Furniture became a hot item in 2020, and resale platform AptDeco was ready for that demand. The company saw sales increase more than 300% last year, and is trying to ride that wave through this year. According to co-founder and CEO Reham Fagiri, who joined the Modern Retail Podcast, the company's emphasis is now on expansion.
Over the years, outdoor furniture brand Yardbird has outgrown its scrappy online marketplace roots. The company has its own website, as well as seven showrooms around the country in cities like Minneapolis, Denver and Washington DC. More are slated to open this year, and co-founder Jay Dillon told the Modern Retail Podcast that business has been consistently doubling year-over-year.
Health care apparel brand Figs, which recently went public, has an army of nurses and doctors online. These brand ambassadors have helped give the company a name -- as well as lowered its customer acquisition costs.
Brand and retail employees have mixed feelings about returning to the office full-time. In an April-May 2021 Glossy and Modern Retail survey of brand and retail employees, 28% said they've gone back to work full-time, and 32% said they'd be willing to go back to the office full-time in the next month.
A lot of changes have happened at Asheville, North Carolina-based East Fork Pottery over the last year. For one, its CMO and co-founder Connie Matisse became the brand's CEO earlier this year. What's more, the ceramics company grew during the pandemic -- and became profitable. "We are coming up on 11 months of consistent profitability, which is huge for us," Matisse said on this week's episode of the Modern Retail Podcast.
It's not easy launching a new brand -- and even harder doing it during a pandemic. But that's what United Sodas of America did. The startup soda company hit U.S. shelves in 2020 and has been growing ever since. Co-founder and CEO Marisa Zupan joined the Modern Retail Podcast and talked about the past year's trials and tribulations.
Many fashion retailers see resale as a way to grow business, diversify income streams and capitalize on their existing inventory. But despite consumer appetite for used clothing, even established resale platforms haven’t yet figured out the profitability puzzle.
It's been a crazy year for brands in the CPG space. That's what Debbie Wei Mullin, founder and CEO of Copper Cow Coffee, said on this week's episode of the Modern Retail Podcast. The home-brewed Vietnamese coffee company has been around since 2017 and has been growing over the years. But the pandemic changed some strategies, as well as many of its revenue channels.
Visual search is witnessing a resurgence in interest that retailers may find difficult to ignore. On the one hand, social media and web giants are pushing visual search to the forefront of their platforms. Meanwhile, many retailers are opting to incorporate the feature directly into their existing apps, either individually or with the help of specialist tech startups.
As cities open back up, out of home is coming back into play -- but a new strategy is emerging. For one, subways still aren't the holy grail they once were. Instead, brands are increasingly turning to digital signage -- as well as outdoor spaces where people feel more comfortable.
Grocers like Walmart and Kroger saw explosive growth in 2020. Now, in an attempt to both keep growth apace and figure out more profitable revenue streams, they're looking into ghost kitchens.
Tehmina Haider is the head of Harry's Lab, which both builds new CPG brands as well as invests in and acquires existing ones. Haider described the operation as being a "diversification engine." She joined the Modern Retail Podcast and explained how she's built out the program over the last three years.
After the successful IPOs of Beyond Meat and Oatly, plant-based behemoth Impossible Foods is reportedly preparing to enter the public market -- and Asia is key to its success. “The bigger a footprint Impossible has in the Asian market, the bigger their expected long-term value is going to be,” said one investor.
Tourist destinations like the Maldives and Seychelles are promoting remote-working, featuring ocean views, discounts, strong WiFi and personal assistants to help with work admin.
Wellness brand Asutra has had a wild few years. CEO Stephanie Morimoto bought the company in 2018. It sold most of its products on Amazon, and she believed should could help transform it into a DTC wellness player. Part of that has been about rebranding the company as "active self-care," as she described it on the Modern Retail Podcast.
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