Shares of Victoria’s Secret & Co. surged earlier this week following news of the appointment of Hillary Super as CEO to guide the next stage of the lingerie chain’s turnaround efforts. What other steps or investments may be necessary to revive growth?
Party City has been on a tumultuous roller coaster in recent years that led it to file for Chapter 11 bankruptcy in January 2023. With Barry Litwin’s recent appointment as CEO and Party City’s emergence from bankruptcy, what strategies should the company pursue to rebuild its market position and achieve sustainable growth?
-Eleven has secured liquor licenses for almost all of its nearly 60 locations in the province of Ontario to not only sell beer and wine for takeaway but also offer in-store consumption. Do you see this as a strategy that other convenience store operators should follow?
When it comes to department stores, just 1% of the highest spenders contribute to around 25% of sales, while the top 20% of spenders are responsible for 80% of the stores’ revenue. How can department stores balance the exclusive benefits for VIP customers with attracting and retaining a wider base of regular shoppers?
Walmart captured a record 37% of the U.S. online grocery market during the second quarter of 2024, steadily expanding its share in recent years as traditional supermarkets lose ground. What’s been the biggest contributor to Walmart’s acceleration of its online grocery growth?
Starbucks has appointed Brian Niccol as its new chairman and CEO, replacing Laxman Narasimhan, who is stepping down immediately. What key strategies might Niccol introduce to address Starbucks’ recent sales decline and operational issues?
In another example of pet pampering perhaps going too far, Italian fashion house Dolce & Gabbana has launched an alcohol-free fragrance mist for dogs called “Fefé” in honor of co-founder Domenico Dolce’s poodle. It costs 99 euros, or $108. The scent blends “fresh and delicate notes of Ylang Ylang, Musk, and Sandalwood” and comes in…
Customer loyalty programs are proving to be a decisive force in the retail industry. As they evolve, how should businesses adjust their strategies to attract new customers while ensuring long-term engagement and retention?
A new study finds that the words “artificial intelligence” in marketing cause many consumers to have a negative opinion of the product. How do you see consumers’ comfort with AI evolving?
Big Lots is on the verge of bankruptcy. Given the success of competitors like Ollie’s Bargain Outlet and TJX, what strategies have they implemented that Big Lots could adopt to address its financial issues?
