How does a startup compete with a huge brand like Victoria’s Secret which by some accounts has nearly a 50 percent market share? By being different and utilizing technology and data.
Glen Fogle, CEO of Booking Holdings says that it is through acquisitions that the company was able to grow as big as it is with revenue now exceeding $12 billion per year.
Hopper, an AI-driven prediction travel app that competes with Priceline and Expedia, is somewhat under the radar but actually has been around for over 3 years and has over 30 million users.
The clothing as a service business model is not disruptive for clothing retailers says CaaStle founder and CEO Christine Hunsicker. “One of the big things about this technology is that it’s not disruptive.”
Foursquare CEO Jeff Glueck said in an interview that “Facebook and Google are not your friends, they’re unreliable partners and are after domination.” He added in a blog post, “That’s why we’re building a company that stands apart from Google and Facebook as the most trusted, independent platform for understanding location.”
Despite its importance, a lot of store owners don’t pay enough attention to their product page. Most are happy to just put up a photo and a brief description.
The European Union is on the prowl again in a likely attempt to win cash and concessions from an American business giant, Amazon.
Steve Stone, former CIO of L Brands and Lowes, recently discussed how retailers can use data to serve their customers better and become incredibly customer centric.
Amazon 4-Star is Amazon’s first retail store focused on selling all of Amazon’s products. It just opened in the Soho area of New York City and has made a big splash in the media.
Tim Westergren, Co-founder, and former Pandora CEO commented on CNBC’s Fortt Knox show: I think that Apple, Amazon, Google is going to rue the day they let Pandora get away from them.