What your business can learn from the celebrated economist Daniel Kahneman
April 3, 2024
Daniel Kahneman, the celebrated economist, passed away last month. The Nobel Prize and Presidential Medal of Freedom winner gave us insights into the economics of the mind, such as people fearing loss more than gain, making short sighted decisions, and overly relying on feelings.
We can often use Mr. Kahneman's insights in our business's daily operations.
AMAZΕNIA by Casa Alegre was developed in partnership with Ecoarts AmazΕnia. Stoneware made in Portugal that is dishwasher and microwave safe reflecting the colors and textures of the rainforest floor. Part of the revenue from the collection will be channeled back into the reforestation of the Amazon's Mato Grosso area through the planting of native fruit trees, which will help preserve an environmental, cultural, social and scientific heritage that is crucial to the future of humankind.
According to a recent RetailDive report, online and mobile purchases for Black Friday sales were the strongest, with smartphone sales leading at 54% of online sales. The article states consumers spent a record $9.8 billion online on Black Friday, according to data from Adobe Analytics. That’s up 7.5% from last year.
Industry experts forecast that consumer spending will be up 2-3% year over year. The National Retail Federation projects 3-4% year over year. Consumers are cautious about ...
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Amazon and third-party delivery services have setup a “warehouse” outside the Astor Place USPS office. This is not a truck parking for five minutes. This a day-long, everyday occurrence. I’ve seen this same scene on a daily basis all around the city for the last three years.
This hurts local retailers. While the local businesses pay extra taxes to operate a store in southern Manhattan, it costs Amazon much less to park a delivery truck (permanently?), put ...
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The VIDA Acrylic Ice Bucket is a clear winner for summer entertaining! Rendered in crystal clear acrylic, it is a stunning addition on a bar cart, and adds a striking, modern dimension to your home. The generous ice bucket is great for chilling wine out on the back patio and ideally suited for indoor and outdoor entertainment!
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How a company's sales and growth can be affected by the message it conveys to customers.
July 18, 2023
Allbirds stock is down 95% since its November 2021 initial public offering. People may say the company launched the wrong products (did you buy one of their puffer jackets?) or tried to grow too quickly. I believe there is a larger reason: you can’t scale a company by leading with an environmental message—which is Allbirds’s pitch. Consumers rank saving the planet as one of their least pressing concerns when making a purchase. The leading factors consumers look for when ...
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Owning a business is no small feat, but in recent years, women have taken on starting their own businesses, leaving the nine-to-five to become entrepreneurs. In 2022, they were more likely to start a business than men. Last year, women-owned businesses had higher earnings growth (27% increase) than male-owned firms (22%). Still, male-owned businesses received $93,000 in funding, while women-owned businesses received $56,000. There are nearly 13 million women-owned businesses in the U.S., and the...
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THIN AND SIMPLE says it all, a perfect moniker for Pampa Bay’s latest juggernaut, a throwback to the shapes and looks the company achieved in stainless steel, its one-time material of choice, a decade ago. Then, in 2016, Carlos Barbagallo, president and owner, decided to segue into the dishwasher-safe, tarnish-free porcelain that looks like metal, using a proprietary, state-of-the-art technology that’s neither painted nor glazed. “Thin and Simple is our homage to the looks we ...
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Cucina Fresca became one of VIETRI's most beloved dinnerware collections. An American Design Award winner, this collection is fresh, warm, and irresistibly Italian, and we are thrilled to bring it out of retirement in honor of VIETRI's 40th anniversary.
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There are many ways to enjoy wine. Tasting it may be your first thought, of course, but what about learning things about wine and all your favorite varieties? If you enjoy a good game night, consider trying some of these fun wine games as part of your next one and test your knowledge or just have some fun!
Test your wine knowledge with a wine tasting game. Learn to identify wine in terms of region, vintage, and more based on taste and smell, only. You get to improve your wine knowledge while ...
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Noma, the world-famous Copenhagen restaurant, is closing to concentrate on e-commerce. Excerpt from the Times:
“Noma will become a full-time food laboratory, developing new dishes and products for its e-commerce operation, Noma Projects, and the dining rooms will be open only for periodic pop-ups.”
This change supports the breath and power of e-commerce, and portends coming changes for our retail industry. It’s not that one can’t eke out a ...
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The ARTS award ceremony last night had four finalists for best Tabletop brand: Beatriz Ball, Casafina, Caskata, and LSA. I was pleased that three of the nominated brands use Bridge’s Product Syncing service (Beatriz Ball, Casafina, and LSA).
Congrats to the winner Beatriz Ball π₯³
I’m also pleased to share that our client Barbara Stewart Interiors in Bowling Green Kentucky was nominated for best Design Studio. Congrats to the owner Susan Hoechner.
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In her new book ‘Quit,' Annie Duke shares that the best poker players only play 25% of the hands they are dealt, whereas others play 50%. Ms. Duke talks with Stewart Butterfield, the founder of a few startups, most recently Slack (which is an acronym, which I didn’t know). Slack wouldn’t have been born if Mr. Butterfield didn’t drop a video game company to start Slack. Likewise for Twitter which was born out of the failed blogging company Odeo. Ms. Duke's lesson: winners ...
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In the movie Good Will Hunting, Matt Damon, who plays a handsome MIT janitor moonlighting as a math savant (can one say, “Hollywood career vehicle”?), woos a young lady (played by the actress Minnie Driver) by outmaneuvering a few competing, obnoxious cads. When Damon’s character gets the girl's telephone number, he proudly shows it to the other guys and boasts, with his South Boston access, “How 'bout ‘dem apples?” I imagine Tim Cook imitating this...
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The VIDA Acrylic Ice Bucket is a clear winner for summer entertaining! Rendered in crystal clear acrylic, it is a stunning addition on a bar cart, and adds a striking, modern dimension to your home. This generous ice bucket is great for chilling wine out on the back patio and ideally suited for indoor and outdoor entertainment!
View Post
About two weeks ago in Charleston, SC, in spin class where I sounded like I was getting a hair transplant, I enjoyed being at once together with my friends in the class and yet competing with them. When they peddled harder and stood up, I wanted to also. Our competing didn't mean that there was one winner and everyone else lost. It wasn’t a zero-sum game. In that spin class, we all won. After that class, we all felt great. Competition is an ...
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It’s that time of year when we gather for Fall Entertaining. We would love your Customers incredible photos and videos celebrating the season by showing off your friends and family getting together to share appetizers, gathering for drinks or a meal, or your own get-together idea—showing camaraderie, congeniality, and what a treat it is to be together, for a chance win! *Retailers & their families are not eligible.
$100 each will be donated to Feeding America on behalf of 6 ...
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I’m seeing a disturbing trend online. Stores are not sharing news and events on their websites. Instead, they are relying on Facebook (and Instagram, which it also owns) to perform this task. That’s like a customer coming into the physical store and the store manager saying: "Want our news and events? We don’t have it here. Go to the coffee shop next door—which will be filled with our competitors pitching to you."