Toys ‘R Us is Looking to Make a Major Comeback by Christmas

Written by adminJuly 2, 2019
Business , Credit & Debt

It’s not very often that a business can come back from the dead and is resurrected from the ashes. Toys “R” Us might be the very business that does that. This company is taking a beating over the past decade as Amazon and Walmart have fired up their online sales taken a massive chunk out of their profits.

Any of the current major retail businesses that have gone under did not learn to adjust their business model. They just fell behind the massive change that was taking place within the world of retail. Customers were seeking something that was more convenient. Toys “R” Us decided not to change your model and hurt them in the end.

But consider this redemption story. Toys “R” Us is learned from its mistakes and now wants to return into the fold. They very much have a new plan for tackling new sales and bringing an all-new audience at the perfect time for the 2019 Christmas season. Toys “R” Us is looking to revamp the entire image offering the same convenience you’ll find at other thriving stores.

Toys “R” Us Plans and New Model

Before, Toys “R” Us was just a huge box store. They really offered nothing to invite families with kids through their doors. The place really was just way too big and offered very little convenience. This is what appears to be changing their new stores. The only plan to be about a third of the size of the old ones, at about only 10,000 square feet.

Cutting down on size will allow for them to save money and offer the toys that parents are most likely to buy. They also want to up the Toys “R” Us experience. They want to include play areas and other experiences for children selection you want to come to a Toys “R” Us store and be able to have fun while parents shop.

They even want to change their sales model into more of a consignment form. If you want to sell your toys through Toys “R” Us, you won’t get paid until customers buy your products. This is a new approach against the old outdated model that cost the company a lot of money. It all boils down to the new owners and their plan to get Toys “R” Us back on track.

New Owners

Tru Kids, Inc is the company that took over Toys “R” Us earlier in the year. They believe that the company still could make a comeback if it was just revamped and the model changed. The new executive of the company and CEO of Tru Kids is Richard Barry, who spent the past few months pitching his new ideas to toy manufacturers in conferences.

Even plan on putting out a brand-new website that has a lot of the same features as you would find with Amazon or Walmart. In the new modern technological age, you must provide new experiences, especially when children are involved. Whether these new techniques will be hit is unknown until the 2019 holiday season.

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Tesla Develops Proprietary Batteries in Secret Lab

Written by adminJune 27, 2019
Business , Technology

Tesla aiming to manufacture their own battery cells to reduce dependence on Panasonic.

According to five current and recent employees, Tesla is designing the means to manufacture their own battery cells en masse. This is in spite of an extensive partnership deal signed with Panasonic, who have been making battery cells for Tesla since 2014.

It’s no big secret that the battery pack and battery cells are by far the biggest cost component of Tesla’s electric vehicles. This development will definitely help to lower the cost of production on Tesla’s electric vehicles while cutting out data and resource sharing with any outside vendors and partners.


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Earlier this month at Tesla’s annual shareholders meeting, CEO Elon Musk admitted that the company had been “battery-constrained”. What this means is that Tesla’s shortage of batteries limited their production and sales of their electric vehicle and storage systems such as their Powerwalls and Powerpacks.

If Tesla can pull this off, that would complete their vertical integration as they would be developing, manufacturing and selling their own product. They would be hard-pressed to scale their manufacturing process for these battery cells as they continue to struggle to do the same for their vehicle production.

The “secret lab” in question

Tesla currently makes most of its batteries at the Gigafactory in Sparks, Nevada, which it jointly owns with Panasonic. In light of Tesla researching their own battery option, it makes sense that they would divert resources to a separate facility.

The battery research and development division is located at the Tesla’s Kato Road facility a few minutes drive from the company’s car plant in Fremont, California. There, Tesla aims to design prototype advanced lithium ion battery cells, as well as develop processes that will allow mass production once it’s ready to go to market.

