George Whalin
George Whalin
caught cost home middle pressure retailers street tremendous wall
Lowe's and Home Depot may have got caught in the middle of this. Retailers are under tremendous pressure by Wall Street to keep growing.... Should that be at the cost of a community? I don't think so.
caught cost home middle pressure retailers street tremendous wall
Lowe's and Home Depot may have got caught in the middle of this, ... Retailers are under tremendous pressure by Wall Street to keep growing.... Should that be at the cost of a community? I don't think so.
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We're continuing to see retailers cite the weather for either making or breaking their sales numbers. Frankly, I think is an excuse tailored to satisfy Wall Street. Wall Street is a little more forgiving if a major retailer blames weather for disappointing sales.
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China's distribution networks aren't as sophisticated as in the United States, especially away from the major cities. Finding the right location is critical. Retailers will have to tailor their marketing, promotions and merchandising to fit local tastes.
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This is a banner year for online retail sales. The weather was an enormous factor for the big holiday sales numbers. The other factor is that consumers are much more comfortable using the Internet and they're appreciating the convenience of it.
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Retailers have to be aggressive in the coming weeks. Those with attractive discounts will do well.
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Retailers are putting a great spin on this, saying that the customer benefits in the end. However, the self-checkout is not driven by customer service but by the retailer's objective to reduce costs.
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The retail business in general is strong, and Federated is doing well, considering it has stores in major cities such as New York and San Francisco, where the affluent shopper is driving a lot of sales.
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If you're not wanted in one neighborhood, California is big enough for retailers to find someplace else where they will be welcome.
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Generally retailers would like to have employees come to the store when they most need them. They want to staff stores when they are the busiest, like on weekends, near the holidays or when the weather is good or bad.
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The department store business has gone through enormous changes in the last 10 years and we aren't through yet. It's a retail format that doesn't have a great future in it. Consumers have decided traditional department stores aren't their favorite places to shop.
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The shopping buddy is an interesting concept but it's essentially an experiment. The future of traditional supermarkets isn't that good right now and companies operating in the channel have to find ways to capture the consumer's attention.
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These little niche markets such as banking and publishing don't make economic sense for Wal-Mart,
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Technological innovation always precedes demand. It's not necessarily what the market wants or is willing to adapt to,