MANDEVILLE, LA. — National retailers Five Below and Ross Dress for Less have joined Northlake Shopping Center, a 166,371-square-foot retail center located at the intersection of Louisiana Highway 22 and U.S. Route 190 in Mandeville. Situated across Lake ...

Five Below, Ross Dress for Less Join Tenant Roster at Northlake Shopping Center in Mandeville, Louisiana

five-story 95-unit condominium complex is rising at U.S. 1 and Donald Ross. The new owner, Bucksbaum Properties LLC of Chicago, specializes in urban infill retail properties. It closed the deal in September for the 111,361-square-foot center spread out ...

How Juno Beach is growing: 'Downtown' shopping center in need of facelift sells for $27M

There are nearly 27 million ecommerce stores worldwide today. Meanwhile, the average shopper’s attention span has dwindled to less than five seconds — muddling the purchase decision funnel in a highly saturated market. Retailers are eager to understand how to win the diminishing attention of consumers, and then turn that attention into sales.

Virtual stores drive sales for 88% of retailers

Retailers and lawmakers gathered in Washington on Thursday to discuss the future of the Combating Organized Retail Crime Act of 2023.

Ross Shoplifters Mug for the Camera as Cops Arrest 2 in $12,000 Jeans Theft at Kohl’s

Tuya Smart, a leading global IoT developer service provider, invited PingWest to a sponsored tour in Thailand. We had a visit to its local partners, including telecom giant T3 Technology and SCG, a business conglomerate known for its cement and building materials business in the Association of Southeast Asian Nations region.

Regional market, universal matters: a close look at Thailand’s emerging IoT markets

When Buena Park-based Asian grocery chain 99 Ranch Market signed a 15-year lease to open a new store in a former Vons in Tustin, the landlord anticipated the store would perform better than previous tenants, Value Rock Realty Partners Senior Vice President Dennis Vaccaro told the Orange County Business Journal.

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A multi-agency investigation resulted in the recovery of around $1 million in stolen retail items from several stores in Stockton, according to the California Highway Patrol

$1 million in stolen retail items recovered from Stockton home

The average store-only credit card charges a hefty 30.24% interest rate, and co-branded credit cards – those that pair a bank credit card with a retailer – charge 27.64%, according to a new report from Bankrate, a consumer financial services company.

Retail credit cards hit 30% APR as holiday shopping season starts

Get the most recent info and news about Ross Stores on HackerNoon, where 10k+ technologists publish stories for 4M+ monthly readers.

