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Mapping the New Consumer Path to Purchase

We’ve been told a consumer’s path to purchase proceeds in a straight line: awareness, familiarity, consideration, purchase … and if done right, it leads to loyalty. It’s a logical step-by-step progression model and gives brands the confidence to manage customers’ engagement and activate them along each step in their journey.Illusion UnveiledThe problem is that this […]

Bloomingdale's new Bloomie's store

Bloomingdale’s Introduces a Scaled-Down Bloomie’s Store in order to Scale-Up

The future of multi-brand retail, particularly in the luxury sector, hangs in the balance. Now Bloomingdale’s introduces an innovative concept called Bloomie’s that is a model of how multi-brand luxury retail can be reinvented then scaled.Multi-brand luxury retail stalledFor the last decade, luxury department stores have been fighting a losing battle trying to attract the […]

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Working for Small Business, American Express Invites Customers To ‘Shop Small’ All Year Long

No question about it: The pandemic did as yet incalculable damage to small businesses across the country. Help is needed now and American Express is giving it with a $100 million investment to jump-start small businesses this summer.How bad was it?Vice President Kamala Harris, who is acting as the Biden administration’s ambassador to small business, […]

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‘Mall Whisperer’ Rick Caruso On What It Takes to Be Successful in Retail – Any Retail

As the world begins to open up from the pandemic shutdowns, malls across the country are feeling the love. In March, mall visits jumped 44 percent ahead of February, according to Placer.ai, based upon visit data tracked across 50+ malls in the U.S. in both urban and suburban centers.While April visits held just about level […]

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How Signet Differentiates Kay and Zales To Expand the Mid-Priced Jewelry Market

Following a challenging pandemic year when Signet Jewelers’ sales declined 14.8%, the company’s turnaround began in earnest during the second half of the fiscal year. Fourth quarter sales rose 1.5% – and 5.1% in North America where the company generates over 90% of revenue.The company’s recovery continues apace, with revenues reaching $1.7 billion in first […]

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