Money and Finance
- Hermes Changes Policy On Selling Handbags
French leather and luxury goods company, Hermes, has changed their arrogant position on selling their sought-after women's handbags. Previously, the retail branches for the store would amazingly not allow customers to special order their lofty women's...
- Stores Confront New World Of Reduced Shopper Traffic
Best Buy Co. on Thursday became the latest retailer to chime in with weak holiday results. Like other chains, the electronics retailer blamed the race to offer the deepest discounts, a game of brinkmanship that hurt profit margins and held back revenue....
- Chris Anderson On Why He's Leaving Digital For Diy
Found via Simoleon Sense. Wired's long-time editor in chief, Chris Anderson, announced on Friday that he was leaving the magazine to become CEO of his DIY-drone company, 3D Robotics. This move comes a month after the release of his latest book, Makers:...
- Competing With Amazon On Amazon
Thousands of small merchants depend on Amazon.com Inc. to reach customers who otherwise wouldn't know they exist. A few of them complain, though, that Amazon sometimes eats their lunch. According to some small retailers, the Seattle-based giant appears...
- The Surprising Link Between Jeff Bezos And Neil Woodford And What It Means To Dividend Investors
On the surface it appears that Amazon and Jeff Bezos are worlds away from anything a dividend investor would care about. After all, Amazon struggles to even show earnings, much less pay a dividend. But remember the first rule of investing, you are...
Money and Finance
Tomorrow’s Retail World – speech by Matt Atkinson, Chief Marketing Officer, Tesco
I’ve worked in retail for many years. But never before has there been such rapid and profound change as we see today.
A fundamental change not just in how people shop, but how they live their lives, and what their expectations are of the companies they spend their money with. These are seismic shifts, and require all retailers to look again at all aspects of how they serve their customers.
Change in the way people shop is being driven by the digital revolution. It is highly disruptive but that disruption creates extraordinary opportunities, and I’m going to talk today about those opportunities – not just in terms of what retailers sell and how we sell it, but how we communicate and behave as organisations, and how we can use those opportunities to make a difference to the world around us.
The most important principle of retailing remains the same. And it is this: the best retailers have always been built around their customers. Logic which is as true today as ever.
There is a big change though: the number of ways we can interact with consumers has grown exponentially. In tomorrow’s retail world the customer is in charge, and will choose how and when they interact with us from a wide range of options.
- Hermes Changes Policy On Selling Handbags
French leather and luxury goods company, Hermes, has changed their arrogant position on selling their sought-after women's handbags. Previously, the retail branches for the store would amazingly not allow customers to special order their lofty women's...
- Stores Confront New World Of Reduced Shopper Traffic
Best Buy Co. on Thursday became the latest retailer to chime in with weak holiday results. Like other chains, the electronics retailer blamed the race to offer the deepest discounts, a game of brinkmanship that hurt profit margins and held back revenue....
- Chris Anderson On Why He's Leaving Digital For Diy
Found via Simoleon Sense. Wired's long-time editor in chief, Chris Anderson, announced on Friday that he was leaving the magazine to become CEO of his DIY-drone company, 3D Robotics. This move comes a month after the release of his latest book, Makers:...
- Competing With Amazon On Amazon
Thousands of small merchants depend on Amazon.com Inc. to reach customers who otherwise wouldn't know they exist. A few of them complain, though, that Amazon sometimes eats their lunch. According to some small retailers, the Seattle-based giant appears...
- The Surprising Link Between Jeff Bezos And Neil Woodford And What It Means To Dividend Investors
On the surface it appears that Amazon and Jeff Bezos are worlds away from anything a dividend investor would care about. After all, Amazon struggles to even show earnings, much less pay a dividend. But remember the first rule of investing, you are...