One of my family member is by all definition a dream customer for many of the businesses highlighted here. Over the years they've said exactly what these businesses wanted them to feel while shopping at their locations. It's fascinating to see this economic relationship playout so perfectly from both sides.
Several years ago I was touring a lab in Harvard Medical School and I was surprised to see Legos in use. They were being used to hold specimens that were constantly needed to switch heights and Legos were very flexible for the task.
I LOVE TRADER JOES!!❤❤❤ My favorite store I go at least 2 to 3 times a week!! The best customer service, love the specialty items, and love the organic fruits. Best of all their prices are BETTER than the box stores!!! They are my first stop in grocery shopping.
I don’t get the hate for “repeated content”, surprisingly even though I’m a subscriber I haven’t seen any of these videos and thoroughly enjoyed this compilation
Right! I'm at work grooming dogs, and I like that I don't have to keep looking for other videos. I would like a title read though before the next topic
Excellent content, WSJ! Please continue. As an international brand, consider using metric measurements alongside the Imperial system. It only takes 30 seconds to add a conversion, benefiting your global audience 😬
I love primark. It's very affordable. I bought lots of things from primark in Madrid. I was going there every day during my vacation. It's my favorite store ❤.
Primark is a terrific company with an innate understanding of who its customer is. It was originally an Irish company. The business model was a husband, wife with 4 kids to house, feed, clothe & put through college. Although its quality is not top notch, its prices are very competitive. Its buyers are very canny as the company offers some great designer dupes & is fashion forward. It endeared itself to the British public because it took no taxpayer cash during lockdown but continued to pay the staff itself full pay for having to stay at home.
Primark (Penney's, as I know it) is one of those businesses I don't like, but I'm still very impressed by. They started from pretty humble beginnings with 1 store on Mary Street in Dublin city centre, and while they've watched many shops on Mary Street change hands since 1969, Penneys has remained the entire time, evolving with the times, not trying to be a historic monument. They've just continuously made the right moves to keep themselves in the public sphere and reinventing their image when things haven't worked for them. A lot of businesses have failed where Primark succeeded, it could have just as easily been them, but they've clearly had the right people steering the ship to be in such a strong position when a lot of other retailers in their space are struggling.
In my experience, taking a picky spouse to Trader Joe’s is the best way to get them to expand their horizons. Everything there seems so appealing even if it’s out of your comfort zone. For anyone wondering, I was the picky spouse.
Did you know that if an employee over hears you express a desire to try a particular item without having to buy it, the employee will open that very product and let you taste it right then and there! You can tell that I really like the place!
@@robertafierro5592 Trader Joe's worker here! Since the pandemic our store no longer has this option (although I'm not sure about stores outside our socal area!). Instead we now have an extremely lenient return policy, so if you don't like something just bring it back no questions asked!
They also accept Foodstamps! Even though they didn't hire me when I applied for a position on their team, I still.will.always shop there. They're Animal friendly and they always look out for their Customers. Their prices are simply Terrific and EVERYTHING is Organic.
I've ordered online with Chipotle several times and the food is always horrible. I assume they have different procedures to ensure the food is made and packed in a way that is conducive for delivery or takeout. In my experience, the food is overly dry or has too few ingredients to ensure the burrito is wrapped tight and doesn't leak. I always choose to go to the restaurant and some time eat inside. It's worth it to the company to maintain that experience for people.
OK LISTEN UP, I been struggling for two years with finding a good strategy and THIS ONE IS GOLDDDDDDDD. I can’t believe it was this easy. LOL THANKS YOU’RE THE BEST!!
1:26 you guys showed Aldi but they actually don’t own Trader Joe’s. Aldi in the US is owned by Aldi Süd and Trader Joe’s is owned by Aldi Nord. They were started by two brothers who couldn’t see eye to eye so they went on their own. In Germany I think they don’t use Trader Joe’s I think they just use Aldi Nord and Aldi Süd
I’ve brought products from Aldi and Trader Joe’s that are exactly the same - identical in taste, color, size, etc BUT the external packaging was different. I’ve also seen produce with a particular supplier at Aldi’s being also sold at our local Trader Joe’s.