Even if Tesla is successful in developing this new battery, this does not mean that they will cut ties entirely with Panasonic. Tesla employees that are kept apprised of supplier negotiations say that the company will be working with Panasonic and LG in producing the batteries that will go into the first vehicles manufactured at the new Shanghai factory. The new factory is slated to be operational by the end of the year, and initiate mass production in 2020.

Tension between partners

This initiative to bring battery manufacturing in-house has been public knowledge for a while now. At Tesla’s annual shareholder meeting in June, Musk encouraged investors to place their focus on two company priorities, namely complete self-driving vehicles and scaling battery production.

On the latter point, he dropped no details however on how he intended to do so, including the reason for the $218 million acquisition of energy tech company Maxwell Technologies back in May this year.

Tesla CTO JB Straubel said that,” We’re taking all the moves required to be masters of our own destiny here. I think through all the experience we’ve developed with partners and otherwise, we will have solutions for this.”

His comments follow reports of tension between the two companies. In January this year, Panasonic made a deal with Toyota to build car batteries together in a joint venture. A few months later in April, Panasonic said it would temporarily freeze their investments in Tesla Gigafactories.

Musk hit back a few days later, blaming Panasonic for delaying Model 3 production by lowering capacity, threatening to pull financing until cell line capacity was brought up to speed.

Panasonic seems to have come out on top though, as in recent years many Tesla employees have been moving over to Panasonic, lured by better compensation, clear policies on schedules and time off. As for Tesla’s aspirations on battery production, only time will tell.


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The US Economy Anticipates Slowdown Following May Jobs Report

Written by adminJune 10, 2019
Business

Investors get slammed with bleak jobs report, and might be a sign of things to come.

On the heels of the limp report that hit the newswires this morning, JPMorgan Chase banking economist Jim Glassman had this to say, “This is a new era for the economy, you cannot expect to get 200,000 new jobs a month forever in a fully-employed economy and when the working age population is growing by 65,000.”

It would be a hard pill to swallow for investors, as well as the market to get used to the idea of an economic slowdown. This new reality is made manifest by the trade wars that hurt US businesses, an aging economy and tepid population growth.


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US Economy Sputters

Job growth slowed more than expected in May, while unemployment held steady at a 50-year low. The jobs gain was about 75,000, falling far short of the market forecast of 175,000. However, the loss of jobs in key sectors of the economy paint a far more drastic picture.

The six sectors that posted the largest jobs losses were non-durable goods, retail trade, transportation and warehousing, information, government, and repair and maintenance services.

The biggest loser was government, where 15,000 jobs were cut. The total loss of 19,000 jobs at the state and local level was partially offset by the 4,000 gain in hiring. This represents a swing of 34,000 lost jobs after 19,000 jobs were added in April. Now most of that progress has been wiped clean off the table.

The retail industry continues to bleed jobs, , posting a loss of 7,600 jobs in May, which is slightly better than March and April when the industry lost 14,800 and 13,600 jobs respectively. This brings the total jobs lost for the retail industry to 160,000 jobs since January 2017.

Taking in the big picture, a big concern was the steep cuts to prior job predictions. April’s predictions were cut to 224,000 from 263,000, and March’s numbers were revised to 153,000 from 189,000 previously. The average job gains came up to 151,000 over the past 3 months, which comes up short against the blistering 200,000 plus jobs created in the same time period in 2018.

Trade Wars to Blame for Slump

The report comes in the wake of escalating trade wars with Mexico and China. This has spooked markets and undermined the growth outlook. Some Wall Street economists say that this bleak jobs report is a sign that the end of the business cycle is approaching.

The US economy is close to approaching 10 years of sustained economic growth, but the six sectors that are declining only strengthen the argument that the economy is showing early signs of moving back into a recession state.

Strategists at Allianz flat out said in an email note that the US economy is near the end of its expansionary business cycle. The Dow Jones Industrial Average hopes to challenge this outlook, as it surged more than 270 points in early trading this morning in hopes that the trepidation in the labor market would encourage the Federal Reserve to cut interest rates.


