Walmart’s Game of Strategic Survival

On the surface, it may not make sense why Walmart acquired Bonobos for $310M USD last week. They both seem to be businesses that are on completely different sides of the retail spectrum. However, strategically it makes sense - Walmart is diversifying and expanding its digital portfolio, which is in line with its overall strategy. It is playing the long game of retail survival. In addition, by acquiring Bonobos it captures a younger, urban millennial consumer. This complements the other business within the jet.com stable.

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Topics: amazon, walmart, retail stores, bonobos

Best Buy Pushes the Envelope Further with Try-Before-You-Buy

We’ve written about the tremendous success of Best Buy before, but really, the company’s ability to prosper in an otherwise down retail economy is nothing less than remarkable.

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Topics: amazon, best buy, ship-from-store, retail stores

Stores and E-commerce - the Conjoined Twins of Retail

Here’s something interesting:

According to data collected by SimilarWeb, when a retailer closes a brick-and-mortar location, its e-commerce site is adversely affected. Sears, Macy’s, and Payless—all companies that have made headlines for shuttering multiple storefronts in the past year—all saw noticeable declines in web traffic in recent months. Macy’s traffic dipped 11%. 

Payless.com saw an increased bounce rate, while consumers were viewing the same number of pages per visit. 

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Topics: retail stores, ecommerce, consumer habits

Coach is Shrinking to Grow

Every day now, there seems to be news of some long-revered retailers’ protracted decline. And yes, we get it—those type of headlines drive more eyeballs. 

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Topics: retail stores, coach, accessories

Apple Embraces the Store of the Future

If you’re a regular reader of the Celect blog, you know we’ve championed the idea of retailer’s embracing a “store of future” concept for some time now. In just the past few months, we’ve covered Staples’ attempt to reinvent itself as a shared working space for Millennials, Adidas’ effort  to increase foot traffic by way of 3D printing sweaters, and lululemon’s foray into community building.  And while we don’t want to harp on the subject (you get it, stores of the future are, well, the future), news out of Cupertino can’t go unmentioned.

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Topics: in-store assortment, concept stores, retail stores

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