‘Learn by Doing’ and Other Lessons From Retail

‘Learn by Doing’ and Other Lessons From Retail

'Learn by Doing' and Other Lessons From Retail | Intelliretail.com

When Ron Johnson began working in retail, he was entering a startup field. “That’s when Mickey Drexler first went to the Gap from a department store” and when “Les Wexner, of Limited fame and Victoria’s Secret, invented the modern specialty store,” he recalls. “That’s when big box retailing started.”

Johnson, who started his career on the loading dock of Mervyn’s, later went on to Target, where his idea for selling a low-priced tea kettle led the discount store to remake itself. In April, he was pushed out of JCPenney after failing to turn it around, but he had plenty of wisdom to share on May 19, when he spoke at a View From the Top event. There, the newly minted founder of the Johnson Partners investment fund revealed what three decades in retail has taught him.

Source: ‘Learn by Doing’ and Other Lessons From Retail | Inc.com


Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us




Related posts

Family Dollar and the slow, surprising death of the discount store

Family Dollar and the slow, surprising death of the discount store


Family Dollar and the slow, surprising death of the discount store

What has happened to that great American archetype, the penny-pinching bargain shopper? Americans were once known to love a good deal; this is the country that invented ending every price with "$.99" Add to that the US economy has been less than robust for the past six years, marked by a recession leading into a rocky, dissatisfying recovery that includes a weak housing market and 10 million people out of work. Source: Family Dollar and the slow, surprising death of the discount store | Money | theguardian.com Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

iBeacons in retail stores blowing up app usage, ad engagement

iBeacons in retail stores blowing up app usage, ad engagement


iBeacons in retail stores blowing up app usage, ad engagement

One of the big debates regarding iBeacons, the tech that allows iOS apps to receive location-aware notifications over Bluetooth LE, is whether or not the experience will become intrusive for users. Imagine having your local grocery store’s app installed. Once the store has installed a few beacons, you could soon find yourself overcome with notifications as you walk around without ever even opening the app. You run the risk of users getting frustrated and potentially avoiding or deleting the app entirely. However, that hasn’t been the case when it comes to the iBeacons installed by inMarket in grocery stores across the country - app and ad engagement has skyrocketed since rolling out the platform. Source: iBeacons in retail stores blowing up app usage, ad engagement | 9to5Mac Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Can Department Stores Regain Their Relevance?

Can Department Stores Regain Their Relevance?


Can Department Stores Regain Their Relevance?

In the heyday of department stores, fashionable ladies flocked to luxury emporiums like Le Bon Marché, Bergdorf Goodman, Saks Fifth Avenue and Selfridges. Department stores were wondrous and bright communal playgrounds, places to socialise and explore the seemingly endless stock of goods, often from far-flung locales. In the fight for consumer dollars, department stores have lost significant ground to monobrand stores, specialty retailers and e-commerce players. Can they regain their relevance? Source: Reinventing The Department Store - BoF - The Business of Fashion Rights to all content (text, images, videos etc.) with post source. If you think these are wrongly attributed email us

Leave a comment