Spirit stores can be yearound store - do New Year day parties in store, Valentines, Easter, Spring fest, july 4th pariotic month, Summer picnic fest, haloween, thanksgiving, xmas. It can be almost year round. It should be the place to be for seasonal festivities year round.
Worked at TJ Maxx for 12 years. Seemed like we did the best during the recession in 2008-09. We'd get some shoppers coming in almost daily cause we'd always be putting out stuff and you can't count on it being there next time you visit. We did not keep a back stock and low level staff had discretion on where to stock each time. Often just shoving it on the shelves. People like the treasure hunt for sure.
cool thank you for this. this is the type of content i'm looking for in books but I don't have the time to read. so this is fantastic because i can learn while mopping my floor 😂
I'm from Germany so therefore I know Aldi and Trade Joe's. However I somehow got the impression that Trader Joe's is seen as expensive in the US. It always seems like a special occasion going to TJ in videos. Or am I confusing it with another store chain?🤔
True- maybe because of the size? The building and its items are sold in practical convenient size, whereas in "normal US grocery stores" everything is almost huge in size and has different options.
Primark also known as Pennys in Ireland it’s homebase had to change its names for obvious reasons. The logical connection to the US was Boston because Boston Irish were already familiar with the brand Pennys
I like this. I always wondered how they survived. I never noticed it wasn’t around all year. The line was around the entire store when I went last year so it must be working. And party city seems to be struggling
I absolutely love a good TJ Maxx/Marshalls’s. However, I wish I understood their distribution strategy a little better. The TJ where I live is substandard. I don’t like a lot of the stuff there, and the store just feels dirty and always looks like a bomb went off. But I went to a TJ in Minnesota when I was visiting family, and it was exactly what I used to expect from them before I moved to where I am now.
An excellent presentation, although I would have preferred that it would have been smaller episodes over a period of time. I've had to watch this, as time permitted, over several days.
I don't dislike trader joes, i just feel ike i have to hit two stores if go there. They don't have the selection. Great for someone that wants frozen or premade stuff...but if you actually cook its difficult to plan a meal and get everything you need there.
I appreciate this strategy. It really works well. I've been practicing with my demo account and I'm winning alot. Thank you for everything. You truly are the trader!
Chipotle separate make lines dint exist as far as I've seen. I've been to maybe 5 locations where I'm in line behind 5 online orders that somehow take priority over in person customers. Not to mention how quality has fallen off a cliff.
interesting when you compare these business strategies across various countries, Trader Joe an American owned subsidiary of aldi which uses the same business strategy in Australia. still Aldi in Australia doesn’t have near the market share of the duopolies Woolworths and Coles people seem to be blind to the higher prices just shows you that the sheep culture is alive and well
This video offers a fascinating exploration into the strategies employed by some of the world's most successful businesses. From Trader Joe's focus on offering a limited range of items to T.J. Maxx thriving in recessions, each chapter delves into the unique approaches taken by these brands. By hearing directly from CEOs and business leaders, viewers gain insights into the reasoning behind these strategies and how they contribute to the companies' overall success. Whether it's the treasure-hunt model of Costco or the innovative offerings of Nintendo, this series sheds light on the economics driving these iconic brands.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing his resume, it is evident that he is a seasoned professional. I have reached out to him and am eagerly awaiting his response
The funny thing is, when they came out with the first electronic game. I think was Atari in 1976? My mother played it. Not so much her children. But then, I grew up when children played outside, and not with electronic devices. We put our shoes on and ran around town
The old chipotle strategy was charge people a fair price for a pretty darn good product with a good coutilization of ingredients. The new strategy is to give people HALF the amount they used to give. My last two bowls were literally only half full and it seems to be a trend nationwide I understand watching your efficiencies, but being frugal is goodm being cheapazz is bad. They are chasing away customers
Even though I loved eating Chipotle for many years, I got sick eating a one location in Chandler AZ which was e-coli and Noroviruis a couple of months ago. This was confirmed by testing. I'm done eating at this places...
