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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February 23, 2019
February 23, 2019
βWayfair reports it spent $196 each on its 3.6 million new customers this year. Customer acquisition costs have an adverse effect on the company's bottom line.β ~ CNBC
I looked up the above information after reading in todayβs WSJ that Wayfair reported an increase in active users to 15 millionβbut itβs still spending amost $200 to acquire each new customer. Wayfair, which has negative cash flow (debt?) of $137m, appears to be open to exiting its predicament by selling itself to a larger retail ...
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October 1, 2017
October 1, 2017
Today's WSJ shares that Wal-mart and Jet.com are moving towards more private labels. They also share the Jet.com is reducing its discounting emphasis and adding new lines like bedding.
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January 5, 2017
January 5, 2017
Macy's is going to close stores in order to invest more online reports WSJ's front page. To all our Bridge customers: you made the right choice starting years ago to join and thereby invest in Bridge. In some ways, we're ahead of Macy's in the online battle--even with their million dollar web budget. Bridge has enabled 1000's of business to compete online and avoid Macy's roller coaster ride.
The article also reminds us that Wal-mart closed 100 stores last year and paid $3b for Jet.com.
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August 18, 2016
August 18, 2016
Online sales are increasing but profit on these orders is decreasing. One reason is the cost of shipping is going up and more retailers are offering free shipping. By having your registry customers pick items up at the store or offer registry credits, stores are able to avoid this foible.
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August 11, 2016
August 11, 2016
Curious how major online retailers go about charging sales tax--or not charging it? Jet.com is about to charge tax in more states due its being acquired by Wal-mart. For example, a Le Creuset oven will now require $32 more in tax on Jet.com.
Indy businesses: being small is a tax advantage online.
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July 20, 2015
July 20, 2015
Today's WSJ covers the upcoming new online retailer Jet.com. It's spending massively with just promises of future profits.