
Saks Global: Another Trainwreck
Baker, as a real estate manipulator, gets high marks. As a retail leader and retail strategist, however, he has been an abject failure.
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Baker, as a real estate manipulator, gets high marks. As a retail leader and retail strategist, however, he has been an abject failure.

If I were sitting in the CEO chair at a major retailer — whether a mass merchant like Macy’s or Target, or a discretionary-driven specialty brand — I wouldn’t be betting on a boom. But I also wouldn’t be bracing for collapse.

The biggest surprise is that the economy is still chugging along as strong as it is. You’d think that the consumer would be shutting down with higher and higher prices. You’d think this Christmas would have seen a lot fewer goods. And it didn’t happen. Americans are still shopping until they drop.

Join Shelley and Eric Girouard who discuss how he built his BRUNT Workwear brand with the people who actually wear the work gear. They reveal how BRUNT was launched by childhood friends brought up in a blue-collar manufacturing town.

India’s consumer ecosystem is entering a defining decade, fuelled by a young, digitally fluent population, an expanding middle class and the rising economic influence of Tier II and III cities, which now account for over 60 percent of ecommerce transactions.

Walk into any modern supermarket and you’ll see the opportunism loneliness offers. In-store cafés with community seating. Cooking classes. Wine tastings. Sushi bars. Oyster bars. Even full sit-down restaurants. Wegmans’ Manhattan location dedicates an entire floor to prepared foods and dining.

The most highly visible hires in the retail world over the past few months have been at Walmart and Target. Both boards chose insiders to take over for CEOs who had led each company for more than a decade. Yet the contrast in the reaction within the industry couldn’t be more different.

Join Shelley with real estate experts Stephanie Cegielski, Vice President, Research and Public Relations of ICSC and Steve Morris, Founder of ASG as they reveal how retail real estate is operating from a position of strength driven by limited supply, disciplined development, and sustained demand for high-quality space.

For Old Navy or Gap, it’s a risky strategy to assume consumers will meaningfully find beauty or accessories as essentials. And the bigger risk is investing in these new categories before fixing foundational product and price discipline.
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