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Do Department Stores Have a Future (Part 2)

Do Department Stores Have a Future (Part 2)

Season 3 Episode 7 Published 4 years, 9 months ago
Description

After a robust kick-off discussion on the future of department stores last week, we return to go even deeper on how department stores went from being the original "must visit" everything stores to also-rans during the past two decades. We unpack how many iconic players have experienced "death by a thousand cuts", dispel the notion that the sector's woes are largely Amazon's fault and consider why stores closings are likely only making the situation worse. We also discuss which players have a chance for a turnaround, what it will take, and whether smaller, "off the mall" concepts (like Nordstrom Local) are the keys to making that happen.

But first we open up the episode with our quick takes on recent retail news that caught out attention, including stellar earnings reports from RH and Lululemon, the expansion of Amazon's walk-out technology to Whole Foods and whether supply chain challenges and labor shortages will be the Grinch that stole Christmas.

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Steve Dennis is an advisor, keynote speaker and author on strategic growth and business innovation. You can learn more about Steve on his       website.    The expanded and revised edition of his bestselling book  Remarkable Retail: How To Win & Keep Customers in the Age of Disruption is now available at  Amazon or just about anywhere else books are sold. Steve regularly shares his insights in his role as a      Forbes senior contributor and on       Twitter and       LinkedIn. You can also check out his speaker "sizzle" reel      here.


Michael LeBlanc  is the Founder & President of M.E. LeBlanc & Company Inc and a Senior Advisor to Retail Council of Canada as part of his advisory and consulting practice.   He brings 25+ years of brand/retail/marketing & eCommerce leadership experience, and has been on the front lines of retail industry change for his entire career.  Michael is the producer and host of a network of leading podcasts including Canada’s top retail industry podcast,       The Voice of Retail, plus        Global E-Commerce Tech Talks  and       The Food Professor  with Dr. Sylvain Charlebois.  You can learn more about Michael       here  or on       LinkedIn. 

Join us at the CommerceNext Growth Show in New York June 23rd and 24th with this exclusive discount code for 10% off general admission tickets and FREE retail tickets:  Your code is "REMARKABLE" .  See you in the Big Apple!

 

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Steve Dennis is a strategic advisor and keynote speaker focused on growth and i

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