Fireside Insights
Apr 24, 20172 min
Catch up on current events with these news highlights from last week.
BUSINESS
Stores are closing at an epic pace
The latest casualty in the decline of brick-and-mortar retailers is Bebe which plans to close 28 stores and is “exploring strategic alternatives.” Credit Suisse reported this month that “[possibly] more than 8,600 brick-and-mortar stores will close their doors in 2017” which amounts to a loss of 147 million square feet of retail space.
HEALTH
How one county slashed sugary drink sales
Howard County, Maryland launched a three-year campaign against sugar-sweetened beverages aimed to reduce the consumption of sodas. Accompanied by a policy change and community outreach, the campaign resulted in a 20% decrease in soda sales and 15% decrease in fruit drinks in the area.
DESIGN
Superblocks: how Barcelona is taking city streets back from cars
Barcelona is pilot-testing “superblocks” (superilles in Catalan), a new urban design concept that closes off nine square blocks to “through traffic, freight, and city buses.” Within the superblock, local vehicles travel less than 10 mph along one-way streets. The concept redesigns space previously dedicated to roads and cars into mixed-use space available for pedestrians and community activities.
TECHNOLOGY
How Google Cashes In on the Space Right Under the Search Bar
Google’s parent company, Alphabet, profits from the search engine’s ad revenue which offers even more motivation to maximize the real estate highest on the page. Product ads purchased by retailers account for 52% of all Google search ad spending, and as smartphone use increases, so does Google’s focus on mobile ads.
WORLD
France’s historic presidential election results, explained
Frontrunners Le Pen and Macron move to the second round of the French election, leaving behind the country’s two mainstream parties–the Socialists and Republicans. With immigration, xenophobia, and “Frexit” on the minds of voters, take a moment to familiarize yourself with the platforms on which the candidates are campaigning.
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