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From the Cloud To the Curb: Part III
So we've discussed the “revival” of the physical retail store and why online first, online only (well at least at first online only) companies are expanding from the cloud to the curb. Furthermore, we've highlighted some of the key differences that separate these modern physical stores from the traditional ones, ones that have put many large retailers in precarious positions. Among those differences: 1) shared, centralized inventory which leads to leanly stocked stores that function more like dressing rooms and brand introduction centers 2) features including layout/design, inventory management, and staffing needs reflect the high degree of analysis performed by...
From the Cloud To the Curb: Part II
Just last week, we discussed the seemingly, at least upon first glance, return of the physical retail store, as evidenced by the physical store expansion efforts of online first, formerly online only, retailers like Bonobos, Warby Parker, and Birchbox. And though the economics of physical stores are less attractive than those of online stores, a point that these companies have publicly admitted, they are also necessary for these companies to grow. Furthermore, these companies' physical retail stores are quite different than traditional big box retail stores, or even than many boutiques out there today. And these differences help make the...
From the Cloud To the Curb
As we wrote earlier, there is vigorous debate about the long term prospects of physical retail establishments. Will they be around in 10 years or won't they? As we said before, we think so. In fact, though online retail sales have experienced tremendous growth in recent years, and will continue to for years to come, even the rosiest of predictions call for only 11% of all retail sales to be attributable to the web. And as for today? Well today, though 40% of retail sales are influenced by online browsing, 75% of these same sales occur in store, within 15...
Not So Drab
The olive chino pant is ubiquitous these days. But that wasn't always the case and the story of the evolution of the color olive proves much more interesting than one would imagine.As so many great stories do, the beginnings of the olive chino are with war. Well, in truth, it actually begins with the British military and both took off and evolved as a result of war. In the early 1900s, after khaki was adopted by the British military for its uniform, the shade of khaki began to evolve, shifting to more of a greenish color. This new color was...