Maybe true but even with all of the recent inflation prices only increased modestly at Trader Joe’s whereas prices increased massively at Safeway and other big grocery chains.
*Cynthia Depken offers fixed deposits, personal loans, business loans, NCD and tax saving bonds and also many more products like life insurance, health insurance, motor insurance, digital gold* . One can buy most of these products sitting at home and at any time during the day from any corner of the world.
I'm shocked! How on earth did the WSJ make a programme about Trader Joe's without mentioning that Trader Joe's is a wholly owned subsidiary of Aldi, the privately owned giant German discount chain, which operates all over the world, including the US. Basically, what Trader Joe's is, is an upmarket Aldi. I really expected much better journalism from the WSJ
If it goes up dramatically I’m going to drop my contract to part time. Undergraduate and postgraduate student loans are already battering me. I’ll go back to full time when my student loans are written off.
One of my family member is by all definition a dream customer for many of the businesses highlighted here. Over the years they've said exactly what these businesses wanted them to feel while shopping at their locations. It's fascinating to see this economic relationship playout so perfectly from both sides.
Lots of money is spent on social behavior, just wait until you figure out the gov does the same to manufacture consent towards political policy.
Several years ago I was touring a lab in Harvard Medical School and I was surprised to see Legos in use. They were being used to hold specimens that were constantly needed to switch heights and Legos were very flexible for the task.
I LOVE TRADER JOES!!❤❤❤ My favorite store I go at least 2 to 3 times a week!! The best customer service, love the specialty items, and love the organic fruits. Best of all their prices are BETTER than the box stores!!!
They are my first stop in grocery shopping.
I love it too but I feel the prices are going up and also shrikflation,
How can you possibly go to a grocery store 3 times a week lol unless you walk to work and it's on the way
The only item lacking are their bread selection.
I don’t get the hate for “repeated content”, surprisingly even though I’m a subscriber I haven’t seen any of these videos and thoroughly enjoyed this compilation
Right! I'm at work grooming dogs, and I like that I don't have to keep looking for other videos. I would like a title read though before the next topic
I love these hope they go broader and cover companies even from other countries
Excellent content, WSJ! Please continue. As an international brand, consider using metric measurements alongside the Imperial system. It only takes 30 seconds to add a conversion, benefiting your global audience 😬
This is awesome stuff WSJ 👍🏽
I love primark. It's very affordable. I bought lots of things from primark in Madrid. I was going there every day during my vacation. It's my favorite store ❤.
Fast fashion and over consumption.
Worst place possible in Madrid - crowded and cheap Chinese products. So many great places to shop in Madrid.
4:48 dipping oreos umm I mean Joe-Joe's in sweet cannoli dip is definitely life in the fast lane
Primark is a terrific company with an innate understanding of who its customer is. It was originally an Irish company. The business model was a husband, wife with 4 kids to house, feed, clothe & put through college. Although its quality is not top notch, its prices are very competitive. Its buyers are very canny as the company offers some great designer dupes & is fashion forward. It endeared itself to the British public because it took no taxpayer cash during lockdown but continued to pay the staff itself full pay for having to stay at home.
Fun fact. Primark is an Irish company. It’s called Pennys there but that name was already taken in the UK so they called it Primark
Its parent company is Associated British Foods now. Although it’s still headquartered in Dublin.
Great video.. Amazing work, thank you and big respect for the production !
Primark (Penney's, as I know it) is one of those businesses I don't like, but I'm still very impressed by. They started from pretty humble beginnings with 1 store on Mary Street in Dublin city centre, and while they've watched many shops on Mary Street change hands since 1969, Penneys has remained the entire time, evolving with the times, not trying to be a historic monument.
They've just continuously made the right moves to keep themselves in the public sphere and reinventing their image when things haven't worked for them. A lot of businesses have failed where Primark succeeded, it could have just as easily been them, but they've clearly had the right people steering the ship to be in such a strong position when a lot of other retailers in their space are struggling.
