Rewiring retail thinking to celebrate diversity

PETER JOHNSTON | January 14, 2020

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The cost of asset can range from INR 5,000 to 30,000. A typical large refrigerator cost about 10-12K each and a ViziCooler costs about 4-5K each. However, the scale of proliferation increases investment significantly. Many FMCG companies and Brands promote products inside retail shops by supplying assets like Refrigerators, Mini Refrigerator, ViziCoolers, lighted asset, digital signage, kiosks and so on. It’s a usual sight to find a Cokacola refrigerator, Cadbury’s Vizicooler, Ponds lighted asset at a local kirana shop. The primary purpose of supplying these assets is to gain a brand presence in Retail shop, right in front of customer and maintaining product quality by ensuring that product reaches consumer in right state so that consumer experience is of utmost quality.

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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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Spotlight

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Algolia is the leading Search & Discovery API for websites and mobile apps. We help the most innovative companies across e-commerce, media and SaaS industries create powerful, relevant and scalable discovery experiences for their users. Unlike other solutions, our hosted platform reduces the complexities of building and scaling a fast, relevant digital experience and helps teams accelerate development time. More than 5,000 companies like Under Armour, Twitch, Periscope, Medium and Stripe rely on Algolia to manage 40 billion search queries a month.

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