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Last week I blogged about Walmart’s acquisition of Jet. com, for $3.3 billion. In one fell swoop, Walmart gained Jet’s revenues (estimated at over a billion dollars its first year, nonetheless unprofitable), several distribution centers, 12 million SKUs, a growing […]
[…] in 2020, with strategy reduced to one. The overarching themes I observed were the consumer economy, sustainable retail (including re- commerce) and tips for thriving in the age of Amazon. He Who Shall Not Be Named While Amazon was not […]
In 2019, nearly half of all e commerce sales happened on mobile devices. We\’ll get even closer to 50 percent in 2020 and should tip over the halfway mark by 2021 when the majority of e-commerce transactions will happen on […]
[…] opposite pole, NPD is forecasting a relatively unexciting 2.7 to 3.2 percent. With six fewer shopping days between Thanksgiving and Christmas this year over last and high levels of inventory due to early over-buying to offset potential tariff increases, I […]
[…] in 2021 – and that includes the retail brands that make up our local communities. Quit complaining. Help each other. Feed the hungry (use your foodservice resources). Clothe the people in need (excess inventory). Make the store a hub for […]
[…] business has been on the rise again for the past few years. In a bid to continue that momentum, the company recently unveiled a multiyear exclusive partnership with iconic toy retailer FAO Schwarz. But with the economic backdrop weakening and […]
[…] was appointed Target’s CEO, becoming the retailer’s first CEO hired from the outside instead of being appointed from within the company’s hierarchy. At any company, when a long-standing practice concerning the appointment of the top-level executive is changed, it usually […]
[…] I wrote that he was “putting his money where his mouth was”. Indeed, to execute his bold plan he was committing a $7 billion-plus capital investment to implement the strategy. The “defining stage,” according to Cornell, was 2017, to be […]
[…] to become intertwined strands of any major national discussion, Minnesota-based Target Corporation’s recent decision to move to the back or completely withdraw selected Gay Pride/LGBTQ+ merchandise from its stores marks a new low in Fortune 500 cowardice. Specifically, what has […]
[…] reading the pulse of young Gen Z families and their frugal discipline, or is dealworthy a shift in strategy to compete more directly with the other discount and off-price giants? The dollar stores come to mind. Gen Z’s or Competitors? […]
