Groupon used to be the darling of online retail. Now it's struggling to survive. What went wrong? It was a series of failed pivots, along with the fact that its core offering is no longer in demand. The question remains whether or not it can resurrect business.
People are stuck at home, making it harder for them to try on clothes. Some services work with retailers to let customers try to visualize what the products would look like on them. But they're imperfect, at best. All the same, smaller companies already on the market are seeing jumps in merchant interest, while bigger players such as Adobe have begun investing resources into developing their own high-tech solutions.
To help restaurants get back on their feet, a host of US states have permitted restricted reopening, making use of outdoor space. While it may be easy for some, it's impossible for others. And while such limited reopenings are a good start, they won’t suffice to keep many eateries afloat. The big problem boils down to the economics; if restaurants can only serve a small percentage of their customers, they quite simply won't be able to make ends meet.
While big players like Grubhub and Doordash try to get every restaurant in the United States on their platform, smaller companies like Chowbus are doing things a little differently. Instead, they go narrow and deep; Chowbus only features Chinese restaurants, building a more loyal user base. It may present a new blueprint for food delivery apps.
Restaurants may be slowly reopening, but vending machines are in the midst of a renaissance. Before, automat-style choices were futuristic oddities. Now, a number of companies are pitting their growth on building machines that can serve food. Social distancing is still in full effect, so perhaps these machines will be the future of food service.
Before the pandemic, the used car sales app Carvana targeted a generation of socially awkward app-users, many of whom were finally aging into buying their first car. Enter coronavirus, and a social distancing-ready purchasing system suddenly made sense for every generation of Americans -- including those well acquainted with the patter of a used car salesman. The question remains whether or not this car buying model will last.
With restaurants closed, high-end establishments are offering what could be considered the antidote to Blue Apron. These meal kits aim to offer finer dining options with a possibly more sustainable business model than other meal kit predecessors. Whether or not these restaurants keep offering them once establishments reopen remains to be seen.
At the Modern Retail Virtual Forum, we’ll bring together senior retail marketers online to discuss the challenges they’re facing and the solutions they’re seeking in the era of smarter retail.Buy Passes