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Should You Consider Becoming a Franchisee?

Written by adminJune 8, 2019
Business

If you’re one of the many who are in the beginning stages of opening your own business, you might be considering your options.  One of those options may be whether or not you’d be successful at becoming a franchisee. If this is the case, there are several questions you must ask yourself before getting started.  Of course, some are better candidates than others.

There’s a mindset that exists amongst potential franchisees that moving in this direction means they receive a ‘business-in-a-box’ so to speak.  As if all the directions come with the toy, giving them a false sense of security. There’s much more to it than paying the fee and obtaining a loan from the bank.  Let’s take a quick look at what qualities a successful franchisee must possess.

1) Give up the ego.  

When you decide to start a franchise, it doesn’t matter how many years you have in the business or if you think you know more than your franchiser.  Reality is, you are buying into their product and their system. Even though you get a stake in the success of the business, it still belongs to them, which means they make the rules of how it’s operated.  To be a successful franchisee, you must consider if you’re okay doing things their way, even if it goes against what you think is the ‘right way’. If you don’t think you can handle that, it’s probably not for you.

2) Do you have a professional background?  

A good franchisee candidate typically has a background in professional system-based work and performed well at what they did.  It shows not only your professional nature, but that you have a high rate of success, even if you’ve had a disagreement with your boss.  Those good in marketing, military veterans, and salesmen typically do well at becoming a franchisee.

3) Great at accepting feedback.  

This goes along with number one.  If you are good at following the rules and work well within a structured environment, you may be a good candidate.  They do their best to refrain from conflict and don’t mind taking appropriate feedback to keep within the boundaries set by the franchiser.   

4) Great hiring skills.  

You are the most successful only when you surround yourself with the most qualified people for the job.  Often times, franchisees only hire candidates that are just marginally qualified based upon the available capital.  That may help the budget, but the system only works when the franchisees care as much about quality as they do quantity.  Turning people down who aren’t quite right for the job helps the industry.

5) Knows how to market appropriately.  

A lot of franchisees get too excited too soon.  They set out to prove themselves and market too heavily without taking into consideration the fact that most don’t make a dime the first year.  Odds are, you won’t be making money right off the bat, even under the most popular of brand umbrellas.

There are a lot of people who just aren’t right for becoming a franchisee.  They jump right in without considering if they’re right for the job. It should be up to the franchiser to turn them down, but often they don’t choose the right candidate due to the financial windfall of franchising their business.  If you stay smart with your money, know how to hire the right candidates, don’t overdo the marketing, and follow the rules well, you should be on your way to growing a successful business.

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Smart quote post

Written by adminMay 17, 2017
Business

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Fullwith post

Written by adminMay 17, 2017
Business

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Praesent eu massa vel diam laoreet elementum ac sed felis. Donec suscipit ultricies risus sed mollis. Donec volutpat porta risus posuere imperdiet. Sed viverra dolor sed dolor placerat ornare ut et diam. Aliquam quis nunc quam. Maecenas feugiat dui venenatis dui convallis, a consectetur quam ornare. Proin eleifend, tellus in interdum malesuada, eros purus mattis augue, in auctor nunc ligula vel metus. Duis congue, lacus quis viverra egestas, felis elit imperdiet lorem.

Praesent eu massa vel diam laoreet elementum ac sed felis. Donec suscipit ultricies risus sed mollis. Donec volutpat porta risus posuere imperdiet. Sed viverra dolor sed dolor placerat ornare ut et diam. Aliquam quis nunc quam. Maecenas feugiat dui venenatis dui convallis, a consectetur quam ornare. Proin eleifend, tellus in interdum malesuada, eros purus mattis augue, in auctor nunc ligula vel metus. Donec volutpat porta risus posuere imperdiet. Sed viverra dolor sed dolor placerat ornare ut et diam. Donec volutpat porta risus posuere imperdiet.

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