While there is nothing trivial about retail, there’s a great deal to be learned from retail trivia. Here are four fun facts that offer important lessons for retailers and suppliers alike.
Did you know that Walmart, Target, K-Mart and Kohl’s all opened their first stores in 1962?
All four retailers got their start 53 years ago and all are still in business. While each brand has worked hard to develop its own unique niche, all of these stores are known for offering products at low prices to their customers.
Did you know that, of the top-five U.S. brick-and-mortar retailers in 1990, only Walmart and Kroger make the list today?
In 1990, the top five traditional retailers in the U.S. included Walmart, K-Mart, Sears, American Stores and Kroger. American Stores was eventually acquired by Albertson’s, and K-Mart purchased Sears in 2005. K-Mart and Sears have dropped off the list, as they’ve struggled to remain relevant in a rapidly changing retail environment. Kroger and Walmart continue to do battle in the ultra-competitive grocery segment.
Did you know that Catapult is the most innovative fitness company of 2015 and has grown sales by 70 percent since 2014, according to Fast Company?
Catapult has developed a sensor system that monitors and records the performance of elite athletes in real time. Athletes don’t have to go to a lab to have their vitals and movement efficiency tracked. Instead, they can wear a device as they train, practice and participate in events.
Did you know that, according to the Craft and Hobby Association, 62.5 million people participate in crafts in the U.S., with 23 million participating in scrapbooking/card making/paper crafting?
The digital revolution hasn’t reduced all the demand for paper, apparently. Scrapbookers love to cut and paste, creating gorgeous, one-of-a-kind albums to showcase family memories.