Behavioral Economics – Popularity of this field is in part a triumph of marketing.

Behavioral Economics Behavioral Economics Behavioral economics seems to have captured the popular imagination. Authors like Michael Lewis write about it in best sellers like “The Undoing Project,” while pioneers of the field like Daniel Kahneman popularize it in books like “Thinking, Fast and Slow.” Its lexicon of “nudging,” “framing bias” and “the endowment effect” has become part of the vernacular …

Bad Habits – Habits and routines are powerful. They help us every day, freeing up brain space

Bad Habits Bad Habits – Habits and routines are powerful, but not every habit is good, and not breaking a bad one can hold you back from success. Bad Habits If you’re struggling to overcome certain vices, take some inspiration from Bill Gates, Elon Musk and Mark Cuban. The three billionaires are successful now but have all had to quit common bad …

Amazon's Black Friday

Amazon’s Black Friday – working inside a fulfillment center can be grueling

Amazon’s Black Friday Last year, shoppers spent $7.9 billion on Thanksgiving Day and Black Friday. An additional $6.59 billion was dropped on Cyber Monday. This year, Black Friday sales alone are expected to jump to $9.1 billion. And one retailer dominates these sales: Amazon. Amazon’s Black Friday Last year, Amazon accounted for 45 percent of all Thanksgiving Day online purchases and 60 percent of …

Dark Store Theory – After the Retail Apocalypse, the Property Tax Meltdown

Dark Store Theory Big-box retailers are slashing their property taxes through a legal loophole known as “dark store theory. Many towns rely on that revenue   Dark Store Theory WEST BEND, WI—Kraig Sadownikow doesn’t look like an anti-corporate crusader. The mayor of West Bend, Wisconsin, stickers his pickup with a “Don’t Tread on Me” snake on the back window, a …

Singles Day Sales – How Singles’ Day Became Biggest Shopping Spree Ever

Singles Day Sales Workers distribute express parcels at a logistics centre of China Post Singles Day Sales Singles’ Day is the world’s biggest shopping event. In less than a decade, Alibaba Group Holding Ltd.turned a quirky celebration for unmarried young adults in China into a global extravaganza drawing in thousands of retailers and hundreds of millions of shoppers of all ages …