Holiday traffic in stores was good, but Kohl’s looks like its increase was way more than other major retailers’. If this holds up and their margins are good, they will way outperform expectations.
Black Friday is an opportunity to think about new kinds of gifts like smart speakers made by Amazon and Google. But it’s also a time to think about new ways to buy traditional gifts.
Conventional wisdom says chains like TJ Maxx, Ross Stores and Burlington Coat Factory have a great future. However, the ground is starting to shift against their business models, and they need to deal with these threats immediately.
Changing the value systems of a business is often thought of as irrelevant to profitability. A recent report shows there’s a direct correlation between value systems and profit, how your customers perceive you will impact profit directly.