Name: "Retail Apocalypse" or "Retail Evolution" | March 2, 2020
Uploaded: 2020-03-11T18:42:24.000Z
Duration: 10 min 2 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

another weekend has come and gone with another U S presidential nomination contest. 2 

Like the state of Nevada, South Carolina decided not to hold a Republican nominating contest this year. 5 

All the GOP delegates in those states are expected to be set aside for the incumbent Republican president, Donald Trump. 6 

But South Carolina did hold a Democratic primary on Saturday, and former Vice president Joe Biden won his first victory. 7 

Senator Bernie Sanders from Vermont, one about 20%. 10 

And they were the only two candidates awarded delegates from this state. 11 

That's really what these races are all about. 12 

Whoever wins a majority of the party's delegates in these primaries and caucuses is likely to become that party's nominee for president after South Carolina. 13 

Senator Sanders leads overall with 56 delegates. 14 

Former vice president Biden is in second place with 51. 15 

Former South Bend, Indiana Mayor Pete Buddha judge was in third place. 16 

Senator Elizabeth Warren from Massachusetts and US Senator Amy Klobuchar from Minnesota rounded out the top five. 18 

But last night, Buddha judge became one of the two Democrats who suspended their campaigns after the South Carolina primary. 19 

This means they're no longer in the race. 20 

The other is former investment manager Tom Steyer, who did not win any delegates in South Carolina despite his third place finish there. 21 

So there are now six Democrats still in the race, and tomorrow's a big day in the nomination process. 22 

It's called Super Tuesday because 14 states and one U. 23 

S territory are all holding contests at the same time. 24 

Most of them will be for Democrats and Republicans. 25 

And they could really help establish a Democratic front runner or two, while President Trump is all but certain to win for Republicans. 26 

Second trivia In terms of sales, which of these U. 27 

Costco, Amazon, Kroger Were Wal Mart Amazons growth? 29 

Wal Mart does more than three times Amazon sales every year. 30 

Business News It could be easy to focus on store closures going on around the country. 32 

Family dollar Fred's, GNC and Sears each closed hundreds of shops last year, but all the dollar general and five below open dozens or hundreds of stores of their own. 33 

It's becoming clear that online sales and physical store sales are not always inversely proportional. 34 

America now browses with browsers window shopping with Windows. 35 

Web watchers say more merchandise is available in cyber shops, and ever before, a lot of major retailers are coming to the Web in a big way. 36 

It's a story that almost doesn't need an introduction. 37 

The explosive growth of online shopping and the death of brick and mortar stores. 38 

America's vibrant consumerism of yesterday went digital, the Internet's biggest draw convenience. 39 

And so, in 2019 more than 9300 retail stores closed. 40 

Many feared that a retail apocalypse was in full swing. 41 

Some experts call it a retail apocalypse 2019 March 1 of the worst years in a decade for brick and mortar stores. 42 

Those store closures marked a nearly 60% uptick from the previous year, concerning yes. 43 

But if you look a little closer, we'll see a few names that dominate the list. 44 

Hey, less alone accounted for about order of the closures after it fell from bankruptcy. 45 

Other bankrupt retailers like Sears, Fred's, Gymboree and Charlotte roofs also fill the list. 46 

It's a certain amount of mismanagement going on that's caused the so called retail apocalypse, often times because of a leverage, leverage buyout. 47 

You know, some kind of private equity situation that saddled them with a lot of day. 48 

The important thing is that the pie is growing. 49 

The route of the matter is that almost 90% of retail sales occur in a storm. 51 

The problem with the retail apocalypse narrative is it assumes online shopping is bad for brick and mortar stores as online shopping grows in store shrinks. 52 

In reality, the two can be complimentary. 53 

Well, it used to be that customers entire shopping experience happened in store. 54 

It's more of a high hybrid in store and online. 56 

For example, roughly 2/3 of consumers say they've researched a product online before shopping for it in store. 57 

The flip side is also true these air online retailers when they open a physical store. 58 

The online sales also increase, so the physical store acts as marketing for the website. 59 

Consumers are also taking advantage of other hybrid options, like ordering online and then picking up in store when given the option. 60 

More than 70% of consumers say they've tried in store pickup for companies like Target that type of same day pickup and delivery alone drove 80% of the company's growth in the third quarter of 2019. 61 

It's actually getting difficult to even measure What is an online cell versus What is it an in store sale? 62 

I think we're actually gonna get to the point where we have to get away from this notion that there even two separate things. 63 

It's not just the targets in Wal Marts of retail that are taking advantage of brick and mortar stores. 64 

Once online on Lee, companies like Warby Parker, ever Lane, Casper, All Birds, Zappos and even Amazon have seen the advantage of opening physical stores. 65 

They're now 1700 stores that have been opened by music, usually native brands. 66 

Many of them said, You know, we're never gonna open stores. 67 

We just want to sell online, and now they are. 68 

They're opening stores because it's the cheapest and easiest way for them to acquire new customers and increase their market share as consumers, we still want to touch and try stuff on in store before buying it dead and item fast without paying for shipping and expedite returns conveniences. 69 

We can't get online so We have this idea that everything's shifting online into a certain extent. 70 

It is, but the physical stores are still vastly important, and you're seeing a fundamental change, you know, in the role of the store. 71 

It's happened slowly, but the stories in just about transactions anymore. 72 

It's about creating customer engagement and brand building and fulfillment. 73 

You know this story tomorrow is gonna look and feel a lot different than the store yesterday. 74 

So maybe the term apocalypse is getting thrown around a bit too much. 75 

As our shopping habits evolved, brick and mortar stores may just be as important as ever. 77 

Vertical farming Growing crops indoors, often without soil, is not a new way to cultivate food. 78 

It's been around since the early 19 hundreds, though its popularity is growing. 79 

Critics have a number of concerns about its high cost of setting up its dependence on technology and electricity, and there's debate over whether it can be called organic when it works. 81 

Square roots is our urban farming company, each one of these shipping containers we have our young farmers farm them and they'll generate upwards of 3 to 5 acres over the equivalent product you grow outdoors. 82 

We started in Brooklyn and a tougher part of Brooklyn. 83 

Fact Jay Z's old neighborhood where he grew up. 84 

And what we've done is we put a campus off small farms on a parking lot way, used 10 times less water and were able to give the plants exactly the nutrients they need. 85 

We're also located right by the grocery stores, and so there's virtually no transportation costs. 86 

That square roots we focus on basil, mint, chives heard. 87 

It makes a lot of sense for our technology today, and then over time it will really be every vegetable you can imagine. 88 

It's important for us to designed something that could work on Mars with that in the back of our mind. 89 

But our primary goal is real food to cities across America to start and then eventually the world and then eventually, other worlds theme the New Jersey shore In the city of Margate, there's been an elephant time presence since 18 81 1st what's known as Lucy the Elephant was a restaurant and hotel. 90 

Then it became a vacation home and eventually a national historic landmark. 91 

Now is a way to raise awareness and money for Lucy's preservation. 92 

It'll be available once again as a hotel. 93 

An Airbnb rental for three nights only. 94 

$138 a night in honor of Lucy's age, it opens the Margate to history buffs who will be very Victorian trist ID in Lucy's L. 96 

They'll be up to the tusk of telling her tale to anyone who will lend an ear when they trumpet their account of a really good trunk. 99 