Where’s the urgency with retail brands?

Tom Dougherty, CEO – Stealing Share

16 May 2013

I mean, many of them are going to die

What does a rise in Macy’s profits of 3.8 percent in the last quarter mean to other retail brands? It means this is no time to be asleep at the wheel retailers.

JC Penney and Kohl’s are being mentioned as losers in most of the financial news stories. Can’t argue with that.

“All you need to do is get out of your own way and be willing to reinvent your importance to the shopping market.”

 

retail brandsBut what about Sears, Stein Mart, Dillard’s, Belk, Target, Walmart and even Kmart?

If you want to grow business as a store, retail brands need to do it at the expense of your competition. I think we all agree with that. But where is the sense of urgency and the absolute need for change in this category? I don’t see it anywhere.

The analysts assert that advancements in delivering online orders are mostly responsible for the good results for Macy’s. To my thinking, this is a thin and fleeting advantage.

As an expert in increasing market share, I can tell you straight out — there is room to take a lot of share in this category. All you need to do is get out of your own way and be willing to reinvent your importance to the shopping market. We know how to do this and yet no one from the category has called us to ask us how. Whoever calls first will win.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Where does Volkswagen stand now?

Volkswagen Brand Repair Tom Dougherty, CEO - Stealing Share 17 January 2018 Where does Volkswagen stand now? Brand repair often represents a daunting task because it means changing a belief system that exists in the market. That you stink. Volkswagen, after...

ALDI is unique, but is it better?

ALDI Tom Dougherty, CEO - Stealing Share 16 January 2018 ALDI is unique, but is it better? There was a time in my life where consuming food was my enemy, bringing about a battle with diabetes. Since then, I work hard at keeping my food intake at bay. Nonetheless, what...

Share This