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How They Built Billion-Dollar Retail Empires

How They Built Billion-Dollar Retail Empires

by Michael Somanje | Jun 5, 2023 | Amazon, Retail, Walmart

When asked about their on-court success, many elite athletes – especially basketball players – will credit these two things: watching Michael Jordan play, and being inspired by Kobe Bryant’s mentality (aka the “mamba mentality”).   Why mention this fact?   ...
How Walmart’s Growth Plan Will Transform The Way We All Work

How Walmart’s Growth Plan Will Transform The Way We All Work

by Michael Somanje | May 23, 2023 | Retail, Uncategorized, Walmart

Did you know Walmart will add $130 billion dollars to its annual revenue over the next five years? To accomplish this goal, it will offer new products and services. It will also alter its operations, which will fundamentally change the way you work with them.  ...
4 Things Vendors Should Know to be Successful at Target

4 Things Vendors Should Know to be Successful at Target

by Michael Somanje | Apr 11, 2023 | Brick & Mortar, eCommerce, Retail, Target

Whether you are a current Target vendor or are seriously considering placing products in this retail store, you must understand both Target’s historic and forward-thinking retail strategies to have success. Not altering your strategies may mean missing out on sizable...
What New Entrepreneurs Need to Know About the Retail Industry

What New Entrepreneurs Need to Know About the Retail Industry

by Michael Somanje | Mar 30, 2023 | Retail

The world of big-box retail and consumer packaged goods (CPG) is large and complex. It can seem like an unscalable summit, especially to those of you who are brand-new entrepreneurs with a big idea for a product you want to sell in stores. There has also been an...
2 Ways Costco Builds Strong Member Loyalty

2 Ways Costco Builds Strong Member Loyalty

by Michael Somanje | Mar 16, 2023 | Brick & Mortar, Retail

Costco Wholesale is a leader in the club channel and the third-largest retailer in the US. Its members have an almost fanatical level of loyalty to the company, leading to a 92.5% membership renewal rate in the US and Canada. You may be wondering how Costco has earned...
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