In my experience, taking a picky spouse to Trader Joe’s is the best way to get them to expand their horizons. Everything there seems so appealing even if it’s out of your comfort zone.
For anyone wondering, I was the picky spouse.
Did you know that if an employee over hears you express a desire to try a particular item without having to buy it, the employee will open that very product and let you taste it right then and there! You can tell that I really like the place!
@@robertafierro5592wow no way! I had no idea. That’s really cool
@@robertafierro5592 Trader Joe's worker here! Since the pandemic our store no longer has this option (although I'm not sure about stores outside our socal area!). Instead we now have an extremely lenient return policy, so if you don't like something just bring it back no questions asked!
They also accept Foodstamps! Even though they didn't hire me when I applied for a position on their team, I still.will.always shop there. They're Animal friendly and they always look out for their Customers. Their prices are simply Terrific and EVERYTHING is Organic.
I've ordered online with Chipotle several times and the food is always horrible. I assume they have different procedures to ensure the food is made and packed in a way that is conducive for delivery or takeout. In my experience, the food is overly dry or has too few ingredients to ensure the burrito is wrapped tight and doesn't leak. I always choose to go to the restaurant and some time eat inside. It's worth it to the company to maintain that experience for people.
I've had the same experience. I never order order Chipotle online anymore, always terrible. In person is fine.
OK LISTEN UP, I been struggling for two years with finding a good strategy and THIS ONE IS GOLDDDDDDDD. I can’t believe it was this easy. LOL THANKS YOU’RE THE BEST!!
I wish there was trader joe's in Canada
Quality content. Thanks
1:26 you guys showed Aldi but they actually don’t own Trader Joe’s. Aldi in the US is owned by Aldi Süd and Trader Joe’s is owned by Aldi Nord. They were started by two brothers who couldn’t see eye to eye so they went on their own. In Germany I think they don’t use Trader Joe’s I think they just use Aldi Nord and Aldi Süd
Thanks
Aldi Nord has "Trader Joes" branded items here tho :)
Aldi sud does own trader Joe as you mention. If you look closely you can see that the logo is different.
I’ve brought products from Aldi and Trader Joe’s that are exactly the same - identical in taste, color, size, etc BUT the external packaging was different. I’ve also seen produce with a particular supplier at Aldi’s being also sold at our local Trader Joe’s.
OMG yes please! And I really hope that they will bring the same Japanese food concept to Australia's 7-Eleven next!!!
Very Informative Thanks for sharing God bless
Good summary for the year
Spirit stores can be yearound store - do New Year day parties in store, Valentines, Easter, Spring fest, july 4th pariotic month, Summer picnic fest, haloween, thanksgiving, xmas. It can be almost year round. It should be the place to be for seasonal festivities year round.
Exactly..this current model is restrictive
Wow I never knew Irish retailer Primark/ Penneys were even in the USA😮
Worked at TJ Maxx for 12 years. Seemed like we did the best during the recession in 2008-09.
We'd get some shoppers coming in almost daily cause we'd always be putting out stuff and you can't count on it being there next time you visit. We did not keep a back stock and low level staff had discretion on where to stock each time. Often just shoving it on the shelves.
People like the treasure hunt for sure.
Love primark! What?! Primark opened in the US? Used to fly to europe just to go shopping to primark 😂
10:53 shows clip of Toronto Eaton Center despite making a point about UK vs US shopping experience 😂
Trader Joe's too.... didn't expect it. Currently watching with subtitles from Immersive translate app. Generated them in Spanish
TJs and Chipotle literally fav food co’s ever!!
Amazing content 👍
I bought a used a Rolex in 2020 on line. It’s beautiful and I got it before the boom. The value has more than doubled
Don’t fall in love with your favorite items at Trader Joe’s. It will get cancelled!.. I want my White Balsamic Vinegar back!
And the wonton soup!
cool thank you for this. this is the type of content i'm looking for in books but I don't have the time to read. so this is fantastic because i can learn while mopping my floor 😂
I left America 5 years ago, one of the thing I miss the most is shopping at TJ.
