When I flew home yesterday from Charleston, while most people were seeking relief from their sunburns and reminiscing about their vacations, I was delving into The Wall St. Journal’s profile on Tracy Britt Cool, an ex- Berkshire Hathaway star. Mrs. Cool’s new company Kanbrick invests in businesses with $10m - $50m in revenue. What does Mrs. Cool look for when investing in a company? People and moats.
At Bridge, we’re reading Jim Collins’ Beyond ...
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In the movie 'We’re the Millers,' a character played by Jason Sudeikis interviews a teen boy wooing Sudeikis’ teenage daughter. Sudeikis interviews the boy about his interests and compatibility with his daughter. (Watch the scene here: https://www.youtube.com/watch?v=rjkLKKgOMRY .) The boy’s neck tattoo reads “No Ragrets.” When Sudeikis inquires about this tattoo, the boy confidently claims that he has no regrets, to which Sudeikis asks, "Not even&...
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I recently bought a pair of jeans from the bike-lifestyle company Rapha. I find Rapha's stores, emails, and mission to be inspiring to Bridge, and I'll explain why.
First, you may ask, "What is Rapha?" Rapha is a product company that sells goods for biking, including shirts, shorts, helmets, and accessories. What is unique is the lengths it goes to foster a community (and sales!) by having a coffee shop in it, organizing riding events, offering members-only clothing...
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Upgrade your Home Bar with Top-Shelf Serveware from Beatriz Ball!
With retail sales of alcohol for home consumption skyrocketing, and severe restrictions for pubs and restaurants due to the pandemic, many of us are enjoying upgrading our home bars.
Beatriz Ball’s selection of PEARL David trays are indispensable serving pieces with infinite possibilities for dramatic presentations. Great on the bar to hold bottles, glasses and garnishes.
Scott Galloway, a business leader and NYU professor, shares that we're now spending over 4 hours a day on our mobile phones--up from just 20 minutes in 2010. (…I wrote part of this post on my iPhone.) What does this mean? Lots of opportunities for Amazon--as well as Facebook, Instagram, and other tech titans--to sell to us. Our cell phones are, in essence, 1,000 'buy buttons' in our pockets (or on our nightstands) that encourage us to buy stuff online, any time of the day.
Jim Collins, in his book BE 2.0, explains how purpose and mission are important to companies. To help explain this, he uses the metaphor of crossing a mountain range and seeing a star on the horizon. Your purpose is to reach the spot on the horizon below the star. The current mission is climbing up the mountain you’re on. The next mission is climbing up the next mountain and so forth in order to get closer to the spot on the horizon. You will have many missions, and may never ...
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The Knot released its 2021 trends report and stores may be happy to hear that high-end merchandise is trending.
The report shares:
"...there's a newfound focus on elevated homeware items. As one of the resounding wedding registry trends to come from the pandemic, this one is here to stay. ...Couples that do want to register for traditional items like decor, cooking appliances or serveware will opt for high-end, elevated pieces that will stand the test of time—and spark a ...
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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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The WSJ shares that Fiesta tableware has seen overwhelming demand during the pandemic. Growth is fueled by its U.S.-based production and families’ return to at-home dining.
I've watched brands use social media to do an end-run around retailers. A recent article from RetailDive substantiates this. Excerpt:
"75% of social media users said they increased their purchases from brands they follow... A 2021 study from NPD found that 51% of survey respondents said they bought items thanks to content in their Facebook and Instagram feeds."
Translation: 75% of shoppers bought more from brands directly--which is bad for retailers. The article ...
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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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Hurray for Grandma’s China! They are hot and selling briskly once again.
“There was a long time when no one wanted to inherit Grandma’s prized wedding china, so valued she only busted them out for special occasions. Potential heirs dreaded the bequest thinking them fussy.” said Rebecca Malinsky of the Wall Street Journal. We agree with her.
But some new thinking has arrived recently, as people, especially young ones, are taking another look.
And they are thinking ...
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"Nearly 200 department stores have shuttered in the past year, and another 800 — roughly half the country’s remaining mall-based locations — are expected to fold within five years."
Wouldn't you agree that people around the world are cleaner as they undertake to get beyond the global pandemic of Corona virus. It seems that it is time to stop advising people to do what we all have memorized about washing hands, social distancing and wearing masks. “Following simple handwashing practices is one of the most effective ways to prevent the spread of many types of infection and illness." Dr.Michele, MD, of the FDA says. “We can’t advise this ...
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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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Arnold Schwarzenegger, Future Bridge Spokesperson?
Today's Wall St. Journal shares that Target stores saw a 20% increase in revenue--more than the chain had seen in the last 11 years combined. How did it do it? Target converted many of its physical stores into 'mini-warehouses,' where they can ship goods or have customers do curbside pick up.
What does this mean for indie stores? Stores will have to become more efficient in receiving online orders, which make up 40% of retail these ...
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