WALMART TRIES HAND AT SECONDHAND FASHION
Walmart is taking a big step into the circular economy by teaming with thredUp, the largest used-fashion reseller. This online partnership will offer nearly 750,000 children’s and women’s pieces—all certified to be in “new or like-new condition.” Younger shoppers, who have a desire to both save money and find “something special,” are driving this resale fashion trend. Recent thredUp research found that 70% of shoppers have already purchased or would purchase secondhand fashion.
LOWE’S INTRODUCES THE VIRTUAL REPAIRMAN
With the introduction of its new AR tool Pros JobSight, Lowe’s is shaking up the contractor repair business. This new app-based tool will let electricians, plumbers and other contractors “troubleshoot problems with homeowners—without an initial visit.” Contractors will be able to work with the homeowner to diagnose problems, identify needed parts and compile other intel to make the actual repair visit more efficient. In some instances, the contractor can even walk the homeowner through a repair themselves. It will be interesting to see how much time this tool will save contractors and potentially how much savings it can offer homeowners.
RESTAURANTS MOVE TO MEAL KITS DURING PANDEMIC
We’ve seen many restaurants get innovative during the lockdown, moving beyond just takeout to include grocery and essential item sales. Some restaurants have gone a step further by getting into the meal-kit business and sending the raw ingredients for their products to customers’ homes. It’s an interesting cost-saving move with many kitchen staffs on furlough, and it also removes the risk of prepared food being delivered cold or otherwise damaged in transit. While these kits allow restaurants to tap a new source of income during the lockdown, it will be worth watching to see if they continue offering the kits in competition with grocery and other services once the lockdown ends.