Next Chapter or Last Gasp? What Aging Rock Bands and Brands Now Have in Common
Mark Tritton’s tenure as CEO of Bed Bath & Beyond has pundits proclaiming that Target’s strategies don’t always translate. Yet the big moves Tritton made didn’t mimic Target so much as follow the industry standard. Either way, the hurricane-force headwinds hitting Bed Bath & Beyond during its turnaround timeline intensified its business model challenges. In this cautionary tale of category killing and brand building, Carol Spieckerman deconstructs key decisions and explores whether hybrid hookups are the answer. She shares updates on her top retail trajectories that signal where retail goes next.
In this episode you’ll learn:
· Why variety really is the spice of retail life
· How portfolio-based plans solve retailers’ pain
· Why private brands aren’t a panacea
· Why defensive store environment fixes are past their prime
Relevant Spieckerman Speaks Retail episodes:
Not Everyone is Nike, Maybe That’s a Good Thing