Sales & Marketing

Despite a drop in profits and same-store sales, Whole Foods Market still managed to surpass analyst predictions for the third quarter.   Net income for the quarter, ended July 2, net income fell to $106 million, or 33 cents per shares, from $120 million, or 37 cents a share, a year ago. This beat analyst expectations of 33 cents expected, according to Thomson Reuters.  

Amazon’s new delivery system makes a play for a customer segment initially targeted by Walmart’s e-commerce arm.   The online giant introduced a new delivery locker designed for apartment blocks and other housing complexes that may not have services to accept or store packages. Called The Hub by Amazon, the modular system features compartments where packages can be stored for pickup.   

Churchill and the RAF weren’t available to head off this German invasion. The proliferation of German discount grocers Aldi and Lidl in the U.K. over the past decade carved out a new battlefield for Tesco, Sainsbury’s, Asda, and Morrisons, and they are still mired in the mud. Second-quarter results released by market researcher Kantar showed the Germans growing 19% over last year, while the British Big Four edged up less than 2%.

A 40-year-old mall in San Francisco’s East Bay that was put on the auction block has been snatched up by a partnership that pledges to revitalize the “irreplaceable” property.   New owners LGB Real Estate Companies and Aviva Investors see a successful, mixed-use future for the 1.1 million-sq.-ft. retail center.  

The challenges of physical retail have inspired new concepts and new entrants to the supermarket business in America

The Electric Daisy Carnival drew 130,000 young people to Las Vegas on its final day last year. This summer, Billy Joel will sell out his 43rd concert at Madison Square Garden, where floor tickets sell in the $200 range. No matter the age or inclination, people still want to leave the house and be with other people. They just need a really good reason to do so. Here are 10 retail centers that have some of the best reasons:

Trending Stores: No two stores are exactly alike at Warby Parker. But the popular eyewear company’s new store in Los Angeles, above, is a particular standout for its celebration of Hollywood’s moviemaking history. The store combines Warby Parker’s signature library-style design and fixtures with such location-specific elements as a classic movie theater-styled marquee with rotating titles, a Hollywood-themed mural, and a display of movie clapboards behind the checkout.

Amazon’s Prime Day may have boosted the company’s second quarter sales, but the event wasn’t enough to keep its earnings on track.   The online giant’s net income for the second quarter, ended June 30, was $197 million, or $0.40 per diluted share, compared with net income of $857 million, or $1.78 per diluted share, in second quarter 2016. Earnings also drastically missed analyst expectations of $1.42 per share, according to consensus estimates from Thomson Reuters.