Buc-ee's is reinventing the gas station in Texas and beyond. The chain opened its first location outside of Texas in 2019, in Alabama. Since then, it has opened 15 locations outside of the Lone Star State.
Modern Retail
Book and Periodical Publishing
New York, NY 11,030 followers
Authority and honesty on the reinvention of retail, by Digiday Media
About us
The threat of e-commerce has transformed the retail experience. But the act of shopping is a tangible one. Retailers of all shapes are trying to grapple with a new consumer and new competition.
- Website
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http://modernretail.co
External link for Modern Retail
- Industry
- Book and Periodical Publishing
- Company size
- 51-200 employees
- Headquarters
- New York, NY
- Type
- Privately Held
Locations
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Primary
1 Liberty St
New York, NY 10006, US
Employees at Modern Retail
Updates
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When the streetwear brand Supreme was sold at a loss earlier last month, analysts weren’t surprised. Its owner, VF Corp, had reported year-over-year revenue drops for the last seven consecutive quarters, and reports had swirled for months that VF Corp would try to offload Supreme to clean up its balance sheet. Supreme’s business model, which involves weekly drops and limited-edition releases, was a departure from that of VF Corp’s other more traditional brands: The North Face, Timberland, Dickies and Vans. VF Corp acknowledged this, saying in a press release that there were “limited synergies” between itself and Supreme. But Supreme — which began as a New York City skate shop in 1994 — had long been dealing with problems of its own, too.
How streetwear legend Supreme lost its luster
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Secondhand apparel marketplace ThredUp has launched a trio of AI-powered tools to help customers refine their searches and seek product recommendations for queries beyond the typical keyword search. With more than 4 million SKUs on its sprawling web store, the tools are designed to make it easier for customers to find exactly what they’re looking for, whether that’s a dress for an upcoming job interview or a Valentine’s Day date. The new features are rolling out now, and will be widely available to all customers starting Aug. 8, the company announced Monday. Previously, the tools were only available to a random segment of consumers as ThredUp tested and refined their capabilities based on user feedback. Unlike peer-to-peer resale platforms like Poshmark, ThredUp gets its inventory from consumers who mail in their unwanted clothes for the e-tailer to sell on its platform. Brands can also set up an online resale shop through ThredUp.
ThredUp taps AI search tools to give its $322M secondhand apparel business a boost
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This week, we lead off with a scoop about United Airlines making big changes to its media program. But really this is a commerce story because the airline is doing this to focus more on selling targeted ads. Then, we have new data about the eye-popping amount of money poppi is spending on advertising. Last, we dive into Supreme and why it’s no longer the streetwear leader it once was.
United Airlines sunsets its in-flight magazine
Modern Retail on LinkedIn
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Poppi, a popular alternative to major beverage brands, ramped up its advertising spending exponentially over the past year, outspending some of those very same players it intends to rival, according to a new report. This comes as it faces scrutiny over its claimed health benefits. Poppi spent more than $43 million on advertising from January to April, nearly six times the $7.3 million it spent for all of 2023, according to a new study from ad intelligence platform MediaRadar. Meanwhile, according to MediaRadar, Gatorade spent $40 million and Dr. Pepper spent $32 million and only Coca-Cola and Red Bull spent more, at $78 million and $60 million, respectively. Most of Poppi’s advertising during that period was focused on television ads and digital channels, with the company spending more than $25 million on TV and $18 million on digital ads.
Poppi outspent Gatorade & Dr. Pepper on advertising
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Here’s the rub: Recycling of old textiles into new clothing doesn’t yet exist at scale. And the reality of what happens to old garments after they’re collected is often far messier than advertised. The Environmental Protection Agency estimates that 84% of clothes end up in landfills or incinerators. An investigation by the environmental campaign group Changing Markets Foundation, for example, found that clothing that entered H&M’s take-back program was often destroyed or dumped, per The Business of Fashion.
More startups are offering garment take-back services for brands -- but few are actually recycling the textiles
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When Jennifer Wilson first joined Lowe’s in 2006, Facebook had yet to officially launch its ad platform. Instagram wouldn’t hit the App Store for another four years. And many retailers were still bifurcating their e-commerce and physical operations, let alone figuring out how to get shoppers to shop in-store inventory from their mobile phones. “Having sat in a marketing seat here back in 2007 looks very different than what it looks like in 2024,” she said. “Going through those gyrations and learning moments has enabled me to have a very unique perspective on the brand itself, and also around how to accelerate the brand and what we’re known for.”
Lowe's new CMO is focused on improving the "big experiences that matter to our biggest customer segments"
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Starting Aug. 15, Amazon will use generative artificial intelligence to rewrite product listings that are deemed non-compliant. Sellers aren’t thrilled.
Gen AI is taking over product listings on Amazon & sellers aren't happy about it
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Afterpay is beta testing a service that lets Cash App users pay in installments for certain purchases made using their physical card. It's part of a larger trend in the #BNPL space. In this piece by Melissa Daniels, we speak to Nick Molnar, and Jinal Shah of Zip.
Afterpay is bringing buy now, pay later to the Cash App Card
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Studs, an ear piercing studio, is finding its sweet spot with food and dessert partnerships. Its strategy is to find a buzzy bakery or restaurant that's become popular on social media, team up with them on a product or experience and hope to go viral, too. #retail #studs In this piece by Julia Waldow, we speak to Anna Harman, Greg Carlucci of Gartner, and Erin Killian-Kristyniak of Partnerize.
Studs is taking TikTok-viral foods like the 'Crookie' as inspiration for partnerships
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