by stevenpdennis | Oct 9, 2023 | Being Remarkable, Growth, Remarkable Retail
Anyone who follows the machinations of the retail industry will know that many struggling retailers continue to put forth breathless pronouncements of their alleged transformations. Yet the department store industry in particular seems to be the poster child for...
by stevenpdennis | Jun 20, 2022 | Growth, Leadership
Target is the latest retailer to reveal that it bought too much stuff and will need to take aggressive action to get its inventory levels back in line. These moves will include cancelling orders and hitting a lot of products with the old markdown gun. CEO Brian...
by stevenpdennis | Mar 22, 2022 | A Really Bad Time to Be Boring, Growth, Strategy
Earlier this month Kohl’s used its Investor Day presentation to boldly declare that it was no longer a department store, but rather a “focused active and casual lifestyle destination.” The management team then laid out a series of initiatives designed to bring that...
by stevenpdennis | Jan 13, 2020 | Growth, Retail
Yesterday Radio Shack announced it’s closing 1,100 stores, nearly 20% of their total. Earlier this year, JC Penney took the axe to 33 units, amidst a rising call of analysts pushing for more aggressive real estate pruning. Sears has closed some 300 units across the...
by stevenpdennis | Jan 13, 2020 | Growth, Innovation, Retail
In politics, finding the middle ground is often challenging, but typically it’s what is needed to make societal progress. In conducting our own affairs, behaving moderately–what the Buddhists call “the Middle Path”–is usually the best way to find happiness and...
