New is New
An excellent article headlined “Retailing’s Battlefield: Fight for Market Share” written by Evan Clark appeared in the March 10 edition of WWD. Clark artfully and convincingly made the case of how aggressively and brutally the fight to win today’s consumer’s transactions and loyalty really is, and how strongly success, and even survival, depend on retailers’ constant injection of change into their business strategies—changes in product categories and mix, changes in distribution channels, changes in pricing, changes in the paths used to reach their customers with their marketing messages. I agree that the magnitude and the pace of change have never been greater, but having worked in the retail industry for nearly 50 years, (I started working in an IGA grocery store at age 14), I also note that the industry has always experienced and been driven by significant change. Granted, current changes are dramatic, but in fact they are simply the current [...]