Scott Galloway, author and business savant, recently wrote an ode to collaboration that I liked:
"Humans ... evolved hiding in the trees while stronger, faster, and more sharply clawed creatures roamed the savanna. So we developed a robust neurological system for identifying threats, gauging their severity, and responding quickly, often before we’re conscious of the threat level. But fight-or-flight wasn’t enough to shepherd us out of the forests. First we had to develop our ...
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How online trends in the used car market parallel those in the wedding registry market. Online gift giving predicted to increase at the expense of in-store giving by 40% by 2030.
How online trends in the used car market parallel those in the wedding registry market. Online gift giving predicted to increase at the expense of in-store giving by 40% by 2030.
May 7, 2024
Jinjoo Lee in The Wall St. Journal shares how the used car market has improved in the last 20 years because much of it is now conducted online. When car buyers use the web, they are more likely to save money (saving about 2%), and dealers can, in theory, make more with dynamic pricing (about 2%)—thereby giving each party a win. Unlike 20 years ago, when we didn't have smartphones, today 95% of used car purchases start online. While 31% of used car purchases were completely in-person,...
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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.
Jim Shreve made Baccarat hip. Now, he and his longtime partner, Mark Brashear, along with Sally Burnside, the former Baccarat sales V.P., intend to do the same for DeVine Corp., the 32-year-old distributor of elite European brands. You're invited to the opening!
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Congrats to you all. This is very exciting. Tim, we’ve known each other since before you started DeVine Corp., 32 years ago. You’ve been looking for the right opportunity to retire. TIM ...
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A McKinsey study found that the average life span of companies listed on the S&P 500 was 61 years in 1958; today, it’s less than 18 years. McKinsey believes that by 2027, 75% of S&P 500 companies will have disappeared. New businesses have an 81% chance of surviving their first year; in two years, a little less than 70% of businesses are still standing. Only 25% make it to 15 years or more. There’s a clear long-term trend of declining corporate longevity, with this figure ...
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We support the shop local ecosystem, and an ingredient in that is local jobs. Marc Levinson in The Wall St. Journal reviews two books that address made-in-the-U.S.A. ventures.
Spoiler alert: Doing the right thing often costs more. These all likely cost more: Shopping local, using local labor, and running local manufacturing. If you’re involved in one of these area, we hope you’ll appreciate those in the others. I’ve met local shop owners that outsource their ...
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How Shop Local's software quickly populated the online Store for a legendary New Orleans retailer
March 11, 2024
We are pleased to announce that Adler’s, a jewelry and gift store in New Orleans, Louisiana, has joined the Shop Local software platform to grow its online business. Adler’s saved $44,907 and 64 weeks in labor on website product maintenance through the Shop Local platform. They have chosen Shop Local to revamp the Gift Registry service they have maintained since their early days.
For over 100 years, Adler's has held its position as the leading jeweler in New Orleans and the Gulf ...
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How Shop Local’s software helps an Austin, Texas institution renew its Registry program and see immediate results.
March 1, 2024
We are pleased to announce that Breed & Co., a retail store in Austin, Texas, has joined the Shop Local software platform to grow its online business. Breed & Co. made the decision to switch from their previous registry provider and recreate their registry program using Shop Local. Since revamping their registry program 3 weeks ago, Breed & Co. has saved $37,435 and 53 weeks in labor on website product maintenance through the Shop Local platform.
How Amazon privatizes public spaces for its own profit
February 14, 2024
This is a daily sight on 8th St. in the East Village of New York City, a spot historically chockablock with indie, brick-and-mortar shops. This is an Amazon truck and freelancers who have taken over the street (it’s a no standing zone) and sidewalk as their own. This is one way Amazon sells things for less: it turns public streets and sidewalks into its “warehouses” and “stores.” Imagine you’re a local business with a roof and rent. You can’t compete ...
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How a local shop quickly opened an online store with a gift registry and saved 3 weeks and $1800+ in costs.
January 31, 2024
We are pleased to announce that Atkinson Floral has joined the Shop Local community of retailers. Atkinson Floral is a florist and gift shop in Atkinson, NE. The store owner, Curie Mincer, has owned and operated the business since 2016. Over the course of time, she has expanded the florist shop gift area and added a gourmet coffee shop. Her passion for her business and her community led her to expand her services to include a gift registry program, which is lacking in their small town. Curie&...
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It’s hard to believe that MEPRA’s sophisticated technicolor collection FANTASIA is celebrating its 35th anniversary this year because its incandescent chromatic complexion is as fresh today as its 1989 debut.
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The brilliantly-hued fantasia comes from the Italian silversmiths Mepra, post-war business founded in 1947 by the Prandelli family, four generations fashioning flatware in the industrial Lumezzane Valley, about 90 minutes east of Milan. ...
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The Atlantic shares how Chinese factories have found a new way around U.S. retailers and into our homes: Chinese apps. SHEIN and other Chinese apps are bypassing Amazon to be a new leader in Chinese goods. In addition to Amazon, Target, Walmart, and indie shops now have a new group of digital competitors embedded in customers’ pockets.
Except from The Atlantic article:
MATERIAL WORLD
IS THIS HOW AMAZON ENDS?
An open embrace of cheap foreign products has helped ...
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I recently saw a car with the license plate: WHYWRK. I had a sad feeling for the driver, who perhaps wasn’t as lucky as I to have the best job in the world – getting paid to shop for the most beautiful goods in the world – which I am now retiring from. After 40+ years as a buyer of tabletop and gifts in Buffalo, I have the opportunity to put the dishes away, polish the flatware, and store the stemware. As a small specialty store, we’ve been through our share of ups and ...
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It’s a 40th anniversary for the company founded by Colin Riggs (left) and Ned Voelker’s parents, Abigail and Ed Voelker. Over the last four decades, the entire family has created a curated collection of handmade tableware and giftware for the nation’s independent store retailers.
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Congratulations on a milestone 40th year in business. Are you surprised Abigails has endured? Ned Voelker: We are surprised. It’s a tribute to Ed and Abbie ...
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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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I see this situation all over the city. Amazon shipping companies are “warehousing” our public space. They put up cones and are permanently setup and conducting business. They use public space for private commercial use.
They’re like a pop-up store in a public parking spot. But unlike a physical store that is in a private building and pays commercial storefront taxes, these trucks don’t pay those retailer taxes. (Each year businesses in lower ...
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We are pleased to announce Porto Brasil Tableware's products are ready for Syncing.
Porto Brasil Tableware joins our network of 115+ premium brands that Sync products with 1,300+ fine indie stores.
Porto Brasil Tableware is a contemporary company passionate about design. Founded 20 years ago in Porto Ferreira, Brazil, Porto Brasil was the first company in the world to work with digital printing on stoneware. Their stoneware body is sustainable and is made from an ...
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Brands may consider using Shopify for their online operations. It’s important to note that brands can’t do many things with Shopify. A key Shopify problem for a brand is that the brand has to have separate “stores” for retail and wholesale customers. The reason is that Shopify doesn’t know what to charge the customer because it doesn’t know if it’s a general public shopper (that pays retail) or a retailer (that pays the wholesale price). &...
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What universal standards can teach us about simplicity regarding e-commerce platforms.
September 25, 2023
When Apple launched its new iPhones this month, one of its most noteworthy updates was replacing its Lightning charging cable with a USB-C. This was not a voluntary move or extension of Steve Jobs’s love of simplicity. Apple changed it because the European Union required them to, according to Ben Cohen in The Wall St. Journal. Now, just about every mobile phone in the world (forget just little ol’ Europe) will have one charging solution (USB-C).