20 companies dominate the world's fashion industry. Here's who makes the list.
- Dubbed the "super winners," these companies currently account for 97% of global economic profit in the retail sector and own some of the biggest and best-known brands in the business, including Nike, H&M;, and Zara.
- Off-price retailer Ross Stores is known for offering a wide selection of well-known brands at discounted prices and providing customers with a treasure-hunt shopping experience that's hard to replicate online.
- H&M; is best known for its cheap namesake brand but also runs more expensive stores such as & Other Stories and Cos. H&M; was considered one of the pioneers of the fast-fashion movement and continues to be one of the leading apparel companies in the world.
- TJ Maxx offers discounts of between 20-60% on well-known brands and has reported strong same-store sales numbers for several years.
We shopped at 3 of the biggest dollar-store chains in America to see which one offered the best experience, and the winner was clear
- Dollar stores have been growing like crazy recently, with Dollar General, Dollar Tree, and Five Below all opening tons of new stores in 2018.
- From 2010 to 2015, dollar-store sales grew from $30.4 billion to $45.3 billion in the United States.
- Dollar Tree, which recently acquired the Family Dollar chain, currently has around 14,000 locations.
- In the third quarter of 2018, Dollar Tree reported comparable sales were up 2.3%.
- Dollar Tree said that in 2019, it plans to open 350 more namesake locations, 200 new Family Dollar locations, and rebrand 200 Family Dollar locations as Dollar Tree stores.
- Dollar General currently has around 15,000 locations.
- While not a traditional dollar store in that its products are priced up to $5, Five Below announced its own plans to grow earlier this year.
- In the third quarter of 2018, Five Below reported comparable sales grew by 4.8%.
Hey Tim Cook, there's a simple solution to your iPhone sales problem
- You've been hiking prices on many of your products, not just your iPhones, and putting an emphasis on things that appeal to higher-end consumers like leather cases and watch straps and tie-ins with luxury brands such as Hermes.
- On average, Wall Street analysts are forecasting that the number of iPhones you sell in your current fiscal year is going to fall 2% and your smartphone revenue is only going to grow 1%, despite your higher prices, according to UBS.
- UBS's Apple analyst Timothy Arcuri is predicting your unit sales are going to fall 7% this fiscal year and your iPhone revenue will drop 2%.
- That of course doesn't include labor or shipping, or the marketing costs required to sell iPhones, but it gives an idea of just how profitable each phone is for you — and how you could still profit from it even if you cut your prices.
Aperol spritzes, overalls, and the return of perms: Here were the biggest trends of 2018, according to Square
- According to Square, overalls, oat milk, and Aperol spritzes.
- The mobile-payment provider tracked the fastest-growing trends in 2018 to figure out what foods, services, and other purchases are hottest now.
- Tracking sales growth across the United States, Square came up with a top 10 list of the trends that will reign supreme in 2019, based on their sales over the last year.
- From spritzes to anything related to unicorns, 2018 saw the rise of some flashy trends.
- Here are the top 10 trends of the past year that Square expects to continue to dominate in 2019.
- Sales of the trendy plant increased 80%.
- The condiment, made from ground sesame seeds, saw sales increase by 90% in 2018.
- Sales of braid hair services increased 96% over the last year.
- Sales of overalls increased 330% over the last year.
Dell Reports Rising Sales Before Vote on Stock Market Return
- Informa PLC's registered office is 5 Howick Place, London SW1P 1WG.
- Nico Grant (Bloomberg) -- Dell Technologies Inc., the world’s largest private technology company, reported robust sales growth in its last financial disclosure before investors vote on a transaction that would return the company to public markets.
- Sales rose 15 percent to $22.5 billion, the Round Rock, Texas-based company said Thursday in a statement.
- Dell also has offered investors the option of receiving 1.5 to 1.8 shares of its tracking stock DVMT, depending on the value on the 17 days around the Dec. 11 vote.
- The company has secured the support of 17 percent of current holders of DVMT shares and activist investor Carl Icahn has dropped his lawsuit against the company that claimed Dell’s offer wasn’t fair -- making it very likely that a majority of holders will approve the offer.
Apple buys Platoon, a start-up that helps indie musicians get discovered
- Apple is building up its music business with an acquisition of a small tech startup that helps discover and develop emerging musical artists.
- Apple confirmed to CNBC it purchased Platoon, a company that helps independent artists fund, distribute, and market their content.
- The deal could help Apple find and develop exclusive artists for Apple Music, helping it stand apart from competitor Spotify.
- The company is depending on growth in subscription services like Apple Music to offset flattening iPhone sales.
- Platoon finds artists it believes will make it big, gets them on its service, funds them, and helps them get discovered by the public and bigger labels.
- Feigelson is a former music talent manager who founded direct-to-consumer record sales company Artists Without A Label, which focuses on selling music from independent artists.
- He also has worked with Apple on music projects in the past, including the iTunes Festival.
Morgan Stanley joins the chorus of Apple price target cuts: 'China smartphone market to blame'
- Morgan Stanley slashed its price target on Apple to $236 a share from $253 a share on Friday, citing a weak market in China for iPhones because people are taking increasingly more time to replace their old phones.
- Apple shares fell 0.7 percent in premarket trading.
- The stock is firmly in a bear market, down more than 25 percent from recent highs.
- Wall Street defines a bear market as a fall of more than 20 percent from a stock's 52-week high.
- Morgan Stanley joins a number of Wall Street firms cutting expectations for Apple's stock: Goldman Sachs (on the lackluster international reception of the iPhone XR), Guggenheim Partners (on declining iPhone unit sales next year), UBS (on warnings from suppliers and weak overseas sales), HSBC (on over-dependence of a single product) and Rosenblatt Securites (on a lowered iPhone shipment estimates).
How Amazon can dethrone UPS and FedEx in the US last-mile delivery market
- This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service.
- Outside of the US Postal Service (USPS), FedEx and UPS have dominated the domestic logistics industry — and in particular, the last-mile of the delivery — for decades.
- As online sales surge further, package volumes will outstrip legacy shippers' capacities, creating space for new entrants.
- In a new report, Business Insider Intelligence, Business Insider's premium research service, explains how the age of e-commerce is opening up cracks in UPS and FedEx's duopoly.
- We then outline how Amazon's logistics ambitions began as an effort to more quickly get parcels out the door and fulfill its famous 2-day shipping process and how it'll be a key building block for the company if it builds out a last-mile service.
The future of delivery and fulfillment in e-commerce
- 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.
Fiat Chrysler plans to open new assembly factory in Detroit to build SUVs: Sources
- Fiat Chrysler plans to open a new assembly factory in Detroit to build sport utility vehicles, people familiar with the matter told CNBC.
- The move comes as all of Detroit's Big Three automakers abandon sedan lines in favor of more popular and profitable SUVs and cross-over vehicles.
- Sales of SUVs and pickups have been one of Fiat Chrysler's biggest areas of growth and kept it ahead of its U.S. rivals.
- Overall sales jumped 17 percent in November over the same month last year — fueled largely by its popular Jeep SUVs and Ram Trucks.
- Ford's sales, by comparison, dropped by about 7 percent in the same period.
- Looking to enter the fast-growing and profitable mid-size pickup market, Jeep recently unveiled the Gladiator pickup, inspired by its popular and iconic Wrangler off-road SUV.