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The Stores Strike Back Again. Again.

The Stores Strike Back Again. Again.

FromRemarkable Retail


The Stores Strike Back Again. Again.

FromRemarkable Retail

ratings:
Length:
36 minutes
Released:
Feb 22, 2022
Format:
Podcast episode

Description

“Reports of my death have been greatly exaggerated.”- Mark TwainTurns out physical retail isn't dead. In fact, brick & mortar retail seems to be undergoing a renaissance of sorts.In this episode we go sans guest, and delve into how a few savvy retailers (e.g Target) started seeing their stores as assets rather than liabilities prior the pandemic and began investing heavily in them (The Stores Strike Back). We also discuss how COVID helped accelerate an appreciation of the hybrid roles stores need to play in an increasingly blended world of digital and physical, leading to a counter-intuitive increase in store openings (The Stores Strike Back Again). Lastly, we take on how both legacy retailers and digitally native brands alike are accelerating store opening plans to be more customer relevant and to address the profit challenges from much of e-commerce.But first we open up with retail stories that caught our attention this week, including what to make of yet another month of strong year-over-year retail growth. We also unpack Walmart's phenomenal profit turnaround and tepid e-commerce performance and then go up north to talk about Canadian Tire's blockbuster results. We also poke a bit of fun at Macy's salty news involving Wetzel's Pretzels and marvel at Door Dash's ability to incinerate cash.Jason Goldberg's Forbes article:Brick & Mortar Grew Faster Than E-Commerce in 2021.Steve's original Forbes article from January 2019:The Stores Strike Back Again.ICSC "Halo Effect"Photo by TOMMY VAN KESSEL on UnsplashAbout UsSteve 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  ,      The Food Professor  with Dr. Sylvain Charlebois and now in its second season, Conversations with CommerceNext!  You can learn more about Michael   here  or on     LinkedIn. Be sure and check out Michael's latest venture for fun and influencer riches - Last Request Barbecue,  his YouTube BBQ cooking channel!
Released:
Feb 22, 2022
Format:
Podcast episode

Titles in the series (100)

If you think the last few years of the COVID era was a wild ride, buckle up buttercup, things are only going to get tougher as retailers face escalating competition and increasing macroeconomic headwinds. In an era where even very good is no longer good enough, to rise above the rest our only choice is to choose to be remarkable. And making this remarkable mind shift requires that we aim higher, act more boldly and move much faster. As a C-level executive at two Fortune 500 companies, keynote speaker and strategic advisor to dozens of retail, consumer and technology brands, I help organizations accelerate their growth. I'm also the author of the recent best-selling book "Remarkable Retail: How to Win & Keep Customers in the Age of Disruption." Join me and my co-host Michael LeBlanc, Producer & Host of The Voice of Retail podcast, The Food Professor podcast and the Conversation with CommerceNext podcast as we explore the evolution of modern retail. Along with special guests, including top retailers and industry thought leaders, we'll explore the latest events within the retail industry and beyond for a lively and interactive journey to Remarkable Retail. Presented by MarketDial. © 2020-2022 M.E. LeBlanc & Company Inc. All Rights Reserved.