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Warehouse clubs revamp retailing industry

increase font size At least for now, Costco, Sam's Club and other such businesses are far outpacing e-commerce. Share WASHINGTON — From the arrival of e-books and digital music in the 1990s to the recent explosion of online subscription services such as Stitch Fix or Birchbox, it’s easy to see just how dramatically e-commerce has changed our shopping routines. And yet, according to new research, there’s another shopping trend that has had an even more transformative effect on the retail industry during the last two decades: the rise of Costco, Sam’s Club and other warehouse clubs. Ali Hortacsu and Chad Syverson of the University of Chicago studied how the structure of the retail sector has changed over the last 15 to 20 years, and, in a new National Bureau of Economic Research working paper, make the case that warehouse clubs have had a greater effect on the retail landscape than e-commerce. The researchers compared the relative size and growth trajectories of warehouse clubs and e-commerce sites. The four largest warehouse clubs accounted for 8 percent of retail sales in 2012, nearly 50 percent more than all e-commerce retail sales in that year. And while the rise of online shopping has dominated the discussion of the retail landscape, Hortacsu and Syverson found it actually hasn’t been the sector’s biggest growth story over the last roughly two decades. ON THE STOREFRONT In studying Census Bureau data, they found that the portion o...  

Arts center to fill commercial vacancy in Point Breeze

Point Breeze will soon have an arts center dedicated to after-school activities, adult classes and gallery exhibitions after former Childs Elementary art teacher Maria Pandolfi partnered with fine artist Ron Kustrup to occupy the location at Point ...  

Bri Holmes' style helps Vols on volleyball court

Bri Holmes brings maturity, work ethic, finesse and a different style of play to the University of Tennessee volleyball team.So far, she's making a difference, helping the Vols start the season 4-0.The red-shirt junior transfer from the University of California at Riverside is one reason the Vols believe they can far exceed their 8-24 record and 13th-place SEC finish of last year."I'm very excited about this team," Holmes said Wednesday. "We've already bonded well, and it's showing on the court. If what we're doing in practice continues, we'll exceed expectations.""Bri Holmes has been a quiet, effective player for us," UT coach Rob Patrick said after his team won the Towson Invitational last weekend. "She's someone who takes a lot of swings in (the outsider hitter) position and is hardly making any errors, and that's something that has really helped our team."Holmes is second on the team with 39 kills, behind Kanisha Jimenez's 49. The pair lead the Vols into the annual DISH Tennessee Volleyball Classic, which runs Thursday through Saturday at Thompson-Boling Arena. The Vols play Tennessee Tech on Thursday, UNC Greensboro on Friday and Eastern Kentucky and North Florida on Saturday.Holmes is one of four players from California or California universities who have transferred to play volleyball at Tennessee. It is an influx badly needed for depth and athleticism. "One area we were very inexperienced in last year was outside hitter," said Patrick, who is entering his 18th season...  

Prep volleyball: City preseason capsules

LINCOLN CHRISTIANCoach: Vikki Power. 2014 record: 13-17.Returning letterwinners: S/RS Ashlyn Power, 5-8, jr.; S/RS Mikinna McGerr, 5-8, sr.; OH Avery Dolliver, 5-10, so.; MB M.C. Johnson, 6-0, sr.; MB/RS Abbey Powell, 5-10, sr.; DS/L Mollie Shepard, 5-4, jr.; OH Precious Ward, 5-7, sr.Others to watch: Elizabeth Nunnally, jr.; Sierra Lahman, sr.Outlook: The Crusaders have one of the best all-around players in Class C-1 in Power, an all-stater who had 330 kills last season and is considered a Division I college prospect as a setter. McGerr and Dolliver (135 kills) were also starters a year ago. Christian should be a good defensive team with multiple offensive options.COLLEGE VIEWCoach: John Hauck. 2014 record: 6-17.Returning letterwinners: S Jenna Griffith, 5-8, sr.; RS/S Helena Hromik, 5-7, so.; OH/RS Kaitlyn Van Epren, 5-8, so.; OH Alesha Horst, 5-6, jr.; OH Amber Cook, 5-7, so.; MB Caitlynn Davis, 5-10, so.; MB/OH Alyssa Lambrecht, 5-10, jr.; L Zoe Luke, 5-6, so.Others to watch: Summer Boulais, 5-7, fr.; Jannah Follett, 5-10, fr.; Kaylin Bogue, 5-7, fr.; Grace Chilson, 5-6, fr.Outlook: Five starters return in Griffith, a three-year starter, Hromik, Horst, Davis and Luke. Expect Boulais to contribute as a freshman. The Eagles have the experience and talent to be much improved this season and make some noise in Class D-2.LINCOLN EASTCoach: Mike Wiese. 2014 record: 22-10, A No. 9 final ranking.Returning letterwinners: L Kara Bown, 5-8, sr.; MB Frona Harding, 5-10, sr.; OH Hale...  

