WEEKLY WISDOM
“The difference between winning and losing is often simply not quitting.“
Who’s The Boss Now?
Previously, workers were fighting a hopeless battle to raise rockbottom minimum wages.
Now employers in the U.S. and Europe are upping the ante to lure these same workers – who are currently in short supply.
We’re on the verge of what literally could become a bidding war for frontline workers.
Suddenly, workers are calling the shots with never-been-seen-before negotiating power.
Most wanted benefits; Who’s hardest hit;
Retailers are trying to lure consumers to do their holiday shopping earlier while inventory is struggling to make it to stores before Christmas.
RETAIL
Scotch & Soda (Netherlands) is on an expansion fast track opening 22 new physical locations globally by the end of the year. So far this year, Scotch & Soda has opened nearly 60 outlets. The brand is also launching its first digital store on Tmall in China.
- The brand has its eye on expansion across Europe, Asia-Pacific, North America and the Middle East.
Ross Stores (USA) opened 28 new stores in September and October, for a total of 65 new stores openings this year. Including the new stores, the company operates 1,924 off-price apparel and home fashion stores.
Sam’s Club (USA) sees an opportunity to reach customers offline – with its first-ever holiday catalog. The 35-page mailer will be sent via post, as well as being available on the retailer’s website.
Walmart (USA) is partnering with Netflix in a move that will make Walmart the go-to place for exclusive Netflix-related merchandise, while placing the retailer in front of Netflix’s massive audience.
Tax-free shopping sales on the first day of China’s Golden Week holiday reached $26.37 million, surging 122% from a year earlier, according to the local customs bureau in Haikou.
Triumph (Germany) is bringing its Sloggi bodywear brand into India. It will work with franchise partner Solar Group and aims to achieve 10% market share in the next 2 years.
PODCAST
Getting Good Returns is One Thing. Knowing How to Keep Them is Another
In this episode of A Seat at The Table, market forecasting expert Roger Khoury talks about:
- Why focusing on opportunities to make money is the reason people have bad or inconsistent market experiences and what to do instead.
- Why it’s critical to focus on the process, not the results.
- The “inherent flaw” in all market strategies that leads to large losses and inconsistency.
MARKETS
The U.S. economic recovery could be held back by a sharp slowdown in jobs growth along with soaring wages and staff shortages.
China’s year-on-year consumption growth trend for 2021 will be “low-after-high,” with the country’s retail sales of consumer goods expanding 12.5% from a year earlier and 8% from 2019, hitting $6.8 trillion in 2021, Ministry of Commerce official Wang Bin told local media.
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