From Digital Experimentation to Digital Transformation

| January 24, 2019

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Many of today's most established organizations are feeling overwhelmed by the complex duality of new digital products and the renewal of legacy products.

Spotlight

Newegg

Newegg is the largest online-only retailer of consumer electronics in the United States. Founded in 2001, Newegg has more than 25 million registered users and regularly earns industry-leading customer service ratings. The award-winning website www.newegg.com offers customers a comprehensive selection of the latest high-tech products, detailed product descriptions, images, tutorials and customer reviews. Newegg’s online tech community also gives customers the opportunity to interact with other computer, gaming and consumer electronics enthusiasts.

OTHER ARTICLES

EU and US apparel consumption could fall by 300 billion US dollars in 2020

Article | April 13, 2020

Most European countries and the United States have been in lockdown since mid-March due to the Covid 19 pandemic, and brick and mortar stores have been closed accordingly. Although online retail continues, it is proving difficult due to falling consumer spending, transport issues and disruptions of the supply chain. A forecast by Indian management consulting company Wazir Advisors, which focuses specifically on the apparel sector, predicts a decline in apparel consumption in 2020 of 45 percent in the EU and 40 percent in the US, which could lead to a reduction by 300 billion US dollars (around 274 billion euros or close to 240 British pounds).

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How Art Van went from a retail juggernaut to a house afire

Article | March 8, 2020

The Warren-based retailer's sudden announcement that it would wind down operations comes only three years after its late founder, Art Van Elslander, sold the company to a Boston-based private equity firm, Thomas H. Lee Partners LP, in an estimated $550 million deal. How did a seemingly healthy, valuable and beloved company go so wrong so fast? After its 2017 acquisition, Thomas H. Lee set an aggressive strategy to open 200 more stores and double revenue to $2 billion by 2020. But being saddled with roughly $400 million in debt and no financial cushion to respond to the disruption of changing furniture habits left Art Van's business model sitting on a tinderbox. Management missteps were all the fuel needed to burn the house down.

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Why retailers need to embrace renewable energy in 2020

Article | February 28, 2020

We’re constantly being pummelled by bad climate news. Despite the efforts of individual countries and international organizations, a November 2019 report by the United Nations asserted that “countries collectively failed to stop the growth in global GHG emissions.” This has led to increasing average global temperatures and the unquestionable need for deeper and faster emission cuts. But the private sector can’t sit idly by waiting for governments to act – it’s time for retailers to step up and be leaders in the fight against climate change. And for businesses, research is proving that prioritizing sustainability is beneficial for long-term financial success.

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How Online Tracking and Bloated Ad Tech Impact the Customer Experience

Article | March 2, 2020

The retail landscape is more crowded than ever. Nearly every day, a new brand pops up seeking consumer attention and buy-in across the globe, and this intense competition has fostered some questionable practices in the world of digital advertising. Hungry for impressions, retailers and online brands have invested billions into powerful advertising technology with the ability to collect very personal information on each customer in order to deliver them extremely, almost dangerously, targeted ads. As the retail experience shifts away from brick-and-mortar stores and hones in on e-commerce, retailers of all sizes will continue to spend egregious amounts to capture consumer sentiment.

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Spotlight

Newegg

Newegg is the largest online-only retailer of consumer electronics in the United States. Founded in 2001, Newegg has more than 25 million registered users and regularly earns industry-leading customer service ratings. The award-winning website www.newegg.com offers customers a comprehensive selection of the latest high-tech products, detailed product descriptions, images, tutorials and customer reviews. Newegg’s online tech community also gives customers the opportunity to interact with other computer, gaming and consumer electronics enthusiasts.

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