I'm from Germany so therefore I know Aldi and Trade Joe's. However I somehow got the impression that Trader Joe's is seen as expensive in the US. It always seems like a special occasion going to TJ in videos. Or am I confusing it with another store chain?🤔
True- maybe because of the size? The building and its items are sold in practical convenient size, whereas in "normal US grocery stores" everything is almost huge in size and has different options.
I love chipotle, looks like I’m going back again tonight after watching this video
Primark also known as Pennys in Ireland it’s homebase had to change its names for obvious reasons. The logical connection to the US was Boston because Boston Irish were already familiar with the brand Pennys
Wonderful video
LOVE TRADER JOES
correction on 3:56: Trader Zoe's can add and remove items to and from its shelves.
I like this. I always wondered how they survived. I never noticed it wasn’t around all year. The line was around the entire store when I went last year so it must be working. And party city seems to be struggling
I absolutely love a good TJ Maxx/Marshalls’s. However, I wish I understood their distribution strategy a little better. The TJ where I live is substandard. I don’t like a lot of the stuff there, and the store just feels dirty and always looks like a bomb went off. But I went to a TJ in Minnesota when I was visiting family, and it was exactly what I used to expect from them before I moved to where I am now.
Jose deserves it all!
they made a strategy together to advertise in wsj
the vocal fry is real
Don't understand why people purposefully speak like that.
I stopped the video bc of this
I don’t think it’s intentional
@@SprucedandGussiedit’s a hallmark of the California dialect… for many people it’s not a choice - it’s a regional accent
An excellent presentation, although I would have preferred that it would have been smaller episodes over a period of time. I've had to watch this, as time permitted, over several days.
Like how CNBC do theirs. Similar content and voice-over.
@@mr.188 True but, I enjoy the “feel” of WSJ.
Pennys (primark) is so good because of the price & its handy for kids clothes.
I once walked into a chipotle hyped by american food videos. Saw a burrito was 3 times the price of a döner, walked out and got a döner.
Great video
if tthey moved into California would be wild outside of the malls in the north big boom for them
Shrinkflation, average taste, average quality doesnt warrant the increase in prices. Let them SINK.
Is that the Trader Joe’s in Knoxville Tennessee? Time stamp 42”
I don't dislike trader joes, i just feel ike i have to hit two stores if go there. They don't have the selection. Great for someone that wants frozen or premade stuff...but if you actually cook its difficult to plan a meal and get everything you need there.
Super Good Compilation of business. Thanks
2 Buck Chuck!
59:07 pay 4 self pick up?
I appreciate this strategy. It really works well. I've been practicing with my demo account and I'm winning alot. Thank you for everything. You truly are the trader!
What? no loyalty program? I've been looking for years for a store without a loyalty program...is this true? And no, I am not being sarcastic!
What a treat!
So the strategy of the new Barnes & noble boss (ex waterstones) is to copy waterstones, even down to the exact same shelving.
Something about Barnes and nobles seemed mimicked
WATCHING FROM INDIA 🎉🎉🎉🎉
Like the 1,2 billion other people, now if you were from the Vatican City it would be more cool...
Erm…… okay?
Chipotle separate make lines dint exist as far as I've seen. I've been to maybe 5 locations where I'm in line behind 5 online orders that somehow take priority over in person customers. Not to mention how quality has fallen off a cliff.
Love Spirit Holloween!
Your new hairstyle suits you so well!
interesting when you compare these business strategies across various countries, Trader Joe an American owned subsidiary of aldi which uses the same business strategy in Australia. still Aldi in Australia doesn’t have near the market share of the duopolies Woolworths and Coles people seem to be blind to the higher prices just shows you that the sheep culture is alive and well
41:38 it's a uh-me mario - kills me everytime
This video offers a fascinating exploration into the strategies employed by some of the world's most successful businesses. From Trader Joe's focus on offering a limited range of items to T.J. Maxx thriving in recessions, each chapter delves into the unique approaches taken by these brands. By hearing directly from CEOs and business leaders, viewers gain insights into the reasoning behind these strategies and how they contribute to the companies' overall success. Whether it's the treasure-hunt model of Costco or the innovative offerings of Nintendo, this series sheds light on the economics driving these iconic brands.
