Late last week the Neiman Marcus Group named former Ralph Lauren executive Geoffroy van Raemdonck as their new CEO, replacing company veteran Karen Katz (full disclosure: once my boss). While not terribly surprising given the company's struggles under a mountain of debt, extremely rocky "NMG One" systems implementation and largely stagnant growth, the move does come at a critical … Continue reading A tough agenda faces Neiman Marcus’ new CEO
Since the Whole Foods deal, more than a few industry analysts and pundits have weighed in on which retailers might be on Amazon's shopping list. Various theories underpin the speculation. Some say Jeff Bezos wants to go deeper in certain categories, so Lululemon or Warby Parker get mentioned. Foursquare (is that still a thing?) crafted its own … Continue reading Here’s who Amazon could buy next, and why it probably won’t be Nordstrom
It's no secret that mobile is becoming increasingly important in consumers' shopping journeys. Retail brands as diverse as Target and Neiman Marcus have alluded to the pivotal role that digital plays in driving both their online and physical store sales. And of course when we say "digital," often we mean mobile. In fact, for many retailers, mobile is becoming the front … Continue reading A very mobile Christmas?
While the "retail apocalypse" narrative is nonsense, it's clear that we are witnessing a major contraction in traditional retail space. Store closings have tripled year over year and more surely loom on the horizon. The "death of the mall" narrative also tilts to the hyperbolic, but in many ways it is the end of the mall as we know … Continue reading Honey, I shrunk the store
Amidst all the pain that most of the retail industry has endured during the past few years, the "off-price" sector has been one of the few shining stars. While most retailers struggle to eke out any top-line growth, the segment's big four--TJX, Ross, Burlington and Nordstrom Rack--have delivered solid growth. While many retailers are closing … Continue reading Is off-price the next retail sector to go off the rails?