The retail apocalypse or retailpocalypse is the closing of a large number of North American brick-and-mortar retail stores, especially those of large chains, starting in 2010 and continuing onward. Over 12,000 physical stores have been closed, due to factors such as over-expansion of malls, rising rents, bankruptcies of leveraged buyouts (LBO), low quarterly profits outside holiday binge spending, delayed effects of the Great Recession, and changes in spending habits. North American consumers have shifted their purchasing habits due to various factors, including experience-spending versus material goods and homes, casual fashion in relaxed dress codes, as well as the rise of e-commerce, mostly in the form of competition from juggernaut companies such as Amazon.com and Walmart. https://en.wikipedia.org/wiki/Retail_apocalypse
WeWork (officially "The We Company") is an American commercial real estate company that provides shared workspaces for technology startups, and services for other enterprises. Founded in 2010, it is headquartered in New York City. As of 2018, WeWork manages 46.63 million square feet. https://en.wikipedia.org/wiki/WeWork (CoWorking)
The Upside of the 'Retail Apocalypse' The old Highland Mall in East Austin, Texas, is now occupied by Austin Community College, which built a high-tech math lab on the second floor of a former J.C. Penney and is building student housing in the parking lots. With a new light-rail stop, the area is becoming a hub for local employers. (more)
Opinion | The Surprising Benefits of Relentlessly Auditing Your Life. The method, as my husband would be shouting right now, is of course more than just a spreadsheet. It’s based on the Japanese notion of “kaizen,” or continuous improvement, made famous in 2001 when Toyota singled it out as one of the pillars of the company’s success. You pick a goal, figure out the main components behind it, collect data on those components and work out what you can do to move closer to the goal (more)
Inside Co—Star, the smartest (and meanest) astrology app out there. The app asks users for detailed biographical information to develop an accurate natal chart, which is an “astronomical snapshot of the sky based on the exact day, time, and place you were born,” according to the copy on the app’s website. Co—Star sets itself apart from its competitors by using “data from NASA” and a proprietary algorithm that spits out unique, slightly robotic horoscopes for users each day, delivered in the form of push notifications. (more)
The Future of College Looks Like the Future of Retail. Some online programs are gradually incorporating elements of the old-school, brick-and-mortar model—just as online retailers such as Bonobos and Warby Parker use relatively small physical outlets to spark sales on their websites and increase customer loyalty. (more)
Peter Thiel’s Founders Fund just invested in a women’s fashion brand. The brand, co-founded by Sali Christeson in 2017, is a direct-to-consumer workwear startup. Argent was born in the Bay Area, and fulfilled a very specific need in the market, catering to female professionals who are looking for practical office attire that looks polished, but not overly formal or feminine. (more)
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