Love Trader Joe's Imants Deme a loyal customer brought me to one in Buffalo NY. Wow. I asked why not in Canada. Answer Canadian taxes too high. $""
the Y's silent in ypsilanti homie. nicknamed 'Ipsi.'
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
Thank you for sharing this. I took the time to Google the individual you mentioned, and after reviewing his resume, it is evident that he is a seasoned professional. I have reached out to him and am eagerly awaiting his response
i never knew asian also talk with vocal fry
omg Im glad I wasn't the only one who noticed that, it was actually grating to my ears.
A 6 hrs flight to go to primark? 😮 I would fly 6 hours not to have to got there 😅
Those 60 thousand stores they open will be part of the 80kntjat close
Come to Vegas and teach me🌋
Chipotle: "It's not fast food. It's good food quickly." 😂😂😂
mind boggling the amount of views - comments is this botted or just really good 2nd monitor content
Yeah bro, betting on 4RA is so easy and winning is even easier 😎💰
Never knew Irish retailer Primark (Penneys) were in USA😮
The funny thing is, when they came out with the first electronic game. I think was Atari in 1976? My mother played it. Not so much her children. But then, I grew up when children played outside, and not with electronic devices. We put our shoes on and ran around town
So Aldi bought it and made it like Aldi?
The old chipotle strategy was charge people a fair price for a pretty darn good product with a good coutilization of ingredients.
The new strategy is to give people HALF the amount they used to give. My last two bowls were literally only half full and it seems to be a trend nationwide
I understand watching your efficiencies, but being frugal is goodm being cheapazz is bad.
They are chasing away customers
My wife said that she actually doesn't like the tomato sauce from trader Joe's, but she is a mega fan
I ❤ Trader Joe’s.
Even though I loved eating Chipotle for many years, I got sick eating a one location in Chandler AZ which was e-coli and Noroviruis a couple of months ago. This was confirmed by testing. I'm done eating at this places...
📈 My friend shared some betting strategies with me. Always good to have that extra insight, don’t you think
It's gonna take a lot of Spirit Halloween's to help this commercial real estate market
i love trader joe's, primark and chipotle lol
For next time, please put someone that can actually play tetris... 00:39:02 hurt my eyes
chipotle's menu is NOT small. its huge. they have more options like subway but its costimizable like you said.
Bananas are cheap in most stores as it's a loss-leader, purposefully sold at a loss to get more people into the store to buy other stuff.
Maybe true but even with all of the recent inflation prices only increased modestly at Trader Joe’s whereas prices increased massively at Safeway and other big grocery chains.
Dominos have left the small towns.
How to get a financial advisor
*Cynthia Mcclure Alexander* look her up
*Cynthia Depken offers fixed deposits, personal loans, business loans, NCD and tax saving bonds and also many more products like life insurance, health insurance, motor insurance, digital gold* . One can buy most of these products sitting at home and at any time during the day from any corner of the world.
I think the watches are my dad and grandpa thing. I don't wear a watch neither does any of my friends.
Learn Signaling Motivation in One Video
I'm shocked! How on earth did the WSJ make a programme about Trader Joe's without mentioning that Trader Joe's is a wholly owned subsidiary of Aldi, the privately owned giant German discount chain, which operates all over the world, including the US. Basically, what Trader Joe's is, is an upmarket Aldi. I really expected much better journalism from the WSJ
If it goes up dramatically I’m going to drop my contract to part time. Undergraduate and postgraduate student loans are already battering me. I’ll go back to full time when my student loans are written off.
If you want aluminum foil or Coca Cola, you are out of luck at Trader Joes. Come for the Scandinavian Swimmers, leave with your weekly shopping haul.
WSJ 😃
20:18