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Retail's Year of Living Efficiently

Retail's Year of Living Efficiently

FromRemarkable Retail


Retail's Year of Living Efficiently

FromRemarkable Retail

ratings:
Length:
46 minutes
Released:
Jun 27, 2023
Format:
Podcast episode

Description

In our final episode of our sixth season we briefly share our mid-year highlights before dipping into the week in retail news, which includes the prospect of a UPS strike wreaking havoc on the world of e-commerce. Then we reflect on Overstock's fire sale scooping up of Bed, Bath & Beyond's intellectual property and how the Container Store and Dormify hope to vill the back-to-school void. We then try to make sense of the rumor that Neiman Marcus may sell of its Bergdorf Goodman division, tying the broader troubles among luxury department stores to shifting go-to-market requirements.Then it's on to our main topic which centers on how economic headwinds seem to be turning 2023 into a year of efficiency. In that context we remind retailers that cost cutting and store closings don't address underlying issues of customer relevance ("bailing doesn't fix the hole") and that we need to careful not to confuse efficiency with effectiveness. Mostly, Steve shares some of his key "do's" and "don'ts" to be smart about addressing sales and margin pressures while remaining committed to an building an innovation pipeline and sustaining important transformation efforts. About 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 eCommerce Leaders podcast, and The Food Professor  with Dr. Sylvain Charlebois.    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!As a reminder, we're taking next week off, followed by a couple of encore episodes, before returning with Season 7 July 25th. 
Released:
Jun 27, 2023
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.