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T.J. Maxx’s Recession-Proof Pricing Strategy, Explained | WSJ The Economics Of - YouTube
T.J. Maxx’s Recession-Proof Pricing Strategy, Explained | WSJ The Economics Of - YouTube
T.J. Maxx and Marshall’s parent company TJX made almost $50 billion last year – more than Nordstrom and Macy’s combined. A decades-old TJ Maxx commercial promises customers “the max for the minimum price” and says the store is “never the same place twice.” But how does the clothing store get its inventory and sell it at such a discount? WSJ explains how the off-price retailer gains its inventory and uses consumer psychology to keep customers coming back for more. 0:00 TJ Maxx’s core strategy 0:46 Price anchoring 3:06 Inventory 5:10 Pandemic’s effects The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #TJMaxx #Fashion #WSJ
derek68·m.youtube.com·
T.J. Maxx’s Recession-Proof Pricing Strategy, Explained | WSJ The Economics Of - YouTube
Girl Scout Cookies Sold Out Online in Hours: Behind the $800 Million Empire | The Economics Of | WSJ - YouTube
Girl Scout Cookies Sold Out Online in Hours: Behind the $800 Million Empire | The Economics Of | WSJ - YouTube
Girl Scout cookies like Thin Mints, Samoas and Tagalongs are sold only a few months each year, yet they generate $800 million in revenue annually for Girl Scouts of the USA. In fact, the organization is the largest girl-led entrepreneurial program in the world, helping young girls practice unique skills like goal setting and money management. WSJ takes a look at how cookies have served as the key ingredients for Girl Scouts' longstanding success. 0:00 Girl Scout cookies have been around for over 100 years 0:41 How Girl Scout cookies’ nimble business model led to a boost in online sales 1:35 How Girl Scout cookies’ limited supply and changing flavors works in their favor 2:42 How the Girl Scout cookie program works and why it is effective The Economics Of How do the world's most successful companies generate revenue? In this explainer series, we'll dive into the surprising stories behind how businesses work--exploring everything from Costco's "treasure-hunt" model to the economics behind Amazon's AWS. #GirlScouts #GirlScoutCookies #WSJ
derek68·m.youtube.com·
Girl Scout Cookies Sold Out Online in Hours: Behind the $800 Million Empire | The Economics Of | WSJ - YouTube
The Racist History of Tipping
The Racist History of Tipping
Employers pay tipped workers $2.13 an hour. Why? Reconstruction-era racial discrimination.
derek68·politico.com·
The Racist History of Tipping
The Timeless Business of Steakhouses
The Timeless Business of Steakhouses
Start your business today with a free trial of Shopify - go to https://www.shopify.com/modernmba to learn more.As restaurants go, there’s Italian, Mexican, C...
derek68·youtube.com·
The Timeless Business of Steakhouses
Liquor before beer: Spirits beat brews in new market data
Liquor before beer: Spirits beat brews in new market data
LOUISVILLE, Ky. (AP) — Producers of spirits have new bragging rights in the age-old whiskey vs. beer barroom debate. New figures show that spirits surpassed beer for U.S. market-share supremacy, based on supplier revenues, a spirit industry group announced Thursday.
derek68·apnews.com·
Liquor before beer: Spirits beat brews in new market data
1. Gas Stations | The Economics of Everyday Things
1. Gas Stations | The Economics of Everyday Things
In our first episode, host Zachary Crockett sidles up to the pump to ask: Who owns your local gas station, and where do their profits really come from?
derek68·the-economics-of-everyday-things.simplecast.com·
1. Gas Stations | The Economics of Everyday Things
Vanilla Market size Report, 2022-2027
Vanilla Market size Report, 2022-2027
Vanilla Market is estimated at $789.6 million in 2021 growing at a CAGR of 5.7% over the forecast period 2022-2027.
derek68·industryarc.com·
Vanilla Market size Report, 2022-2027
The Countries that Pay the Most and Least for LEGO
The Countries that Pay the Most and Least for LEGO
LEGO set prices differ depending on where you shop. TheToyZone found a 700% difference between the average price of LEGO in the most and least expensive markets.
derek68·thetoyzone.com·
The Countries that Pay the Most and Least for LEGO