Which delivery features are most important to consumers?
- And with e-commerce sales growing at nearly five times the rate of brick-and-mortar sales, retailers need to find cheaper and more efficient ways to deliver e-commerce orders.
- But different age groups have different preferences for which delivery and fulfilment options are most important to them.
- Find out which delivery features are most important to consumers as well as what fulfillment options retailers should be using to meet consumer demands in this new FREE slide deck from Business Insider Intelligence's three-part Future of Retail 2018 series.
- In this first installment of the series, Business Insider Intelligence explores delivery and fulfillment, including consumers' delivery preferences, the challenges those demands pose to retailers, and the strategies retailers can use to meet consumers' expectations of fulfillment without tanking their profitability.
- As an added bonus, you will also gain immediate access to our exclusive Business Insider Intelligence Daily newsletter.
Stocks making the biggest moves after hours: Nike, Cintas, GameStop and more
- Shares of Nike dropped more than 3 percent in extending trading Thursday following the release of the retailers better-than-expected third-quarter earnings results.
- Nike posted earnings per share of 68 cents, beating estimates of 65 cents, according to Refinitiv.
- Cintas shares dipped as much as 3 percent after hours Thursday on mixed third-quarter earnings.
- Shares of Caleres fell more than 6 percent after market close Thursday following weak fourth-quarter earnings.
- Caleres posted earnings per share of 38 cents on revenues of $720 million.
- Analysts forecast earnings per share of 45 cents on revenues of $738 million, according to Refinitiv.
- GameStop shares popped slightly in extended trading on news that the gaming company named George Sherman as its CEO, effective April 2019.
- Shares of Zuora fell more than 11 percent after hours after reporting fourth-quarter earnings.
Atlassian built a $20B dollar company with no sales team
- When you think about how “traditional” enterprise-focused firms – think Microsoft, Oracle and IBM – sell software, it usually follows a well trodden formula: negotiations, long sales cycles and a “checklist” of features demanded by decision makers who seldom use the products they buy.
- But there is a company that has found a way to scale its software business with an entirely different model: Atlassian.
- The company behind breakout products like Jira and HipChat and who recently acquired Trello now has more than 125,000 customers, all without any of the formal sales processes above.
- While Atlassian might have eschewed the sales and marketing spend of their peers, they invested heavily into a different distribution model: a high-velocity, bottom-up distribution machine they’ve spent over a decade perfecting.
- In this new world, customers enter the sales cycle full of knowledge, opinions and feelings about your product and your company.
Apple just blew past Microsoft to become the world's most-valuable public company
- Shares of the consumer-electronics titan rallied close to 4% Thursday, giving Apple a market cap of about $916 billion — surpassing its computing archrival's $908 billion valuation.
- The pair's latest switch in position — Apple reached a $1 trillion market cap in August 2018 but had since retreated — comes amid anticipation that Apple will on Monday reveal a video-streaming service to rival Netflix.
- Apple certainly faces its fair share of challenges: net revenue fell 5% to $84.3 billion last quarter, a far cry from the $89-to-$90 billion it projected before cutting its guidance.
- Meanwhile, Microsoft's sales leapt 12% and operating income jumped 18% in its latest quarter.
- The gains stemmed from strong sales of its Azure cloud-computing platform, Surface line of laptops and tablets, Xbox software and services, and LinkedIn site.
- Apple has surpassed Microsoft for now, but given the pair's recent performances, it will be watching its back.
Mortgage Rates Hit 52-Week Low After Fed Meeting
- The Federal Reserve’s signal that it doesn’t plan to raise interest rates for the rest of the year are quickly sending mortgage rates lower.
- The average 30-year fixed rate mortgage has dropped to 4.34% from 4.4%, taking it to a 52-week low, according to Mortgage News Daily.
- The new rate is significantly lower than the 5.05% rates hit last October, which was the highest level for a home loan since February 2011.
- Eleven of the 17 Fed officials helping to set interest-rate policy said they saw no need to raise rates this year.
