There are some notable statistics and developments in this article including: + More than 10% of Targetβs sales came via digital channels. + Stores are promoting in-store pick up. + Stores are shrinking their sizes. Kohlβs is subleasing space to Planet Fitness. + Stores continue to create new private labelsβa strategy that is very popular with Amazon. + Stores are benefitting from other stores failing. For example, Toys R Us closing helped Target and Kohlβs.
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May 6, 2018
May 6, 2018
Indie toy stores are getting a bit of relief with the closing of Toys R Us reports the Boston Globe.
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March 14, 2018
March 14, 2018
Here's one example of a business wishing it didn't leave gift cards unredeemed: Toys R' Us
Toys R Us to close 182 stores. Sadly, private equity firms loaded it with too much debt. And it made some key strategy mistakes.
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July 18, 2017
July 18, 2017
Toys R Us' situation sums up most retailers predicament: shrinking sales, too much debt, and in dire need of heavy spending on their website and online marketing.
If you have shrinking sales and too much debt, how can you afford to spend on a new website? Often one can't. In soccer, you've got a red card just as the game is beginning.
Thankfully, Bridge gives its retailers free updates to their Bridge e-commerce software. And Bridge is super affordable--most plans are under $100/month.
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