Forbes, August 6, 2014
The U.S. online retail sales are up 15% since last year, and are expected to hit $370B by the end of 2017. Technological advancements and changes in consumer behavior have created an unprecedented opportunity for new e-commerce companies. This is especially true with digitally savvy millennials, who will make up the majority of online consumers in the coming years.
Read more here.
Forbes, December 19, 2012
CEOs must deal with many complicated issues, such as creating a standout product, finding customers, getting money from investors and recruiting top-notch talent.
So how can startup CEOs deal with the inevitable challenges? To see, here’s some helpful advice:
Damon Schecher, CEO of Shipwire
“During tough times, I remind myself that my board and the public want me to succeed, but they also want me to be authentic about the problems and the path forward. They prefer brief phone updates. They prefer being engaged as thought partners. And in return, over the years they’ve given me surprising leeway and loyalty.”
Read the full article here.
Forbes, November 21, 2012
It’s tough enough for small businesses to compete with big box retailers’ deep discounts and extensive product offerings. But now that Thanksgiving Day is no longer off limits at major players such as Target and Sears, Main Street retailers may be wondering if its time to close up shop for good.
Thanks to Shift Your Shopping and a number of other national and local initiatives aimed at raising consumer awareness to shop at independent retailers, those surveyed by national nonprofit Institute for Local Self-Reliance (ILSR) outperformed the industry, reporting an average increase in holiday sales of 6.7% in 2011. Overall holiday retail sales rose 4.1% in 2011, according to the National Retail Federation.
Beyond raising awareness, there are other ways independent retailers can boost their bottom line during the holiday selling season.
Diversify sales channels
“Create and update your portfolio of e-commerce channels so that your products reach the broadest audience possible. If you’re selling through your own online store, consider adding social selling on Facebook, or flash sales to your channels,” suggests Nate Gilmore, vice president of Shipwire Order Fulfillment.
Read the full article here.
European financial markets were up and down yesterday following the news of Greek elections. But for one luxury stock Moët Hennessy Louis Vuitton (LVMH), it was just another day of trading.
LVMH, the world’s largest luxury conglomerate that counts more than 60 brands and over 3,000 stores worldwide as part of its posh portfolio, quietly stayed the course as all eyes swung from Greece’s new ruling party to the potential collapse of Spain’s banking system. LVMH stock closed at €118.35, up .08 percent from the previous day.