communities.
Last February e-commerce company Shopify Inc. replaced the “Ottawa, Canada” dateline that began its press releases and earnings reports with a strange new one: “Internet, Everywhere.” The geographical shift came at the insistence of Shopify’s founder and chief executive officer, Tobi Lütke, who tends to view such matters through the prism of cold, hard logic. In May 2020, only a few months into the pandemic, he’d made the early, seemingly rash decision to...
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Beatriz Ball's Manhattan pieces feature gleaming geometric elements inspired by the New York skyline.
The SOHO Manhattan Ice Bucket with Gold Handles is an extravagant, luxurious and sophisticated take on the classic ice bucket. Ideal for chilling wine or serving ice for parties. Pairs perfectly with the brilliantly clear Venice All Purpose from the GLASS Collection.
Beatriz Ball’s intensely handmade products use eco-friendly and sustainable materials and are crafted by ...
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Did you know there is a connection between the NYC marathon and 41 Madison? 41 Madison, home of the New York Tabletop Show, is owned by the Rudin family, and the family helped start the NYC Marathon. The Times shared this history in an article recently. Excerpt:
"...In 1976 when George Spitz, a civil servant and runner, proposed a marathon through all five boroughs, the time seemed almost right — if daunting. “A race like that could cost $15,000,” Mr. Lebow ...
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We are extremely proud of the diverse community and heritage of brands here at 41 Madison and together with FlowerSchool New York we’ve created these tablescapes to celebrate these world-renowned names.
Join us at The New York Tabletop Show and let’s #TableTogether with the world 😉🍽🥂💐✨
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41 Madison Concierge is available for a personalized and seamless shopping experience during the Show (and every day!) ✨
Reach out through chat on 41Madison.com or email [email protected] for more information about showrooms, brands, products, price points, and more.
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I spotted this tequila advertisement today in New York City. The first thing that came to mind was not spring break, but rather a riff on the ad’s tagline. I thought, “ ‘Independent store’ does not mean selling alone.” Bridge helps more than 800 independent stores team up to share products and resources. We make running an online business easier. We give them a ‘shot’ at winning online. That’s something we can drink to.
MEMBERSHIP SURGES 50% IN E-COMMERCE COMMUNITY Online Shopping Boom Drives Retail Industry to Team Up On Bridge
NEW YORK, NY, July 30, 2021 – Bridge, an e-commerce community, reported a record increase in membership as the pandemic continued to rattle the retail landscape. In the last 12 months, 275 retail stores joined Bridge, bringing the total membership to more than 826 stores—a 50% increase. ...
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The Times ran a massive 8-page section of Wilkes-Barre, PA’s downtown. The insert, one continuous piece (4-full pages each side), showed a Main Street in flux. Even with rent averaging $9/square foot, many stores are teetering on survival.
The only entities that seem to be growing in the area are universities and government agencies.
Trivia: Planters Peanuts was started here and used to have its office on this strip.
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Good news for indie stores: Florida will require out-of-state sellers shipping to the state to charge tax. Taxes are a big deal in Florida: since Florida has no income tax, it has a notable state sales tax (6%, compared with New York’s 4%), with Florida municipalities adding up to another 1.5%. The incentive to buy online from out of state 'saved' the Florida buyer about 7.5%.
Now, this Florida law will level the playing field and remove the incentive to dodge taxes as everyone ...
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Today’s Times shares some of Amazon’s steps during the pandemic to grow its empire.
I used to tell retailers that they don’t know it, but they’re now in: the software business. I missed something in that statement. They are also now in the warehouse business. Websites and warehouses go hand in hand. They’re flip sides of the same coin.
As e-commerce grew, all the major retailers should have been growing their warehouse space. For example: if ...
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