Britt Beemer
Britt Beemer
assume responsibility
The first thing you would do is you'd assume responsibility,
aware chains department gift income instead retain spend store
A middle-income shopper may migrate to a Nordstrom from a Macy's and spend $65 instead of $45 on a gift because they are serviced better at a Nordstrom, ... Department store chains like Sears and J.C. Penney need to be very aware of this if they want to retain their shoppers over the holidays.
costs item percent rack retailers sell shelf
It costs some retailers as much as 20 percent per item to retag it, get it back on the shelf or rack and try to sell it again.
costs item percent rack retailers sell shelf
It costs some retailers as much as 20 percent per item to re-tag it, get it back on the shelf or rack and try to sell it again.
certainly guarantee people talking
It certainly is a niche. But there's no guarantee of success. You just have to have people talking about it from the day you open.
attitudes christmas consumer customer felt help hurt instead last loyalty people percent pricing profits shift stores year
I think the big story of Christmas will be this shift in consumer attitudes where people felt that stores gouged them with their pricing strategy. The 30 to 40 percent discounts this year instead of the 50 to 70 percent off last year will help profits but will hurt customer loyalty in the long term.
broader cannot focused
I think that Wal-Mart has come to the realization that it cannot be focused on low-prices alone. They need a broader offering.
accessible aggressive america forgive humble martha
I think they've got to be aggressive and to make Martha more accessible initially, ... America has got to know that she's not the same defiant Martha she was before. That's the challenge. If she can be humble through all of this, I think America will forgive her.
average buy clearly consumers escape facts hard interested meets negative number origin products purchased sells week
It's hard to escape a week without some negative story about Wal-Mart. Let's look at the facts. Wal-Mart is clearly the number one retailer in America. Average consumers have to buy the products that Wal-Mart sells and they do this each and every week. The consumer isn't interested in the origin of the products purchased as long as merchandise meets their expectations.
ceo domestic equal experience flipped future looks side
It's interesting they flipped the jobs. They want the future CEO to have experience on the domestic and international side equally. It may be that Wal-Mart looks at the international side as equal to the U.S.
consumer goes stores
The consumer that's going to Wal-Mart is going to be very price-driven. The person who goes to one of these stores may be very high-tech-driven.
caught change consumers deal extremely retailers short
Retailers are caught in a 'Catch-22' situation. Their costs, such as transportation costs, are going up and this is not going to change in the short term. Meanwhile, their consumers are going to be extremely deal focused.
giving january plan retailers sales stayed strong
Retailers had a sales plan for Christmas, stayed with it and then benefited from a very strong January without giving up margins.
average compared lower parents plans spending year
Parents have much lower spending plans this year, with the average at $296.20 compared with $411.24 a year ago.