Share to Twitter Share to Linkedin Fountain drinks and fuel pumps, prepare for a jolt. The predicted growth of electric vehicles could drive a revolution in the convenience store industry. There are more than 2 million electric vehicles on the road today, and their popularity is taking hold – 45% of new car sales could be electric by 2035 , Reuters reports. California legislators in August approved a plan to phase out the sale of new gasoline-powered cars and light trucks by then, with 35% of sales to take effect by 2026. And the ramifications will likely extend beyond California – other states, including Massachusetts, Washington and New York have set similar goals. This means nearly all of the 12,000 “C-stores” in California alone (Statista) could have the opportunity to become EV-stores, if they add charging stations. (Of the nearly 150,000 convenience stores in the U.S., nearly 117,000 – 80% – sell gas.) And with those charging stations, … [Read more...] about 5 Ways Electric Vehicles Can Reshape Convenience Stores
Representative image Tencent-backed music streaming app Gaana has switched to a paid subscription model to try to avoid closing down after failing to secure fresh funds, according to an email from the company to its music partners seen by Reuters. Gaana, also backed by Times Internet, said in the email that talks with a potential acquirer had also "fallen through". Gaana competes with the likes of Spotify, Apple Music, and Bharti Airtel's Wynk music app in the Indian streaming market, which data firm Statista estimated to be worth $700 million this year. In the email sent this week, Gaana's head of content and partnerships, Sachin Kamble, said the company had not been able to "bring in fresh investments" and sought support for a new paid model of the service. "Now we are at (a) crossroads – wind down/find a way to continue … we have decided to give this another try. Hence, we have closed streaming for free users today and (are) moving to paid only model," Kamble wrote in … [Read more...] about Fighting to survive, Tencent-backed music app Gaana turns to subscriptions
Share to Twitter Share to Linkedin The term “Initial Public Offering” (IPO) is the process of a private company coming to the public market for the first time and offering shares in the business. It’s the ultimate accolade of a small company that can work its way up from nothing to offer ownership to a wider market whilst raising money in the process. Traditionally, these are exciting new companies to look for and analyze. Depending on the size of the offering, the fanfare around it can be deafening and can make investors excited. This occasionally forces those same investors into purchasing shares in a company that they know very little about and haven’t really carried out full due diligence on. Sometimes this turns out to be a huge mistake . According to Statista, the equity returns of IPOs were twice as large as those from NASDAQ investments or even SPAC mergers in 2020, but returns were negative in 2021. However, the share of companies that are … [Read more...] about IPO’s Are Dead. New Companies Via Spinoff Offer Extreme Value in Bear Markets. Here Are 3 Worth Watching.
Share to Twitter Share to Linkedin Bill Catania is the CEO of OneRail . Over the span of less than a decade, I’ve witnessed the delivery of goods and services evolve from an inconvenient afterthought into a powerful secret weapon. I refer to this as the “productization of delivery.” Like following core best practices in your approach to the four P’s (product, placement, pricing and promotion), double-entry accounting or an omnichannel customer experience, delivery has emerged into its own status as a new business pillar. Smart decision-makers can succeed by mastering how they manage delivery across their ecosystem. Delivery is no longer a nice-to-have. The necessity of delivery began somewhere after the Industrial Revolution and the advent of the milkman or Sears catalogs, and it took many twists and turns with the rise of advertising and manufacturing standardization—meeting a few shopping malls along the way—before permanently accelerating … [Read more...] about The Productization Of Delivery
Share to Twitter Share to Linkedin CEO at JLB USA . My agency helps businesses add metaverse capabilities to grow their brand. Promoted as the next big thing in modern tech, the metaverse is a continually evolving and changing space that will truly change marketing in years to come. If you would like to succeed in this new digital and virtual world, your business will have to deploy an effective metaverse marketing strategy that meets the unique demands and preferences of new generations, such as Gen Z. It is imperative to focus on user experience, scalability and digital product rewards. As we see the metaverse's considerable influence on the digital marketing scene, it is likely that passive types of content marketing like infographics, photos and video will become less relevant. This is because a new Gen Z-dominated audience will continue to demand immersive and engaging alternatives. Marketing In The Metaverse Unique marketing … [Read more...] about Marketing Strategies To Break Into The Metaverse