Ross Stores

An interview with Steven Sashen, one of the in the United States, and CEO of one of the fastest growing companies in America. fastest Masters sprinters WHAT DO YOUR INSTINCTS SAY? “I have a lot of opinions about what will and won’t work, but I don’t care what I think.” This quote from Steven Sashen, CEO of , Inc., may sound strange, especially since his guidance has placed the company on Inc.’s 5000 list every year for the past six years. This is an honor only five in 10,000 businesses manage to earn just once. With 283% growth over a three-year period, no one would be faulted in believing that Sashen’s theories and intuitions are at the heart of Xero Shoes' success. Feel the world Sashen even attributes all of his good fortune to luck. He felt lucky when he met his primary business partner and future spouse, via a chance meeting at a friend’s party. He felt lucky when he discovered his future product officer, via a chance meeting while walking his dog. He felt lucky when his company gained massive attention, via two appearances on Shark Tank. Not one to discredit luck, as I have seen the role it plays in everyone’s lives, I realized that once the armor of gratitude and humility are stripped away, it was Sashen’s dedication to testing, analysis, and hard number crunching that enabled his business to survive and thrive in a realm dominated by names like Nike, Adidas, and Reebok. This strict adherence to empirical evidence, hard math, and realistic, reasonable scrutiny have enabled Sashen to make all the right decisions with a concept, manpower, finance, and marketing. DOES ANYONE WANT THIS? A common characteristic among , and most creative people for that matter, is holding their creations in incredibly high regard. This is understandable. When people put a lot of time, energy, and passion into something, they often view it as their baby. Sashen says that there are a lot of ugly babies out there, unfortunately. Any business or product must justify its existence beyond the love held by its creator. Emotion must be removed from the equation. As Lena Phoenix, President of Xero Shoes said, entrepreneurs “There’s no reason for another shoe company on the planet, there’s more than enough, unless what you’re doing changes people’s lives.” It is clear that their business passes this test. Sashen and his team took their shoes onto the show, “Shark Tank”. Despite turning down an offer, the exposure catapulted the company to new heights, with 270,000 concurrent visitors on their site the night the show aired, and 3 months' worth of sales in the following week. Utilizing natural movement technology and a 5,000-mile sole warranty, 40% of business is comprised of returning customers. With their shoes adorning the feet of big names like Billie Eilish and countless professional athletes, Sashen ensured that their product had the demand to grow. As their Chief Product Officer, Dennis Driscoll stated, “Xero Shoes are genuine, legitimate. We don’t need to create ways to differentiate our product… it actually IS different!” This was a man who worked at the highest levels at Crocs, Converse, and Doc Martens. The product was so good that Driscoll came out of retirement to join Sashen’s team. Xero Shoes is where it is today, simply because Sashen looked at the facts, and determined that he and his team were offering something of value and not just another ugly baby that only they loved. WHO DO I NEED? Speaking of , in a sense, the Xero Shoes’ team was formed over a decade before the company started, when Lena Phoenix allowed Steven Sashen to be her friend after three years of ignoring him. The husband-and-wife team is the central pillar at Xero Shoes. It would’ve been easy for Sashen to confuse personal with professional compatibility. Afterall, there are countless examples of businesses being destroyed or hindered by personal relationships. The team’s success can be attributed to logical accountability. teams A rational assessment of their skills and goals proved they could run a company, with her strength in operations and finance, and his in product and marketing. Ideas and proposals must pass a rigorous analysis of the numbers, regardless of feelings. When Phoenix expressed a desire to optimize all the company’s purchases, the team’s analysis determined that it wasn’t feasible. The existence of stores like Ross and TJ Maxx was one piece of evidence used to show that not even the largest companies can manage this. His approach to the team and their ideas have kept the right people in place, to pursue the best courses of action. WHAT’S THE BOTTOM LINE? As Sashen says, “Once you have something, it’s all about the numbers. How much money you need to spend, when you need to pay it back, and what return it will get you. Every situation is different. You can make a ton of money and still go out of business by not understanding cash flow and terms.” It was Lena Phoenix’s attention to the math which navigated Xero Shoes through very turbulent, financial waters. One example is what they call the February problem. Inventory needs to be paid when it leaves port, so the cost hits in January, but sales can’t be made until the material is received, usually in late February. Another problem is finding capital when the COVID upheaval in the markets caused many sources of debt financing to stop offering those financial products. Managing inventory is a consistent challenge, with many unknowns in the anticipated demand and supply chain issues. Too much caution for a successful shoe could lead to delays and angry customers. Too little caution and the warehouse is filled with shoes that didn’t sell. A longshoreman strike could postpone critical deliveries. These limitations are the main reason Sashen views his annual growth as a failure, despite being very impressive. If he had the people and resources to achieve everything on his list, the growth percentage would easily be in the triple digits. To see this kind of potential and continue to exercise the necessary restraint to avoid overloading his people and materials available is a tremendous feat of logic overcoming passion. It would be almost irresistible to chase that level of growth beyond the means to support it. IS ALL PUBLICITY GOOD? The final area where Sashen’s coherent approach has yielded success is in marketing. This is very impressive, as his passion and background are in marketing. One could see him being particularly vulnerable to losing focus or defaulting to lucrative approaches from his past, but his dedication to thorough examination has kept Xero Shoes on the right track. In his words, “You’ve got to be willing to experiment properly. How quickly and cheaply can I find out if this marketing is feasible? You can only control how much money you’re willing to risk.” If someone says they need $10,000 or a 12-month contract before any results can be reached, this is the wrong person for the job. A newer approach that many companies engage in is partnering with podcasters and gamers. These entities can garner millions of views or subscriptions and seem like a surefire way to generate sales. Sashen insisted on doing the math, often at the people proposing these different partnerships. In one example, he determined that purchasing ad space on a podcast required one out of every five listeners to make a purchase in order for the deal to be worthwhile. The odds of this were incredibly low. After talking with other advertisers on the podcast, he discovered that none of them generated a profit from the deal. A personal friend, who is a professional gamer, confirmed that despite his massive audience, he doesn’t generate profits for his sponsors. There are times businesses only care about traffic and not sales. They could be trying to build a brand, where gains are made elsewhere. Their marketing team could be receiving specific guidance that is contradictory to the goals of other departments in the company. A business could be working on getting acquired and simply want views above all else. Sashen showed that his math worked better for Xero Shoes than the perception of exposure or the acceptance of best practices used by other businesses. NUMBERS DON’T LIE. With his final words of wisdom, Sashen said, “Test everything. People have opinions. Testing is the true way to figure things out. Being wrong cheaply is best.” In every realm of his business, he has ensured that logic prevails over emotion. Testing prevails over old data. Analysis prevails over intuition. What works today, may not work tomorrow. By removing subjectivity from business decisions, often times a single path makes itself known, and Xero Shoes has successfully walked that path while avoiding all the trips and slips that come with unguided feelings and assumptions.

