Tom Dougherty, CEO – Stealing Share
16 May 2018
Target Restock at least makes an attempt
Retailers, want yet another example of the death spiral you are in? Target announced yesterday that it is expanding next-day delivery service Target Restock nationwide to its 800 stores by the end of the year.
The Target Restock initiative now joins Walmart and Amazon in the quest to basically eliminate the traditional brick-and-mortar retailer. Sure, orders are fulfilled using the stores (for now). But it seems like only a matter of time when all those stores become expensive warehouses.
And retailers wonder why they can’t get people into their stores.
“I read grandiose statements like, ‘retailing is dead.’ Actually, retail is NOT dead. It just exists in a state of massive change with retailers getting out if they can’t keep up.”
Will Target Restock keep the retailer relevant?
I read grandiose statements like, “retailing is dead.” Actually, retail is NOT dead. It just exists in a state of massive change with retailers getting out if they can’t keep up.
Dinosaurs like Macy’s and Sears and the now defunct Toys-R-Us (and its kinky domain names) know the folly in holding on to the traditional retailing model. They are either too stupid or too stubborn or both to do anything about it. Sears at least sees the writing on the wall enough to partner with Amazon. (If you can’t beat them, let them take you over slowly, I guess.)
I don’t know where this will all eventually play out. I do know that I am personally finding less and less reason to visit physical stores. You can have your groceries, socks, paper towels and even glasses delivered to your front door, all without stepping foot into a store. You can even order delivery from McDonald’s, if you are so inclined.
Target Restock at least signals a retailer actually controlling its destiny. I have no doubt this is an expensive endeavor. But the reality is you have to break a few eggs to make an omelet. And Target is breaking a few dozen. Good on them.
Hardees brand Tom Dougherty, CEO - Stealing Share 19 November 2018 The tragedy of the Hardees brand What has happened to the Hardees brand? A few weeks ago, I wrote that the new ad from Carls Jr (Hardees western US partner) was simply an amusement for those at...
Walmart delivery Tom Dougherty, CEO - Stealing Share 15 November 2018 Walmart delivery idea represents a great opportunity Buried deep inside a report that Ford and Walmart delivery are teaming up sits an interesting tidbit. The service, now in pilot stage in...
RTW Retailwinds Tom Dougherty, CEO - Stealing Share 14 November 2018 A company changes its name to RTW Retailwinds? The women’s apparel retailer, New York & Company, changes its name to RTW Retailwinds. And I think the new name sucks.Greg Scott, Chief...