Last week Starbucks announced the acquisition of Teavana Holding Inc. (“Starbucks Announces Agreement to Acquire Teavanato Globally Transform Tea Industry”) and the end of the current Food and Beverage industry. Teavana is a specialty Retailer that offers teas and tea-related merchandise. This announcement is a death sentence for traditional food and beverage companies such as Kraft (Mondelez), PepsiCo, General Mills and Kellog.
The footprint and space experimentation in Retailers has expanded significantly over the last ten years. Store spaces have become a more intimate experience with subtle lighting and assortments arranged by function (e.g., meals or activity (e.g., Running)) rather than product category. Self-service kiosks have played a strong role in expanding product assortment due to enhanced functionality. They also play a growing role in new product experimentation and freeing up shelf-space. According to an IHL report, kiosk sales will exceed $1 trillion dollars in North America by 2015.
Presidential incumbents have the unenviable position of being just that. All the sins of the past are placed at their feet. It's up to them to reap what they have sown, good or bad. Their opponents are more than happy to help them. With a high rate of unemployment, the Obama camp must employ some very creative tactics.
Go slow to go fast. Something Penney's new CEO might have considered when taking dramatic changes to regain Lasting Connections with customers.
Facebook with hundreds of millions of members is potentially the most diverse database of information on the planet today. The company has the unique opportunity to mine petabytes of completely unique user data and information. That data contains:
Apple has released the latest version of the killer tablet. iPad has all the things that I say make it the killer device
Rumor continue to swirl about Amazon's entry into the high-end tablet market with its latest Kindle release. No, I don't have one nor have I had a chance to play with it yet. Yet I would urge the good folks at Amazon to let the Revolutionary Innovator see how far the device can be stretched :)