What Can Flash Gordon Teach You About Sustained Business Growth?

I am no fan of the power that Apple and Google assert over the ecosystem of mobile developers with the power to pull any app, effectively cutting them off from a large percentage of smartphone users. In fact, I’ve , more akin to Big Brother than companies which uphold our democratic and free market traditions, and should be regulated, . So you would be surprised to learn that I contend that both Google and Apple’s action this week with Parler, a social media app popular with Trump supporters, were entirely proper. argued that they are de facto monopolies even broken up as part of the Big Tech antitrust suit Just last week, the riots of Trump supporters who broke into the Capitol building and stopped the counting of the electoral votes has had ripples in the tech industry. Social media giants like Twitter and Facebook have moved to ban President Trump for fear that he would incite his followers to return to the capital for a repeat performance just before or on the day of President-elect Biden’s inauguration. This has caused many conservatives to accuse big tech of “censorship”. In response to these bans, many Trump supporters (and he had over 80 million on Twitter alone) have moved to Parler, making it the number one downloaded app in the app store just before the ban. Parler has gained steam since the recent election since Twitter and Facebook started labelling Trump’s charges of “election fraud” as disputed, pitching itself as social media without censorship and without rules who were tired of having their election fraud claims questioned. , which appealed to Trump’s base, In response, among growing evidence that to plan the descent on DC on January 6th specifically to disrupt the electoral college count. This coupled with a number of extremists on the platform (and on other social media) threatening to “Hang Pence” since the Vice President announced that he would not (and in fact, could not) over turn the results of the election as Trump supporters wanted him to. social media in general, and Parler in particular, had been used by Trump supporters Apple initially sent a letter to Parler saying that its app would be removed within 24 hours if it wasn’t able to police itself and abide by the rules of the App Store, that it had received numerous complaints that the app “was used to plan, , coordinate and facilitate the illegal activities in Washington D.C. on January 6th, 20201” and that it “appears to continue to be used to plan and facilitate yet further illegal and dangerous activities.” Within 24 hours, the Parler app, which was the #1 downloaded app during the previous few days, was removed from the Apple App Store as well. which alleged Since 2010, when I helped create one of the first successful apps on the Apple App Store, I have been arguing that Apple in particular (and to a lesser extent, Google), not only applies the rules of its app stores capriciously, kicking out whoever it wants, but this dynamic results in anticompetitive behavior. Basically, my argument was that these two app stores (though Apple more so than Google), act as de-facto monopolies with the power to cut off any business from its customers since there isn’t a good way to get your app onto an iPhone or iPad without going through the App Store, discouraging competition and ultimately harming consumers. So why wouldn’t I agree then, with many conservatives, who believe that kicking Parler out of the App Store is another example of abusing their monopolistic powers? My original argument was quite simple — Apple and Google shouldn’t have the power to stop people from installing whatever they want on their computers, just as, once upon a time, neither Microsoft nor IBM could control what apps you installed on your Windows PC. Mobile phones are the most popular computing platform in history and no one (or two companies) should be able to control everything you do on these devices. The problem is not just that a company like Apple is free to create its own guidelines and enforce them inconsistently. It’s that the “app store” guidelines are not approved by any elected bodies and are not laws by any means and so it cannot be the ultimate arbiter of what consumers can or cannot get access to. However, I never argued that Apple or Google’s App Stores should be used to plan, encourage and incite illegal activities (against which there are already laws) or overthrow of democratically elected governments, which it’s becoming increasingly clear that Parler was being used for by extremists. Using a simple analogy, in the video game space, for