Best Buy’s Discounts Drop With Sales Quentin Fottrell/SmartMoney When big retailers struggle, shoppers might expect to be able to swoop in and score stellar deals. But in the case Best Buy, the sales are unlikely to satisfy those searching for “Everything Must Go” style prices. The retailer is in the midst of a massive restructuring […]
Archives for 2012
On the edge: An updated look at J.C. Penney and Best Buy
With sales plummeting nearly $1 billion dollars, I don’t think the new J.C. Penny price structure is having the positive impact that the company initially expected. Best Buy’s stagnant approach isn’t working for them, either. In this week’s Retail Rap, I look at both approaches and offer my opinion on what each company can do […]
4,000 items, from wine to shirts, priced to sell
4,000 items, from wine to shirts, priced to sell John Hielscher/Sarasota Herald-Tribune Costco Wholesale Corp. workers on forklifts whisked through wide aisles this week, topping off 20-foot high stacks of merchandise, while others hustled to prepare the discount members club for an eagerly awaited Friday opening. The nation’s third-largest retailer will swing open its doors […]
Sneak preview of Sarasota’s new Costco store
Sneak preview of Sarasota’s new Costco store John Hielscher/Sarasota Herald-Tribune Costco Wholesale Corp. workers on forklifts whisked through wide aisles this week, topping off 20-foot high stacks of merchandise, while others hustled to prepare the discount members club for an eagerly awaited Friday opening. The nation’s third-largest retailer will swing open its doors at 8 […]
Small-Mart: An urban legend in the making?
In this week’s edition of Retail Rap, I again touch on the downsizing phenomenon that we are seeing from big brands like Target, Wal-Mart and Office Depot and discuss why I think this may be a more important trend than many realize. While the smaller stores are designed to address one of the traditional headaches […]
Brand Equity Key to Wet Seal Turnaround If Buyout Takes Place
Brand Equity Key to Wet Seal Turnaround If Buyout Takes Place By Elaine Misonzhnik/Retail Traffic Struggling specialty apparel retailer Wet Seal has become the latest in a long string of chains looking to orchestrate a buyout. But it remains to be seen whether Wet Seal’s brand value is strong enough to allow a private owner […]
