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One beloved toy store is on the verge of extinction (Bye, Geoffrey)

(BUSINESS NEWS) Toys R Us is about to be added to the ever-growing list of brick and mortar store that couldn’t hang with online commerce.

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RIGHT IN THE CHILDHOOD

Welp, toy colossus Toys “R” Us could be filing for bankruptcy this week. The child in me weeps.

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I know, I know. But we should have seen it coming, right?

Bye bye brick and mortars

Similar to the way toy stores in malls have quietly disappeared over the past decade or two, it’s been a wonder Toys “R” Us has remained afloat given half the store is “baby stuff.”

(Sorry, that’s the kid in me that expected floor to wall action figures and toys upon entering the store – I mean, there’s already a Babies “R” Us… /rant)

Not to mention, interactive digital media gives us so much more at our fingertips so much faster.

I’m a product of the 80’s, so I fondly remember those trips to Toys “R” Us: skipping past the pink aisles of Barbies and Easy Bake Ovens (being the tomboy that I was) and bee-lining straight for the action figures to pick up the newest Ninja Turtle figure on the back of the packages that I didn’t yet have, or nabbing up a “My Buddy” doll. This is also the same store that my dad squealed like a child upon finding the coveted Patty O’ Green doll for me when Rainbow Brite was hot cakes.

TOY STORY

These days, finding the perfect toy was the equivalent to Arnold Schwarzenegger looking for that Turbo Man doll for little Anakin Skywalker. Am I dating myself as on the older spectrum of the millennial scale, yet?

But now, I can easily download an entire library of every Atari, Nintendo, and Sega title out there for free and not have to go anywhere.

Physical toys require the begging of parents and money. When these things can’t be won, we only have our imagination. A TV screen or a computer screen that gives you some degree of simulated autonomy is much more appealing than running around in the sun. Tablets over toy is already a hot topic being discussed.

BAD TIMING

Timing isn’t looking so hot for the toy retailer as it’ already midway through September and the holiday season I just around the corner, which is when the majority of retailers would be expected to ring in the new year on a high note.

THE “B” WORD

As of late, Toys “R” Us, however, has been racking up a sizable debt of more than $5 billion dollars. The company made the Chapter 11 bankruptcy filing on Monday night in federal court in Richmond, Virginia.

With competitors such as Wal-Mart and Amazon, it’s no wonder the company is hitting a few roadblocks along the way despite their late attempts to up their e-commerce game.

Fear not parents, collector, and nostalgia enthusiasts, the brick and mortar locations currently open will remain so as sources note there may be vested interest in the chain who expect them to come out successful in the end.

FEAR NOT

It has been reported that JPMorgan Chase will and other lenders will provide the company $3 billion in order to continue paying suppliers and employees; a good idea as we approach the holiday season.

It should come as no surprise given the trend of big box retailers closing due to the popularity of “tough to beat” alternatives such as Amazon and Wal-Mart. In an era of mobile communication and at-your-fingertips convenience, you have to go big or go home in order to stay ahead in the competition.

Ultimately, it will come down to who is willing to give you the best bang for your buck when the hottest trends like Funko Pop! Figures can be obtained, sometimes exclusively, through retailers such as Hot Topic, Game Stop, or in your latest blind box “loot” subscription.

Kids these days, am I right?

#ToysRGone

Ashe Segovia is a Staff Writer at The American Genius with a Bachelor of Arts in Communications from Southwestern University. A huge film nerd with a passion for acting and 80's movies and synthpop; the pop-cultural references are never-ending.

Business News

Wal-mart can’t keep up even with fresh online technology

(BUSINESS NEWS) Wal-mart had hoped to keep online retailers from encroaching on their turf with AI assisted shopping start up Jetblack, but unfortunately that didn’t work.

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Wal-Mart’s exclusive delivery service, JetBlack, is no more. What’s the deal?

Wal-Mart’s acquired start-up, JetBlack, had an interesting challenge: getting affluent New Yorkers to purchase goods from Wal-Mart, instead of other places. Now, about two years after its initial launch, JetBlack has been shut down. So, what’s the deal?

JetBlack was a delivery service with an interesting twist: it utilized AI to respond to text message requests. For instance, users could send a text like “I need more toilet paper” and drawing from initial information input into the system, past experiences, and the occasional “professional shopper,”, JetBlack would hook the user up with a delivery.

The AI could also give suggestions if users asked questions. Don’t want to shop for your niece’s birthday present? No problem, JetBlack would give you ideas of what to purchase and then deliver the gift to your door, gift-wrapped and everything.

By increasing the convenience of the shopping experience, Wal-Mart hoped to use JetBlack to lure wealthy households back to buying from Wal-Mart. Membership fees were $50 a month, which seems steep, but Wal-Mart asserts it was actually losing about $15,000 per member on a yearly basis. Awkward.

So, what went wrong?

Part of the problem might be just how much work went into a small percentage of customers. For instance, it took effort to get new users onboarded. Best case scenario, this was a phone call to tackle basic needs and interests, but users could also opt to have employees visit their home and assess their preferences in person. (It’s also incredibly creepy, but hey, at least there’s additional convenience?) Point is, these personal touches aren’t exactly sustainable for a growing market.

It also might just be that Wal-Mart wasn’t really skilled at putting this newly acquired start-up to work. An interview with Business Insider reveals that the ordeal, while expensive, also served as a massive learning process.

