Founded in 1945 by Leonard Shoen, U-Haul has grown from humble beginnings into the number one moving and storage provider in the United States. Headquartered in Phoenix, Arizona, U-Haul operates as a subsidiary of the parent company AMERCO and employs around 19,500 nationwide. Bolstered by increased demand for self-moving rentals and storage services, U-Haul generated $4.23 billion in revenue in …
Founded in 1995, Lovesac has grown from a fledgling startup into a leading furniture retailer known for its innovative modular seating. Based in Connecticut but with over 150 showrooms nationwide, Lovesac has become synonymous with its customizable, interchangeable upholstered foam seating systems called Sactionals. Sactionals consist of two basic components – seats and sides – which connect through a patented …
Once the king of movie rentals with over 9,000 stores worldwide, Blockbuster’s dramatic fall from dominance is a cautionary tale of failing to innovate and adapt. Though Netflix’s rise is often blamed, Blockbuster’s downfall was years in the making through fateful missteps. Most crucially, it passed on buying Netflix for $50 million in 2000. While skeptical of DVD mailing rentals, …
Pottery Barn is a leading home furnishing retailer renowned for its exclusive designs and premium quality products. Founded in San Francisco in 1949, Pottery Barn has grown into a prominent brand with over 195 stores across the US, Canada, and Australia. After being acquired by Williams-Sonoma, Inc. in 1986, Pottery Barn expanded its offerings to include Pottery Barn Kids in …
Shutterfly, LLC, a prominent American photography company, based in the vibrant city of Redwood City, California. Founded in December 1999 by visionary minds Eva Manolis and Dan Baum with a focus on social expression and personal publishing. In 2004, the company started acquiring other companies. Notable acquisitions by Shutterfly include Tiny Prints, Spoonflower, ThisLife, GrooveBook, MyPublisher, and more. The Shutterfly …
Packaging plays a pivotal role in our day-to-day lives, often going unnoticed but silently fulfilling its purpose. From the moment we wake up until we retire for the night, we encounter it in various forms, from the toothpaste tube we squeeze in the morning to the food containers we store leftovers in. Over time, manufacturers have evolved significantly, adapting to …
Facebook (Meta) has been expanding its services from social networking to FB Watch, Gaming to Reels. However, another significant addition to its overall business model came in 2016 with the launch of Facebook Marketplace. It allows individuals and e-commerce businesses to sell and buy in a convenient and easy-to-use marketplace. In this article, we will look at the guidelines, features …
Do you know the failure of your firm and key to success is dependent on your business development strategy? It is the roadmap you will use to develop your firm’s longer-term plans. As an entrepreneur, you’re always looking for new ways to grow your business and achieve new levels of success. A vital part of your business development strategy is …
Every business wants to stand out and make products and services more appealing to its target audiences. Product differentiation allows you to gain a competitive advantage over your competitors. There are several ways for differentiation which are not limited to premium quality, unique corporate culture, a well-defined niche, and excellent customer service. What is Product Differentiation? Product differentiation is a …
Over time, every company wants to expand its product range. Some companies try to develop new products to its portfolio, while others develop the extension or remake of the existing products. A group of related products constitutes a product line, and the combination of different product lines makes the product mix, which is owned by the parent brand. For example, …