example, there are many social casino apps, such as virtual slot machines — which do not allow real money gambling because that would be against the laws of most states in the US. As a result, Google and Apple do not allow real-money gambling in apps in the US app stores. Some countries, such as Korea, for example, don’t even allow “simulated gambling”, and Apple and Google have had to block virtual gambling apps in those countries, while they are allowed in the US. There is however, a line here that is more nuanced than it looks at first. Where do you draw the line? For example, in case of the dark web marketplace Silk Road, it was being used to facilitate criminal activities, including murder and kidnapping, using Bitcoin, which is harder to trace than bank transfers of money. This doesn’t mean that Bitcoin should be outlawed, since there is no law against using Bitcoin to pay people for services. The Justice Department did in fact, realize there was criminal activity and ended up arresting Ross Ulbricht, the founder of the Silk Road (who some sources have said was ). recently being considered for a pardon by President Trump Silk Road was set up explicitly for facilitating illegal activity. Parler wasn’t necessarily set up for facilitating illegal activity, though it’s “no rules” ethic and popularity among far right sites made it an attractive place for those contemplating such activities to plan, indoctrinate and recruit more “revolutionaries”. Simply removing Parler from the app stores didn’t kill it. In fact, users could still go on their website and continue to use the app. Moreover, on Android, you can install apps without an app store, and there are many app stores as alternatives to the Google Play store, though it is by far the most popular in the US. In China, for example, some of these app stores are even more popular than Google Play and follow a different set of rules. I have also argued that Apple should allow other app stores on its platform as well, just as Google does, which may have different sets of guidelines (though of course, they also presumably wouldn’t allow illegal activity to be going on). However, Amazon also decided, following the lead of the app stores, to remove Parler’s AWS (Amazon Web Services) hosting services, upon which hte app was based, and this became an even bigger issue for Parler.  It has has brought the app and website down. This means that Parler will have to rebuilt its tech infrastructure from the ground up to work on a different technology stack, which is not very easy to do. Many conservatives are now using the “free speech” argument, saying that “Big Tech”(Apple, Google, Amazon, Facebook, Twitter) is trying to silence conservative voices. Parler . You could argue that Fox News, perhaps the largest conservative outlet, has apps that are thriving on these channels. While that may or may not be the case, that is an entirely different point. even initiated a lawsuit against Amazon It would be easier for Parler to simply crack down on illegal activity than to rebuild from the ground up. This is easier said than done in Trump world, which has been fed (and have believed), on social platforms like Facebook and Twitter and Parler, that the election was stolen from them and they have to “rise up” against the oppression! Already, there are many Trump supporting websites that are planning another incursion into Washington to try to overturn the inauguration, this time with a lot more weapons.. Neither Apple nor Google should forced to be a party to that. Although I have argued repeatedly that Google and Apple have entirely too much power with their App Stores, in this case, I think they acted properly. Rizwan Virk is a venture capitalist, founder of Play Labs @ MIT and the author of “The Simulation Hypothesis: An MIT Computer Scientist Shows Why AI, Quantum Physics and Eastern Mystics Agree We Are in a Video Game.” Follow him via his website at www.zenentrepreneur.com or on Twitter @rizstanford.

Apple and Google Have Too Much Power On Their App Stores, But Kicking Out Parler is Justified

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The TechBeat: Smart Contract Optimization: How to Use Less Gas in Ethereum (12/6/2023)

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ROSS STORES

rossstores.com

10K+ employees

Since 1957

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ROSS STORES

EVERGREEN INDEX #9670

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ROSS STORES

rossstores.com

10K+ employees

Since 1957

COMPANY RANKING

ROSS STORES

EVERGREEN INDEX #9670

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