Retail Crime is Driving Customers to Amazon

Good morning, Nerders. It’s Wednesday, August 21st. In today’s newsletter, we cover:

• Retail Crime is Driving Customers to Amazon — Shoppers hate retailers’ anti-theft measures; Amazon has emerged as an unlikely winner

• International Stock Data — A significant majority of the best-performing companies in the world were based outside the U.S. last year

• Balaji’s Network School — Learn about crypto, longevity, and more for 90 days on a remote island in Singapore

TODAY’S STORY

In response to a surge in retail crimes, retailers like Target and CVS started locking everyday items like deodorant, toothpaste, and body wash behind plastic cabinets.

While the practice was intended to stop shoplifters, it’s also stopping shoppers.

• Secured cases can cause sales of items to drop 15-25%, per Axios

• Instacart delivery workers are avoiding stores with locked-up merchandise, per The New York Post

Amazon has emerged as the unlikely winner from the retail lockup debacle. In the company’s latest earnings call, CEO Andy Jassy noted that Amazon’s customer experience is resonating given what’s happening in the physical world, with how much is locked behind cabinets.

Shoppers are looking for ease and finding it on Amazon.

DATA BYTES

• U.S. stocks have overshadowed international stocks for the last decade, but on an individual basis, a significant majority (72% in 2023) of the best-performing companies in the world were based outside of the U.S.

• Strong consumer demand for smart devices and online services has helped drive impressive performance for the tech-heavy U.S. stock market for much longer than usual

Disclaimer: This is not investment advice. Past performance does not guarantee future results.

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#SHORTS

Balaji’s Network School

@boringbusinesskieran

Balaji’s Network School // make sure to follow me to keep up with the latest business stories and trends #business #tech #crypto

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To read the web version of previous stories, click here

If you have any comments or feedback, just respond to this email.

Thanks for reading,
Kieran & Justin Ryan