article thumbnail

How We Learned (Almost) Everything That’s Wrong with U.S. Census Data

Harvard Business Review

These days, for studying anything related to online, 2013 is ancient history. Scratching our heads, we saw the Census tables showed that general merchandise stores — which is where they code Wal-Mart — had only $88 million in online sales in 2013. Worse, though, was when we looked at the published statistics.

article thumbnail

Why Tesco’s Strengths Are No Longer Good Enough

Harvard Business Review

If round after round of profit warnings was not enough – group operating profits fell 20% between 2011 and 2013 and are likely to fall another 30% in 2014 — the company recently announced it had overstated its first-half profit by about $400 million. UK retail, like the rest of the developed world, is witnessing a few big long-term trends.

Retail 11
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Know When to Kill Your Brand

Harvard Business Review

But as Netflix and online media channels developed, Blockbuster was no longer unique in fulfilling that purpose, and the way it fulfilled it became anachronistic. The owners of Service Merchandise and Woolworth’s have both benefitted from this line of thinking.

Brand 8
article thumbnail

How the Internet Saved Handmade Goods

Harvard Business Review

Since achieving first-year sales of $175,000 in 2006, it has increased that number by four orders of magnitude: in 2013, Etsy sold $1.35 billion in merchandise. In 2013 alone, Kickstarter users funded nearly 20,000 projects and committed nearly $500 million. Etsy charges a 20-cent listing fee per item and takes a 3.5%

article thumbnail

Ethical Consumerism Isn’t Dead, It Just Needs Better Marketing

Harvard Business Review

Now that the general idea of combining ethics and shopping has become a mainstream concept, there is a developing a backlash against the idea that consumers might effect change through their purchasing habits. billion in the US alone in 2013 according to Charity Navigator). Billions are given to charity every year ($ 335.15

Ethics 8
article thumbnail

What Happened When Linkin Park Asked Harvard for Help with Its Business Model

Harvard Business Review

Jessica Sklar, then the band’s intern and now Machine Shop’s Chief Strategy Officer, evolved the online discussions into in-person meet-ups and events at concerts, developing what came to be known as the “Linkin Park Underground.” of course). So they began to prepare for their next decade. Beyond Music.