- Mortgage rates tend to track with the 10-year Treasury, meaning they could continue to go lower in the months to come.
- So while mortgage rates might be lower, the big question for the real estate industry is whether consumer confidence will be strong enough to boost home sales.
Levi Strauss shares open at $22.22 in IPO, as jean giant makes return to the public market
- Shares of blue jeans giant Levi Strauss & Co. surged 32 percent in its debut on the New York Stock Exchange, giving it a market capitalization of $8.7 billion and demonstrating strong demand for owning a part of the jean giant.
- Levi Strauss Wednesday night priced its initial public offering at $17, topping original expectations of between $14 and $16 a share.
- The newly public company has an opportunity to improve market share with women beyond its core business of men's jeans.
- The family, though, will continue to hold nearly 81 percent of voting power, through the company's dual share structure.
- Levi Strauss has said in its IPO documents filed with regulators it plans to use proceeds from its offering to invest further in its business, including potential acquisitions or strategic investments.
Olive Garden owner posts solid jump in sales
- New York (CNN Business) - It appears the comeback for Olive Garden owner Darden Restaurants, much like its famous pasta specials, is never ending.
- Darden reported earnings and revenue that topped forecasts Thursday, thanks to strong sales growth at Olive Garden, which accounts for more than half of the company's overall sales.
- The company also raised its sales and earnings outlook for the full year.
- Analysts attribute much of the success to the turnaround at Olive Garden engineered by CEO Gene Lee, who took over the company in 2014 after activist investor Starboard pushed for big changes at the company.
- Under Lee, Olive Garden adopted a back to basis approach -- emphasizing classic Italian dishes, adding pricier wine and alcoholic beverages and concentrating more on service.
- The company posted strong sales gains for LongHorn Steakhouse, which generates about 20% of the company's revenue.
Amify Secures $5.8M Series A Funding, Empowers Brands to Maximize their Amazon E-Comm...
- Amify, a turnkey solution for brands seeking to maximize their selling potential on Amazon, has announced $5.8 million in Series A funding led by Mercury Fund.
- Led by McAfee, Amify has sold more than $100 million on Amazon for its customers since its bootstrapped inception and has empowered over 1,000 brands across a wide spectrum of consumer goods vertical industries with a unified solution to amplify their brand presence.
- Now armed with venture capital funding to amplify its technology innovation and management teams, brands can team with the market leader to build a cohesive strategy on sales acceleration, brand standards optimization, pricing, supply chain logistics and unauthorized seller and UPP protection.
- Industry expertise and a data-driven approach power a complete solution that includes account management, brand protection, sales acceleration and content enhancement.
Japan plans to lower age of adulthood to 18
- If the change is approved, 18-year-olds will be able to get married, sign contracts and take out loans without the consent of their parents.
- Under the existing law, people under 20 can only get married with the consent of their parents.
- But this amendment will raise the age that women can get married so that all 18-year-olds will be able to do so without parental consent.
- The government decided to make the age of marriage the same for both sexes because there was no justifiable reason for the difference, according to Japan's Kyodo news service.
- Separately, the bill will allow 18 and 19-year-olds to sign contracts for mobile phones and credit cards.
- For example, young people will be able to cancel a contract if they believe salespeople have manipulated or pressured them into signing it.
A growing list of companies from FedEx to BMW are warning about the world economy
- With an ongoing trade war between the U.S. and China, Brexit uncertainty weighing on Europe and the U.K., and new weakness out of Japan, a group of business leaders say it's harder than ever to rake in profits.
- This week, top executives at FedEx, BMW, UBS and others described bleak global business conditions while discussing quarterly results.
- The electronics company is forecasting a tough 2019 due to slowing economic growth, global trade tensions and softer demand for memory chips from data center companies, the firm's co-chief executive said on Wednesday.
- It's not just these big names — all companies in the S&P that generate more than half of their sales overseas are expected to see an earnings decline of 11.2 percent in the first quarter of 2019, accordingto FactSet. Fitch Ratings also "quite aggressively cut" its 2019 global forecast this week.