Featured: Carol Spieckerman on A Seat at the Table Podcast
Carol Spieckerman joins Inside Fashion’s Jane Singer for the A Seat at the Table podcast for a far-ranging discussion on retail’s hottest topics and Carol’s latest Retail Trajectories.
KEY TAKEAWAYS
Carol shared some of her top trajectories with Jane
Diversify or Die – Category, business model, and format diversification are the growth engines of retail’s future, with solutions and services at the top of the list.
Category Killing Kills – Category killing was a great model, until it wasn’t. Although pundits point fingers in other directions, lack of diversification is killing narrow-focused retailers like Bed Bath & Beyond, Party City, David’s Bridal and more. In an attempt to stay out of the category-killing pit, retailers and brands are opening online marketplaces that enable them to catapult into new categories overnight.
Buy, build, or Bridge? – It’s retail’s burning question as retailers decide when it makes more sense to make an outright acquisition, when to build solutions internally, or bridge to capabilities through platform partnerships. The most successful retailers are doing all three at once.
Mad for Ads – In-house retail media networks have quickly become the rule rather than the exception for retailers. Each retail is taking a different approach to the opportunity yet they are united in their mission to turn brands into paying customers.
Ubiquity is the New Exclusivity – Brands now have permission to roam as wholesale, owned retail, digital direct-to-consumer, online marketplaces, and social commerce encourage brands to exercise their options.
