Archive for September, 2016
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Where Is The Uber Of Fashion?
September 26th, 2016The shared economy is expected to reach $20 billion by 2020, yet retail’s contribution is evolving. A key challenge is mastering both on-demand service and inventory needs. I suspect the Uber of retail is out there, but it may require a role that the sharing economy has strived to eliminate.
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When Change Is In Store: How Starbucks, Stouffer’s And Others Manage Transformation
September 19th, 2016The old chestnut goes that the only constant is change, but in retail this is not true. The other constant is the risk of failure, and knowing how and when to make the correct change. A look at three major misstep areas.
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The Hidden Value Of Thanks: 3 Ways Apple, Lululemon And Others Do It
September 13th, 2016Recent research shows a third of consumers prefer that companies thank them in the form of points or miles – indicating the pervasiveness of loyalty programs. But retail interactions occur well outside purchase, and recognition extends beyond loyalty programs. How some retailers are thanking customers in fresh ways.
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5 Major Retail Fails From P&G, Macy’s, Walmart (And What They Teach Us)
September 7th, 2016Some of the most attractive investments in retail have proven disastrous. Fortunately, retailers have learned to rebuild from past mistakes. Following are five major retail fails, some of which passed under the radar, and what to learn from them.
