A few months ago, I went into a popular tuxedo rental chain to rent a tux for a wedding. I told the clerk what I needed, and the initial jacket he brought out fit, but would not button. He then proceeded to tell me that the line I was looking at was not available in
“You don’t win friends with salad.” That’s a classic Homer Simpson line referring to his plan to host a barbecue where he cooks an entire pig, which horrifies his vegetarian daughter Lisa. In reality, however, there’s some truth to what Homer Simpson says. Restaurants based around salad, including Salad and Go, which closed all its
As a consumer, you may not know the connection, but PepsiCo, through its Frito-Lay brand, dominates the salty-snack market. That number was estimated at 62% of the total market, according to an SEC filing from Utz Brands, a rival salty-snacks brand. It’s a market that has been growing, PepsiCo CEO Ramon Laguarta shared during his
Becoming a global powerhouse is extremely difficult, and not many retailers manage to conquer such different markets around the world. Its success in one market doesn’t guarantee performance in another, as consumers behave differently. That’s why, oftentimes, brands make some changes when entering new countries, as they adapt to different economic and cultural environments.
If you’ve ever taken on a home renovation project, you probably know the feeling: You make a quick trip to Home Depot for one item, leave with a cart full of supplies, and realize you bought the wrong materials or didn’t buy enough, leading to a repeat trip. For new homeowners, the experience can be
Back in the late 70s and early 1980s, my small town had a mom-and-pop convenience store, Paul’s Market, as well as one location of a regional chain, Richdale’s. It later added a store from a larger chain, White Hen Pantry. 7-Eleven and other large chains existed, but local stores, even one-offs, were common. Now, just
An independent grocery chain is preparing to close its only location in one community after 17 years, leaving residents without a nearby full-service grocery store or pharmacy. The move comes as grocery retailers continue to face intense competition from large supermarket chains and discount retailers, putting pressure on smaller operators to maintain profitable store networks.
Costco uses a different rule book than other retailers. It doesn’t have to be the flashiest, look the fanciest, or sit on the cutting edge of technology. The warehouse club simply needs to keep its members happy. “Costco’s membership fees contributed some 72% to its operating income last year,” according to Retail Dive. It’s a
Not paying back a business loan kicks off a process that can end up with the company being forced to liquidate. “A business loan goes into default when you repeatedly violate the legal terms of your loan agreement. When you default on your loan, you’ve continuously missed payments — and have not reached a resolution
Target has been trying its hardest to bring more shoppers to its stores. The company is in the throes of a turnaround plan to offer customers a better selection of products, more organized stores, and a generally improved shopping experience. And in that regard, there’s perhaps no better category to focus on than beauty. The