The retail industry, specifically large brick and mortar retailers, is continuing to struggle against fierce competition and changing consumer tastes. This article highlights some specific reasons why Macy’s, KOHLS, and JCPenney have suffered and have closed stores as a result. Malls continue to see traffic shortfalls, and large anchor tenants like these retailers suffer proportionately. Plus, lower pricing and availability of trendy merchandise elsewhere for retailers with faster supply chains make it hard for these big guys to compete. Troubling trend and not sure there is an end in sight. Check out the full article for some details I missed.
Archive for January 2016
Pretty interesting take on change management Here. Although I think that it’s missing some relevant information and observations of why certain people reject change more than others. Plus, not all individuals want growth, which breeds uncertainty. Some people like stability and predictability, which I believe are fundamentally different than change and growth. Enjoy!