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25 Companies Revolutionizing Retail

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Ever since the rise of a retail apocalypse forced thousand of brick and mortar stores to close, brands that we shop from every day are doing everything they can to keep up with changing shopping habits. From online start-ups to some of the biggest companies in US, these 25 companies are the ones who are making the biggest changes when it comes to the way we shop. Scroll down below to see the list compiled by This Is Insider.

1. Amazon has its hands in everything

Why it’s revolutionary: “No one disrupts retail like Amazon,” Natalie Berg, retail insights director at Planet Retail RNG, told Business Insider.

The company is also ramping up its presence in fashion/groceries. In June they launched Prime Warderobe with a service try-before-you-buy. The costumers can try the clothes before they decide if they want to keep them and the more items they keep the bigger the discounts are. They also announced plans to buy grocery chain Whole Foods for $13.7 billion in June where the chain has 465 physical stores. The stores will allow Amazon to expand its footprint in key cities in US.

Headquarters: Seattle, Washington

Year founded: 1994

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Source: Facebook/Amazon Fashion

2. Ulta Beauty is making brick and mortar relevant again

Why it’s revolutionary: The company is the largest beauty seller in US offering in-store salon services, The 27-year-old company has become the largest beauty seller in the US. By offering in-store salon services, customers have a reason to come into stores to shop. People can also use their app to scan product barcodes.

Headquarters: Bolingbrook, Illinois

Year founded: 1990

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3. TJ Maxx is changing department stores

Why it’s revolutionary: TJ Maxx’s off-price business model is not new so it continues to be one of the most successful companies in the retail sector. The discount shopping became popular during the recession so shoppers have to return to full price stores like Macy’s and Nordstorm. Despite these companies, TJ Maxx was ahead of the trend and able to capitalize on this shift.

Headquarters: Framingham, Massachusetts

Year founded: 1976

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4. Aerie abandoned airbrushing while capturing the hearts of young and happy women

Why it’s revolutionary: Aerie has made a huge step when it comes to the body positivity movement by refusing to airbrush models on its campaign. The brand has had a huge success where the brand saw 13 consecutive quarters of double-digit sales growth.

Headquarters: Pittsburgh, Pennsylvania

Year founded: 2006

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5. Modcloth with plus-size clothing

Why it’s revolutionary: ModCloth has been leading the way in the plus-size revolution. It offers larger sizes and gained a reputation for its inclusive, pro-feminist business practices.

Headquarters: San Francisco, California

Year founded: 2002

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Source: Modcloth Facebook

6. Lidl sells quality products very cheaply

Why it’s revolutionary: The German grocery chain arrived in the US in 2017, and it’s 50% cheaper than its competitors while offering high quality products.The main reason the prices are so cheap is that about 90% of their products are private-label brands.

Headquarters: Neckarsulm, Germany

Year founded: 1973

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7. Peloton bringing boutique spin classes into your living room

Why it’s revolutionary: When it comes to boutique fitness classes, Peloton is definitely changing the game. They sell a $1,955 stationary bike which streams live and pre-records spin classes to work on your own without going to a gym. The company raised $325 million in May and has tripled its revenue in one year.

Headquarters: New York, New York

Year founded: 2012

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8. Instagram, the marketplace of products

Why it’s revolutionary: Because the social network is not just a place to share pictures anymore. Instagram features personalized ads where you can buy a product directly from your feed. You can basically click tap-to-view and select shop now.

Thousands of other retailers advertise on the app including Nike and a lot of makeup brands.

Headquarters: Menlo Park, California

Year founded: 2010

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9. Blue Apron offers consumers to make restaurant-style meals for half the price.

Why it’s revolutionary: The meal kit market generated an estimated $1.5 billion in US sales in 2016. It provides pre-measured ingredients and recipes every week for meals that cost $20 for two people.

Headquarters: New York City, New York

Year founded: 2012

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10. Adidas is bringing 3D shoes to the masses

Why it’s revolutionary: The company partnered with the startup Carbon who uses a photosensitive resin that hardens at light hits it to create the sneakers. Adidas is planning to make 5,000 3D pairs this year and 100,000 in 2018.

Headquarters: Herzogenaurach, Germany

Year founded: 1949

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11. Sweetgreen making the salad cool again

Why it’s revolutionary: The company is having a lot of success with its $10-plus organic salads. Until 2016 it had its own music festival called Sweetlife. They have 67 locations in US so you’ll probably find a line out of the door.

