Believe
This Retailer Is Doing So Well It’s Opening Hundreds Of New Stores For The Third Straight Year
Source: http://www.businessinsider.com/dollar-general-retail-expansion-2012-1
Dollar stores are booming in a struggling economy, and one of the big boys of the industry is doing so well it’s planning another period of explosive growth, reports Gail Hoffer and Drug Store News.
It will open 625 stores and hire around 6,000 employees over the course of 2012. The discount chain already has about 9,800 stores spread across 38 states, and some of the new stores will be in previously unoccupied states California and Massachusetts.
Dollar General has adopted an aggressive growth strategy since the start of the recession. This marks the third straight year it has opened hundreds of new locations, and the chain has created more than 21,000 jobs since 2009.
It’s not all about the economy though. Dollar General had to be smart in its expansion strategy too — after all, Walmart is its biggest competitor, and the world’s largest retailer has had similar success recently.
It thrives on hitting markets that Walmart hasn’t taken over, such as small towns that can’t support one of Walmart’s massive big box stores. It also competes with the other big dollar store chains, like Family Dollar. The hybrid concept — somewhere between a giant discounter and a small dollar store — has worked admirably.
Plus, while dollar store marketing plays a significant role in getting people through its doors, Dollar General is actually also a clear leader in price over both Walmart and its dollar store compatriots.
NOW SEE: The 20 Brands With The Most Loyal Customers >
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You Won’t Believe How Big This Profitable 5-Person Startup Is
Source: http://www.businessinsider.com/you-wont-believe-how-big-this-profitable-5-person-startup-is-2011-11
We recently met with Adrian Constantin, the founder of video startup TV Links.
TV Links is a video aggregator and search engine, serving up videos from hundreds of sites, similar to US startup Clicker.
It’s not the most innovative business in the world, but here’s what you should know about it: it’s bootstrapped, profitable, it claims 37 million monthly unique visitors, and it has only 5 employees.
TV Links is not just impressive, it’s interesting because it’s a combination of two important trends: globalization, and the extreme capital efficiency of online businesses.
Globalization: the company has developers in Romania, servers in Spain and in the US through Amazon, and most of its users coming from the US, UK and Canada.
Extreme capital efficiency: the company basically outsources everything: hosting, advertising and even some development.
TV Links’ one weak spot is that it gets the vast majority of its traffic from Google and so will live and die by SEO. But the company has ambitious plans; it’s even starting to produce its own original video.
We once wrote that Instagram is the future of startups in part because of its extreme capital efficiency: it has over 10 million users and half a dozen staff (the other reason is distribution via app stores and social media). TV Links is another example of this extreme capital efficiency; unlike Instagram, it gets distribution through the more “traditional” medium of search engines, but unlike Instagram it’s also profitable.
This new reality has broad implications beyond startups. If you’re wondering about the sky-high valuations of companies like LinkedIn or Twitter, part of your calculus should also take into account the fact that it’s now possible to build these very efficient businesses with huge global markets, something which wasn’t possible 10 years ago when “clouds” were still things in the sky and the internet population was counted in millions, not billions.
We will see many more of these ultra capital-efficient, globally-distributed online businesses in the future.
MORE: Why Instagram Is The Future Of Startups →
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The US Consumer Has Saved The Day
Source: http://www.businessinsider.com/chart-of-the-day-construction-of-gdp-over-time-2011-10
This is a big, beautiful chart of GDP since 2007 put together by Doug Short.
In addition to showing GDP, it also makes it very easy to see the components, and how they have broken down each quarter.
Two things stand out in the current quarter.
First is that the consumer — the blue bar — really stepped it up in a big way, fueling the lift.
The other thing that stands out is that government consumption, purple, stopped being a drag on things.
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- CHART OF THE DAY: Here’s The Good News On House Prices
- CHART OF THE DAY: Serious Question: Does The Euro Even Care About What Happens In Europe?
- CHART OF THE DAY: You Won’t Believe Much The Homebuilder Stocks Have Rallied
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Holiday 2009 Spending Comeback
Believe it or not, that’s what the latest data shows: The economy is bouncing back, or at least, retail spending is. The trend is clear especially in electronics, where spending has skyrocketed from a little above $160 to almost $190.
That figure is the average spending per user, post-Black friday. The main winners were Best Buy—with a 18.3% year-over-year growth—and Fry’s—with a 12.2%. No only that but, spending in the high end retail has also increased, reverting a negative trend.
Great. Now all those people without a single penny in the bank will be able to be rejoice. [Mint]
Digital Consigliere
Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.
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