Retail insights at the intersection of now and next. Unfiltered. Unbiased
Ralph Lauren is one of the few luxury brands that has made belonging (aspirational and authentic) an art. Its long-standing relationship with Wimbledon reflects how RL has created a circle of belonging using cultural traditions as a portal.
The garden of retailing is littered with examples of retailers that once had a singular successful point of view but have lost their way. Oversight, if not consistent supervision, is mission critical. There is a fine line between encouraging talented and committed team members to fully express themselves in the decisions they must make while at the same time keeping everyone in the organization on the same page of the hymnal. This balancing act must encourage innovative thinking and action, while protecting the business’s underlying point of view.
Cracker Barrel is becoming a TRR ongoing miss. Just when you thought its earnings release showing positive numbers was a good thing, a few paragraphs down, there was the classic retail pitfall that has tripped up so many companies over the years.
Join TRR contributors Phil Lempert, the Supermarket Guru and Warren Shoulberg, TRR Hit or Miss Editor, as they review the crisis facing retailers and American consumers. There is a deeper problem behind the crisis; FDA gave Taylor Farms the all-clear, only to reverse itself.
The thing about slow burns is that they are usually unnoticeable until it’s too late. Think of a forest fire. In context of retail, we are veering toward a commodity culture, a marketplace of imitation marketing and product development, and an increasingly transactional mentality.
Who’s watching the lettuce? A market that’s learned it can shrug off a cyclospora headline in one quarter is also a market that isn’t anticipating what will happen when the agencies meant to catch contamination early are running at 75-80 percent strength. Retailers and restaurants can no longer assume FDA has their back.
Asia’s infatuation with Western expansion has hit a few speed bumps. EU legislators and watchdogs have put guardrails in place against the proliferation of cheap, unsustainable imports, and brands are devising production alternatives to dependence on Chinese manufacturing. Consumer sentiment is changing, and questions have been raised about whether the Chinese model is durable in the long term.
TikTok Shop has become the ideal environment for this shift toward affordable luxury because it combines product discovery, education, entertainment, and purchasing into a single experience. Creator reviews, tutorials, and product demonstrations help consumers justify purchases that feel aspirational without carrying a luxury price tag.
Like many people, we want JCPenney to succeed; there are some good pros there and they have been working hard to turn this thing around. But we just saw yet another quarter of dismal financial results: sales off 4.6 percent and a net loss of $65 million.
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