Innovation

Augmented Reality Retail Innovation

One of the standout innovations at SXSW was shown by Lush Retail, a U.K. cosmetics firm that sells, of all things, bath bombs. Lush runs an innovation division called Lush Labs that designed a mobile app that lets you to scan any of their bath bombs and immediately see its name, elements, cost and fragrance description.

More than 26,700 stores have closed since 2007, when the current retail downslope began. One mitigating factor is the fact that the U.S. has more retail square footage per capita than any other country, as much as six times more than the U.K.

Then there is Amazon.com, which has siphoned off America’s best retail buyers, corralling them into the ultimate email list of 100 million Prime members. One researcher believes that more than half of U.S. households will be Prime members by yearend 2019.

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Trends

Grayfields: The Retail Downtrend

The headline is telling: “ Toys ‘R’ Us Is Prepping to Liquidate Its U.S. Operations.” How could a retailer that first opened its doors in 1948 implode so spectacularly? It’s

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Innovation

Saks Fifth Avenue ConBody

The Amazon Factor will lead to as many as 8,600 store closings in 2017. Retailers have three options: Close up shop, innovate, or change and become a discount retailer, which,

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Innovation

Amazon

Amazon has changed the way America shops. In September 2016, Bloomberg reported that more than half of U.S. online consumers begin their product searches on Amazon.com’s site or mobile app.

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Amazon Echo Look video
Innovation

Amazon Echo Look

One of the biggest challenges innovation consultants and speakers face is the “tyranny of the installed base” — as legendary founder of Ziff-Davis, Bill Ziff, liked to put it. Retailers

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Innovation

Tuft & Needle

There is no industry in America in need of disruption than the mattress industry. That’s because most mattresses are sold with a time-tested technique that revolves around smoke and mirrors.

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Innovation

Zenni Optical

A conversation about innovation inevitably sparks visions of Apple, AirBnB or Uber. However, there are many unsung heroes who practice the art of efficiency innovation extremely well. In prescription eyewear

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Innovation

Tony Hsieh’s Big Las Vegas Vision

When it comes to big ideas, it’s not surprising to find Zappos.com co-founder and CEO, Tony Hsieh, outlining Las Vegas’ innovative future. Where others see emptiness amid a 1.5-square mile

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