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.
Juneteenth is here. And for the very first time in most cases, companies of all types are recognizing this day with a paid holiday for employees. For many, it’s one small step towards allyship and support for racial justice and solidarity with the Black community. And for leaders, bringing this into the office and into their (virtual) workplaces is one big way to mark this.
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.
Startups catering to office-based employers are rethinking their services to fit the new workplace. Solutions for socially distant workplace designs is proving to be a major opportunity for some businesses. From health workstation partitions to individually packaged kitchen staples, here are some of the ways companies have changed their services to offer social distancing service.
Starbucks' new store strategy aggressively favors digital orders and pickup, building on its experimental format from recent years. The post-pandemic look of its shops in the next 18 months will favor to-go over customers using its seating area for socializing.
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.
Retailers are now being called upon to better diversify the products they carry on their shelves. At the end of May, Aurora James, founder of Brooklyn accessory brand Brother Vellies, launched the 15% Pledge, calling on retailers to up the amount of shelf space dedicated to products from Black-owned businesses to 15%. Last week, the movement scored its most significant win to-date, when Sephora announced that it would sign the pledge.
Same-day delivery continues to see interest beyond food and alcohol, as services like Postmates and Ohi continue to see increased demand. “We’ll continue to offer Postmates going forward,” said Neighborhood Goods CEO Matt Alexander, including at the New York Chelsea Market location when it reopens.
Despite social distance restrictions being loosened in California, the timeline for Grove's San Francisco office return won’t be until “sometime after Labor Day," said CEO Stuart Landesburg. With pre-planned product launches being pushed back, the strategy to resume facility operations has proven tricky. While some members of the team are able to work remotely, others who need to test and devise new products are having difficulty doing their jobs. It's a problem felt by many brands.
As apparel retailers are set to re-open their stores, another question they've been grappling with over the past couple of months is exactly what new product or brand launches to move forward with. The way that retailers typically draw customers into store is with new product. But many retailers are hesitant to increase their inventory levels when they have apparel that have been sitting in their stores that they need to clear.
Most American shoppers are still “fearful to shop at a grocery store." The lack of delivery slots combined with a rising unemployment rate and shopping-related health risks, is resulting in a decline in cross-shopping. Grocery stores, as a result, are trying to focus more on marketing as one-stop shops. And they're seeing results too: average basket sizes have dramatically increased.
Foot Locker has long been a staple of the mall, with an estimated 80% of its stores being located in malls as of 2018. Now, the coronavirus is accelerating those plans, CEO Dick Johnson said during the company's first quarter earnings call. The sneaker retailer has had to rethink its physical retail strategy over the past couple of years, not only to lessen its reliance on malls, but also to give its customers new reasons to visit the store.
As stores re-open, the shoppers who are coming back are more likely to be on a mission. Many of the shoppers who are venturing out to the store are ones who are going to the store because they know what products they want to buy, but can't find it online. In order to cater to these shoppers, more retailers are rolling out tools to help them get in and out as quickly as possible.
From fitness and wellness, to snacks and lunches, employers are coming to terms with transitioning on-premise benefits to their teams virtually. To offset potential churn -- and even potentially add new clients -- some B-to-B players in charge of stocking startups’ kitchens and providing corporate gym memberships, are expanding what they offer to meet clients where they are. Here are some of the business changes brands have recently made.
The mass adoption of contactless POS technology could finally take over. A growing fear of the virus spreading with credit cards and cash handling has pushed more merchants to implement touchless payment options.
Advertisers, from DTCs scrapping for share in a crackling at-home beauty market to seasoned retailers leaning into the quarantined consumer’s e-commerce surge, what’s changing about your campaign KPIs? How are you using data to make choices and effectively budget across channels? What’s working, what’s broken and how will you fix it? Take this survey and get the full results plus a $5 Starbucks gift card.
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