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Search resuls for: "Yarbrough"


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☆ The dream of plant-based meat in fast food may already be dead
  + stars: | 2022-11-23 | by ( Mary Meisenzahl | ) www.businessinsider.com   time to read: +3 min
Fast food chains have experimented with plant-based proteins for years with limited success. Plant-based meat is too expensive and adds too much complexity for widespread fast food adoption, an analyst said. Despite some exceptions like Burger King's Impossible Whopper, plant-based fast food menu items have largely been featured as limited-time offerings. It's "very hard" to convert meat eaters to plant-based meat, he said. Plant-based meat isn't likely to disappear from fast food menus, but it's also not going to replace beef.
☆ Walmart is laying off 1,500 workers, transforming a warehouse as it tries to compete with Amazon's marketplace
  + stars: | 2022-10-11 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +4 min
Walmart is letting go of nearly 1,500 workers at one of its fulfillment centers in the Atlanta area, with the company repurposing the e-commerce facility to support third-party sellers. A Walmart blog post published on Monday said the company will turn the fulfillment center into "a dedicated facility supporting our growing Walmart Fulfillment Services (WFS) business." The company launched Walmart Fulfillment Services in 2020 to allow third-party-marketplace sellers to ship and store products using the retailer's warehouses. For comparison, Amazon said it has nearly 2 million third-party sellers on its marketplace. Yarbrough said Walmart may convert more fulfillment centers to focus on WFS as the company attracts more third-party sellers to its marketplace.
☆ Lawmaker complaint forces Tennessee pride festival indoors
  + stars: | 2022-10-07 | by ( Jo Yurcaba | Jo Yurcaba Is A Reporter For Nbc Out. | ) www.nbcnews.com   time to read: +7 min
The drag show at a Tennessee pride festival will go on Saturday — but not in the way organizers had planned it. Darin Hollingsworth, a Jackson Pride Committee member, said organizers were “horribly disappointed,” because they know local LGBTQ youths would have felt supported at the drag performance. “But we will be in contempt if we even allow parents to bring in their child, so we won’t.”Hollingsworth said the pride event had been in the works for a year, and Jackson Pride had advertised it repeatedly. The event began to face backlash after a Sept. 17 Facebook post from Republican state Rep. Chris Todd. As a result, the Jackson Pride Committee decided to move the festival, including the drag show, into the Civic Center and to increase security measures by, among other things, having a metal detector.
☆ Walmart's leading position in grocery provides 'bupkus' in profit. Analysts say the retailer needs to do more to succeed in the high-margin furniture space.
  + stars: | 2022-09-26 | by ( Ben Tobin | ) www.businessinsider.com   time to read: +5 min
Walmart became the largest food retailer in the US in 2001 with grocery sales raking in $56 billion. Today the retailer mixes sales of high-margin items like electronics and furniture with those same groceries. But times have changed, particularly for the value-conscious customers Walmart caters to. While net-profit margins for furniture items sold in the US can be as high as 50% to 60%, according to analysts, that total usually hovers around 1% to 3% for grocery items. He did not specify how much Walmart earned in revenue or profits from furniture sales in 2021.
☆ Nike is racing to replicate Amazon's delivery speed by connecting its complex network of stores, warehouses, and tech
  + stars: | 2022-09-19 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +8 min
Nike is working to tie together inventory held by stores, retail partners, and warehouses. The company's connected-inventory plan also plays into a larger Nike shift to more regional shipping, including out of a wider fleet of Nike stores and warehouses. Gloria DawsonMore retail stores, more warehousesAs part of the overall effort to serve customers "when they want it, how they want it," Nike is adding retail stores and distribution centers. While most of Nike's stores are in major metropolitan areas, stores are increasingly popping up in second-tier cities. If you go into Dick's, and Dick's doesn't have it, and they have it at the Nike store, they ship it to your house.
☆ Nike races to deliver at Amazon's speed by doubling down on 'connected inventory'
  + stars: | 2022-09-16 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +8 min
At an annual meeting last week, Nike CEO John Donahoe once again talked about "connected inventory." The company's connected-inventory plan also plays into a larger Nike shift to more regional shipping, including out of a wider fleet of Nike stores and warehouses. By that time, Parker said he was bullish on connected inventory, with a pilot at 19 Nike stores in South Korea and two unnamed retail partners. While most of Nike's stores are in major metropolitan areas, stores are increasingly popping up in second-tier cities. "Connected inventory is about getting it to you faster.
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