Share to Twitter Share to Linkedin Grocery stores have long been a place where brands battle, but lately, private label has been winning. Retailers from Walmart WMT to Trader Joe’s are pumping it up, and given the post-pandemic economy, inflation, and retailers’ interest in building their own brands, we may be seeing a perfect storm for private label. While Walmart’s private labels reach the most consumers, others are growing their private labels faster. Aldi, Target TGT , and Amazon AMZN own the fastest-growing private label brands based on household penetration, according to Numerator, a data and tech company. Aldi private label household penetration grew by 2.3 percent year-over-year as of the second quarter of 2022, followed by Target’s Favorite Day brand, up 2.2 percent, while Amazon Basics rose 1.7 percent. Private label brands aren’t just big; many are getting bigger. The power of private label Private label itself is nothing … [Read more...] about As Inflation Rages, Retailers Pump Up Private Label
Gmail accounts can now be accessed from within Yahoo Mail accounts. As part of the Yahoo! Mail update, third-party email services, including Microsoft’s Outlook, can now be accessed. There was, however, no Gmail at that time, which is one of Google’s most popular services. According to Statista (an online portal that provides statistics and survey results), Google’s email service has 900 million users as of May. Yahoo Mail is a great alternative to Dropbox Mailbox, which is being shut down by Dropbox in the near future (read more here). How to access it Go to settings on the right side of Yahoo Mail’s desktop version to access Gmail. You can choose Google from the four options available if you open accounts, click on add another account, and click on add another account. In addition to Outlook, Hotmail, and AOL, there are three other options. Sign in with your Gmail password after selecting Google and adding your email address. On the left side panel of the screen, … [Read more...] about “Yahoo Mail” now Allows Access to “Gmail” – How to Access it
The online gaming industry could be worth Rs 1,500 crore by 2024, according to Statista. (Representational image: Priyam Raj via Unsplash) A panel of state finance ministers on taxation of casinos and online gaming on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The Group of Ministers (GoM) headed by Meghalaya chief minister Conrad Sangma said, "After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all members, we will take legal opinion before submitting the final report". The GoM on casinos and online gaming taxation is likely to finalise its report in 7-10 days, he said after the meeting here. The panel in an earlier report had proposed to the GST Council to levy 28 per cent GST on gross sales value as horse racing, online gaming and casinos are akin to betting or gambling. Sources said the GoM is open to considering different rates and valuation mechanisms for online gaming, … [Read more...] about GoM on casinos, online gaming taxation likely to finalise report in 7-10 days
Samsung has leapfrogged its rivals, shipping about 9 out of every 10 foldables globally. It’s 6 pm and I’m stretched on the pool deck in my beach villa at the Kandima Maldives. I didn’t just catch a splendid Maldivian sunset but also dashed off a couple of emails with one half of my smartphone display doubling up as a touch keypad. That’s not the only time when I’m glad I left my tab behind on a short ‘bleisure’ trip. Earlier in the day, the Samsung Galaxy Fold 4 also doubled up as my eBook reader as I flipped through Like, Comment, Subscribe: Inside YouTube's Chaotic Rise to World Domination with the Fold’s clever black screen mode with white text for a reading experience that was easy on the eye. Samsung in pole position It's tough to imagine how foldable smartphones went mainstream given their initial teething issues. The numbers confirm the story. Statista forecasts that the foldable smartphone segment will explode from its 0.6 million global sales numbers to a … [Read more...] about How foldable smartphones transitioned from the drawing board to the board room
Share to Twitter Share to Linkedin The US tech industry seems to be unstoppable. In fact, it is the most valuable tech industry in the world. According to CompTIA, in 2022, the US tech market will represent 33% of the global market share – or approximately $1.8 trillion. The European technology industry is a dwarf in comparison to America's FAMANGs- – Facebook, Amazon, Apple, Microsoft, Google and Netflix , which are worth approximately $6 trillion. Europe's tech companies as a whole are worth about 30% of any one of the Big 4 American firms. SAP, by far the largest European technology corporation, is worth around 14% of Amazon or Microsoft. Only SAP makes it into the Fortune 500 in the Technology sector. But why are we seeing this trend? What makes the US tech market so much more valuable than counterparts in European markets. Federal research labs and Government grants accelerated core research across the US that helped to create new technology … [Read more...] about Can Europe Dominate In Innovation Despite US Big Tech Lead?