After an extended search for a new president at Bergdorf Goodman, New York City’s luxury shopping mecca, Neiman Marcus Group just announced Darcy Penick will take the helm on September 4. Penick will replace Joshua Schulman, who jumped ship to become brand president of Coach in April 2017. Penick joins Bergdorf Goodman after serving in various positions […]
Archive | Retailers & Retailing
RSS feed for this sectionCan Walmart’s Mass-to-Class Strategy Work?
Walmart is undergoing a massive corporate makeover. With $500.3 billion in total revenues worldwide in 2018, 11,700 stores and 2.3 million associates, it is a long-term project that will take place on many fronts. Change and corporate transformation in its business and culture were CEO Doug McMillon’s primary theme in remarks at the June 1 Walmart […]
Trump Economy Has Been Good To Retailers, But Retailers Should Avoid Getting Too Political
For retailers, one of the more actionable findings in a book full of them by Paco Underhill, Why We Buy: the Science of Shopping, is that after people enter a store, they invariably turn right to start their shopping trip. That makes the space to the right side of the door prime real estate for any […]
Wayfair’s Way Day Brought Traffic, But Did It Bring Sales?
On April 25, Wayfair offered a day of “amazing deals” on all that’s home, right when more people are moving or on the lookout for fresh home decorating excitement. “Spring is the season when our customers are especially focused on sprucing up and furnishing outdoor spaces in anticipation of warm weather and summer entertaining,” said […]
Battle of the Fast Fashion Giants: Why Zara Wins, H&M Loses
Fast fashion is the darling of the fashion retail today. Whereas women’s clothing store sales have declined 2.7 percent from 2016-2017 in the U.S., a recent report from Hitwise shows the fast fashion market has grown 21 percent worldwide over the past three years. Two brands are the leaders in the fast fashion market: H&M […]