Blogging about change and current news
25 Feb
Great job WSJ! Guess what, as retailers are losing money some are trying new ideas or strategies to drive sales. Is that not what a Free Market Economy does. We the buyer really make the rules with our shopping habits, needs and wants. Well now stores like Target are going to make changes to improve or really just change their business plan to meet the current needs. Today’s article said that Target will increase food and health care products. Wow, those are two items that we never do without. Further, companies are moving to a more Localization model because not all markets are alike across the country. Go figure. I applaud Home Depot, Lowes, Macys and target for not giving up and listening to the customer. That builds the brand, customer loyalty and a loyalty to the free market economy. You don’t see these guys complaining. Instead, you see action! Macy was able to outperform Nordstrom! This is what business is all about. One day Nordstrom may fight back and always it is the customer who not only drives the change but is also the one who receives the rewards. These companies have invested heavily into their nationwide businesses, they are just not going to rollover during the correction, instead they see opportunity.
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