While JetBlack has ended its current run (and lost a number of employees in the process), the technology developed by the company will live on. In fact, Wal-Mart is going to try to strengthen their infrastructure and hopefully integrate JetBlack’s texting and AI capabilities in a wider release. Who knows, maybe in the future, more of us will be able to send off a text to have someone else take on the challenge of purchasing our niece’s birthday present.

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Business News

How remote work has changed over the last decade

(BUSINESS NEWS) let’s reflect on how remote working and telecommuting has changed in recent years and look to how it will continue to change in the 2020s.

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As someone who often works remote, it’s interesting to see how much that means for work has evolved. The increase in commonality has been steady, and shows no signs of slowing down. Go Remotely has developed an insightful graphic showing the changes in trends regarding remote work over the years.

“For decades, the established economy dictated that you should pick one job, visit the same office for the next 40 years, and then retire,” reads the graphic’s intro. “However, recent remote working stats suggest the working world might be in for some revolutionary changes.”

From there, the graphic is broken down into five facets: Flexible Workspace Policy, Entrepreneurial Minds, Telecommuting is a Growing Trend, The Role of Companies in the Remote Working World, and The Future of Telecommuting.

With Flexible Workspace Policy, its suggested that telecommuting could be a solution for costly issues including lack of productivity caused by employee distractions, health problems, etc. It is said that employers lose $1.8 trillion annually due to these issues.

The end of 2018 found 35 percent of the US workforce working remotely. This is only expected to climb. Ten percent of employees don’t know if their company offers flexible work policies (this is something to check into!)

Bills and laws for virtual jobs passed by governments reflect the need for accessibility, economic stability, and emigration concerns. Companies with flexible work policies have reported seeing increases in productivity and profits. (Funny those both start with pro, no?)

With Entrepreneurial Minds, a few interesting things found include: remote workers are less likely to take off if they are sick, the majority reports better productivity when working alone, the majority reported lower stress levels. However, there is a problem with not being able to unplug after work which is an issue for some.

Telecommuting is a Growing Trend finds that there has been a seven percent increase between 2012 and 2016, with the majority (80-100 percent) reporting they work remotely. Industries seen embracing remote work include: transportation, computer/information systems/mathematical, arts/design/entertainment/sports/media, finance/insurance/real estate, law or public policy, community/social services, science/engineering/architecture, manufacturing or construction, healthcare, education/training/library, and retail.

The Role of Companies in the Remote Working World finds that the pros to hiring remote workers includes: finding talent outside of your geographic area, improves retention on work/life balance, increases productivity by decreasing commute time, and saves money by requiring less office space. The cons include lack of timeliness when it comes to receiving information from employers.

Finally, the Future of Telecommuting suggests that in 2020 the US mobile worker population will surpass 105 million (and will account for 72 percent of the US workforce). Hiring managers predict that telecommuting will increase tremendously, most skills will become even more niche over the next decade, and many think that 38 percent of their full-time workers will be working remotely in the next decade.

How do you feel about the increase in remote working and telecommuting?

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Business News

ClickUp team productivity app is gorgeous and wildly efficient

(BUSINESS NEWS) Seeking to improve your productivity and speed up your team, ClickUp is an inexpensive option for those obsessed with efficiency.

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Back again to obsess over productivity apps – ClickUp, is a project management tool seeking to knock the frustration out of PM. It’s getting some good reviews, so I gave it a try for a week by setting up my current job search as a project and getting a feel for the app. And as you’ve read in my other reviews, we will address features and design.

On the feature front, ClickUp offers a pretty standard set up of tools for a productivity app. What stands out first and foremost are the status options. In general, most productivity statuses are simple: not started, started, in progress, done, etc.

But ClickUp lets you set up custom statuses that match your workflow.

For example, if you’re doing instructional design projects, you may assign projects based on where they are flowing in an ADDIE model, or if you are a Realtor, you may have things cataloged by sold, in negotiation, etc.

Customization is king and custom status is the closest you get to building your own app. And if you like it simple, you don’t have to customize it. The assigned comments feature lets you follow up on specific comments that originate action items – which is useful in team collaborations.

You can also assign changes to multiple tasks at once, including changing statuses (I would bulk assign completion tasks when I finished applications that I did in batches). There a lot of features here, but the best feature is how the app allows you to toggle on and off features that you will or won’t use – once again, customization is front and center for this platform.

In terms of design and intuive use, ClickUp nailed it.

It’s super easy to use, and the concept of space is pretty standard in design thinking. If your organization uses Agile methodology, this app is ready for you.

In terms of view, you can declutter the features, but the three viewing modes (list, box, and board) can help you filter the information and make decisions quickly depending on what role you have on a board or project. There is also a “Me” board that removes all the clutter and focuses on your tasks – a great way to do focused productivity bursts. ClickUp describes itself as beautifully intuitive, and I can’t disagree – both the web app and mobile app are insanely easy to use.

No complaints here.

And the horizon looks good for ClickUp – with new features like image markup, Gannt charts (!!!!!! #nerdalert), and threaded comments for starts.

This application is great, and it’s got a lot of growth coming up to an already rich feature base. It’s free with 100MB of storage, but the $5 fee for team member per month that includes team onboarding and set up (say you’re switching from another platform) and Dropbox/Google Docs integration? That’s a bargain, Charlie.

ClickUp is on the way up and it’s got it all – features, a beautifully accessible UI, relentless customization, and lot of new and upcoming features. If you’re into the productivity platform and you’re looking for a new solution for your team, go check it out.

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