Archive | January, 2021

lowes stores

Turning ‘House into Home’ Is Lowe’s Strategy to Take Market Share

Back in 2018, not long after Marvin Ellison took the reins as CEO of Lowe’s, he outlined a three-year strategic plan with the first 12 to 18 months devoted to strengthening retail fundamentals – merchandising, supply chain, operations and customer engagement. The next 18 to 36 months would be used to build up the fundamentals for […]

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Malls comeback

There’s Hope for Malls: Here’s a 3-Step Plan

The news on the mall front remains depressing at best. Coresight Research, along with many other respected firms, continue to predict as many as 25 percent of the nation’s malls may close over the next three to five years. And there could be even more “if we can’t stop the bleeding,” said Coresight CEO Deborah Weinswig. Currently […]

social media photo-1522159698025-071104a1ddbd

Bottega Veneta Shuts Down Its Social Accounts. Will It Start a Trend?

Without warning and with no explanation, Kering-owned Bottega Veneta just closed down its Instagram, Facebook and Twitter accounts. Its abrupt halt to social media promotion has left the luxury fashion world stunned. With e-commerce doubling its share of the personal luxury goods market in 2020, from 12% in 2019 to 23%, and with its share […]

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Conscientious luxury

Luxury Enters the Era of Conscientious Luxury

This year’s fifth annual State of Luxury report takes a look back at the year that was, but more importantly, looks ahead to what 2021 holds for companies competing in the luxury market. As 2021 dawns, it will be a year of transition for the luxury market after the reset brought on by the Covid-19 […]