Sears, aka "The World's Slowest Liquidation Sale," garnered a fair amount of attention recently with the announcement that they would open small stores featuring appliances and other home products called Home & Life. Perhaps having closed hundreds of stores over the past few years, the idea that Sears would "get off the mall" with new, more … Continue reading Sears tries small stores again and again. Here’s why they’ll fail once again.
On the heels of Lyft's $24 billion initial public offering--and what could be $100+ billion valuations later this year when Uber and WeWork go public--$20billsfor$15.com filed its S-1 on Friday. In its filing the 2 year old company--which bills itself as the first "disruptive currency" brand--said it would seek to raise $200 billion to fund … Continue reading $20billsfor$15.com seeks first $1 trillion IPO valuation
Last week, Shopko, the long-beleaguered department store chain, announced it would begin a complete liquidation. It now joins a growing list of once-prominent retail brands (Payless Shoes, Toys "R" Us, Gymboree) that first tried to shrink to prosperity, only to finally admit that the real issue was lack of customer relevance and that no turnaround was possible. An … Continue reading Another store bites the dust: Why retailers like Shopko fail
It seems like more and more brands didn't get the 'retail apocalypse' memo. As many in the media shout "bring out your dead," it turns out quite a few major retailers keep cruising along despite being heavily invested in physical stores. Sephora, which already has more than 1,100 locations (free-standing and within JC Penney stores), recently announced plans … Continue reading Ulta and Sephora keep defying the ‘retail apocalypse’
Once again ShopTalk proved itself to be the must-attend retail event of the year. The 4th annual conference was both bursting with people and content, having grown to more than 8,000 attendees, five tracks and a solid number of prominent main-stage speakers across four action-packed days. Most presentations and panels that I attended were strong. … Continue reading Four truths and a lie from this year’s ShopTalk