Headquarters: Washington, DC

Year founded: 2007

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12. Bonobos is mastering showrooming

Why it’s revolutionary: The online retailer was bought by Walmart for $310 million in June as a move to get in with the millennial market. The company has the so called “Guideshops” where costumers can try on clothes to make sure they fit well.

Headquarters: New York, New York

Year founded: 2007

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Source: Facebook/Bonobos

13. Apple changing the way we pay

Why it’s revolutionary: Apple completely changed the way we shop, and it seems like swiping your credit card will soon be a thing of the past. Apple Pay is now the mobile payments standard surpassing PayPal.

Headquarters: Cupertino, California

Year founded: 1976

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14. Walmart trying to transform an e-commerce company

Why it’s revolutionary: The company’s investment in e-commerce has been unprecedented for a traditional brick and mortar retail store. This retail acquired Jet.com in August 2016 for $3 billion in cash and $300 million of Walmart shares.

Headquarters: Bentonville, Arkansas

Year founded: 1962

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15. Casper eliminated the hassle involved in buying a mattress

Why it’s revolutionary: The company sells one mattress style in six different sizes. They are sold online in compact boxes and they cost between $550 and $1,150.

Headquarters: New York, New York

Year founded: 2013

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16. Warby Parker making glasses cool and cheap

Why it’s revolutionary: The company made it possible to shop the glasses without entering a store. There’s a five-question quiz that helps determine which shape and style the costumers want. Warby Parker even sends costumers five different pair and gives them days to try on.

Headquarters: New York, New York

Year founded: 2010

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17. Wayfair is making furniture more accessible

Why it’s revolutionary: This online furniture store launched a new “search with photo” feature that allows the costumers upload pictures of the furniture they like. Then, they try to give them similar choices to buy.

Headquarters: Boston, Massachusetts

Year founded: 2002

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Source: Wayfair

18. ASOS is pioneering ultra-fast fashion

Why it’s revolutionary: ASOS takes between two-eight weeks to bring a product beating fast fashion retailer Zara. They also constantly refresh their products for customer frequency.

Headquarters: London, United Kingdom

Year founded: 2000

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19. Elf Cosmetics brings inexpensive, quality makeup.

Why it’s revolutionary: Elf Cosmetics sells beauty products at affordable budget prices.

“The makeup is cheap and affordable so it’s a low-risk purchase but it’s high quality,” Bridget Weishaar, a senior analyst at Morningstar, told Business Insider.

Headquarters: New York, New York

Year founded: 2004

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20. Dollar Shave Club is saving men hundreds of dollars

Why it’s revolutionary: The company has made a revolution when it comes to men’s grooming. This service allows costumers to set up a subscription and have razors delivered for only $1.

Headquarters: Los Angeles, California

Year founded: 2011

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21. Sephora using technology to try before they buy

Why it’s revolutionary: The brand is making beauty high tech. This mobile app allows you to apply different types of makeup without touching their face. If you find the perfect look then the app will tell you exactly which products were used.

Headquarters: Paris, France

Year founded: 1970

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22. Starbucks, the coffee shop of the future.

Why it’s revolutionary: Starbucks is trying to create the dream coffee shop where customers can order and pay on their mobile devices.

Headquarters: Seattle, Washington

Year founded: 1971

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Starbucks mobile order and pay. Starbucks, via The Motley Fool

23. Stitch Fix has made a personal shoppers for all

Why it’s revolutionary: The brand makes shopping easier for people who don’t have time to look for clothing online or in stores. The customers fill out a detailed costumer profile which allows Stitch Fix to determine what clothing will best suit them. Legendary!

Headquarters: San Francisco, California

Year founded: 2011

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24. Ollie’s Bargain Outlet, scouring the nation for bargains

Why it’s revolutionary: The company sells surplus merchandise from different retailers, suppliers, and manufacturers. The buyers look for overstocked products, refurbished goods or irregulars from manufacturers.

“Ollie’s may purchase the undamaged inventory and put it in our stores at drastically reduced prices. Yes, it might smell a little smoky, but it’ll be so cheap that you won’t mind!” the company says online.

Headquarters: Harrisburg, Pennsylvania

Year founded: 1983

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25. Brooklinen making luxury bedding affordable

Why it’s revolutionary: The famous brand launched on Kickstarter three years ago to sell luxury bedding with a reasonable price. The company pulled in $2.5 million in 2015 and is set to quadruple that number in 2016, Business Insider reported.

Headquarters: Brooklyn, New York

Year founded: 2014

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Source: thisisinsider

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