Why Vineyards Are Tearing Out Vines

A wine glut is prompting grape growers in California to tear out vines that have been in production for decades.

This vine reduction is part of a wider phenomenon of oversupply around the world, as more and more countries, such as Australia, have joined the wine industry at the same time as demand from consumers has dropped.


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By |2024-04-24T06:45:31+00:00April 24, 2024|Tags: , |

Excess Capacity in Movie Theaters Leads to New Product Offerings

Theater chains hope 4DX technology will provide a one-of-a-kind immersive experience to entices viewers back from online streaming.

Offering 21 different sensory effects, such as moving seats, wind, fog, lighting, vibration, and various scents, these special theaters bring the viewers right into the action and offer a ray of hope for the movie theater business.


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Macy’s Makes Difficult Location Planning Choices

As U.S. department store retailer Macy’s continues to struggle, its new strategy involves closing 150 of its 500 namesake stores by the end of 2026.

The closures include its flagship 400,000 square foot location in Union Square, San Francisco, that opened in 1929.

Difficult location planning choices are being made to try to forge a profitable future for the 165-year-old stalwart in the retail industry.


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Walmart Refocuses Innovation Strategy

Since opening an innovation hub known as Store No. 8 in 2017, Walmart has incorporated resulting new ideas (e.g., in-home delivery and text/voice shopping) into its operations.

The closing of Store No. 8 signals Walmart’s strategies to rein in high inflation by trimming expenses and shifting innovation to local teams.


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By |2024-02-28T20:02:27+00:00February 28, 2024|Tags: , , , |
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