Asia Stocks Rise, Following U.S. Rally, With China Markets Shut

Asian stocks rose, following a rebound in U.S. shares, with markets in China and Hong Kong closed for a holiday.The MSCI Asia Pacific Index gained 0.4 percent to 126.45 as of 9:01 a.m. in Tokyo. Chinese shares closed lower on the last trading day of this week as investors assessed the level of state support before a major military parade on Thursday. Mainland markets are closed Thursday and Friday to commemorate the end of World War II.“One modest positive today is the fact China is offline for its Victory Day commemorations,” said Chris Weston, Melbourne-based chief markets strategist at IG Ltd. “So traders and investors will be focused on domestic data, valuations and trying to understand how to navigate these crazy markets.”E-mini futures on the Standard & Poor’s 500 Index added 0.3 percent following a 1.8 percent gain on the underlying index on Wednesday. The U.S. equities gauge slumped 6.3 percent last month as China’s currency devaluation spurred concern over global growth, erasing more than $5.7 trillion in equity market values worldwide, while volatility surged the most on record. South Korea’s Kospi index rose 0.7 percent and Australia’s S&P/ASX 200 Index gained 0.5 percent. New Zealand’s NZX 50 Index advanced 0.7 percent. ...  

Deciphering The Human Brain, From Sumerians To Exascale Computing

450 BC – Alcmaeon of Croton, an early Greek physician, concludes that the brain is the central organ of thoughts and sensation. Alcmaeon also suggests that the optic nerves are paths to the brain for light and that the eye contains light too. This ...  

New Report Highlights Growing Business Opportunities in Education

VC investments in education firms increased 55% between 2013 and 2014. As a market, American schools seem a bit like a mirage. There, in the distance, sits a $1.5 trillion market, but it always seems out of reach to a creative game maker who wants to make learning more engaging and effective. But one new report from a highly respected consulting firm says that may be changing. “Primary and secondary schools are adopting digital curricula at unprecedented rates, yet teachers report they have trouble finding digital products that meet their needs,” report authors Jake Bryant and Jimmy Sarakatsannis wrote. “We surveyed teachers and found that 60 percent lack the digital instructional resources they need.” The report was published by McKinsey & Company, an American management consulting firm. McKinsey has been pushing several growing opportunities in education, including textbook rental businesses and personalized learning. The analysts noted that with the increased opportunities in formal education, both k-12 and higher education, the investment flowing to companies in the area is increasing rapidly. The report notes that the number of annual private-equity deals has more than doubled, from 30 in 2007–10 to about 70 in 2012–14. They also note that venture capital firms have entered the space like never before, investing $1.87 billion in 2014, up 55 percent from 2013. “These deals have mostly been dedicated to the tradition...  

VOLLEYBALL: Willis trio strive for academic excellence together

All three can be seen this year on the Willis Ladykats volleyball team, which off to a great start to the season with a 21-7 record. But earning wins in the classroom trump earning wins on the court for the three senior members of the team. Mackenzie ...  

IMF: China, Tumbling Commodity Prices Threaten World Economy

The International Monetary Fund says China's slowdown, volatile financial markets and tumbling raw-materials prices have raised the risks to economic growth around the world. In an assessment of global threats published as finance ministers and central bankers meet this week in Turkey, the IMF is urging wealthy countries to continue easy money policies and "growth friendly" tax and spending programs. It says some emerging-market countries should let their currencies fall substantially to support exporters and economic growth, adding that they should also enact reforms to make their economies more efficient. The IMF says the Chinese economic slowdown appears to have had larger-than-expected repercussions in other countries. China's troubles have sent the prices of raw materials such as oil and copper into a freefall, pinching Brazil, Russia and other commodity exporters. ...  

Games Inbox: What did you think of the Forza 6 demo?

The other week ago there was an article on GC about some of the patents filed by Nintendo for the NX console. The talking point of the article was Nintendo doing away with optical discs entirely, in favour of digital download. Today I was looking for info on the Mega Yarn Yoshi amiibo and I stumbled across a site called digitaltrends, or something similar, after reading what I was looking for, I found an article on there also about the patents filed for Nintendo’s next console. The talking point of the digitaltrends article was different though, they were suggesting that Nintendo were actually going back to cartridges for the NX. The argument that they were putting forward was along the lines of Nintendo being very comfortable with the use of cartridges in their handheld consoles and the fact that the cost of flash memory was dropping all the time. They also mention something about a card slot on the patent, suggesting this could be used for cartridges as well as SD cards or whatever. They mention that not everyone has the download speeds to make a digital download only console practical just yet. But they also acknowledge that Nintendo are very hard to predict so anything is possible. I’m curious to know what GC and Inbox contributors think of this theory? It seems a little far fetched to me, but if there is one thing we can count on its Nintendo doing the opposite of what pretty much everyone expects them to. mitchell PS: Yoshi’s Woolly World has spark...  


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