11–20 of 139 posts
From a former Gap exec: > How did your time at The Gap shape your thinking about what you do at Herman Miller? > I interviewed a guy who became my head of digital. He had worked in retail, and he said, “Do you know what excites me most about coming to this industry? I feel like I’m going from making landfill to making heirlooms.” The fashion industry is the landfill industry.
It sounds like a move made out of desperation. But personally I don't see them surviving the online marketplace long-term. At least in a mall your competition is limited to the local stores. Online, it's everyone. Want to offer cheap clothing? You are competing with everyone from H&M to Amazon Essentials ( https://www.amazon.com/stores/page/F8FB6F3C-F896-455C-BC52-7... ). Want to offer slightly better quality at slig…
Idk if that's really a big deal, they already compete at other prices with old navy and banana republic. Unless those are struggling brands too, that would be news to me.
The UK high street was struggling before Covid came along. I suspect it's going to be decimated when we come out of furlough.
Judging by all the signs up in windows, many retailers (and pubs/restaurants) seem to be struggling to find staff right now, at least in London. There can’t be that many retail workers still on the furlough scheme?
I heard an interview with Angela Leadsom that it is very difficult to take people off furlough. Many people found another job while also getting furlough pay and are resisting going back to work. Under UK labour laws the employer needs to accommodate employee needs with regards to health and safety. So if an employee says they would come off furlough but feel unsafe about the working environment, it is hard to resolve that.
[1] https://www.statista.com/statistics/1116638/uk-number-of-peo...
[2] https://tradingeconomics.com/united-kingdom/labor-force-tota...
I wonder if this is a short-term strategy to force commercial property rents further down, and re-enter when they hit a feasible low. In India, GAP apparently uses their retail stores in an omnichannel strategy to "warehouse" products closer to customers in an attempt to provide next-day delivery. [1] [1] https://yourstory.com/2021/06/fashion-brands-omnichannel-fli... (paywalled, use reader-mode)
The UK high street was struggling before Covid came along. I suspect it's going to be decimated when we come out of furlough.
Judging by all the signs up in windows, many retailers (and pubs/restaurants) seem to be struggling to find staff right now, at least in London. There can’t be that many retail workers still on the furlough scheme?
It sounds like a move made out of desperation. But personally I don't see them surviving the online marketplace long-term. At least in a mall your competition is limited to the local stores. Online, it's everyone. Want to offer cheap clothing? You are competing with everyone from H&M to Amazon Essentials ( https://www.amazon.com/stores/page/F8FB6F3C-F896-455C-BC52-7... ). Want to offer slightly better quality at slig…
It sounds like a move made out of desperation. But personally I don't see them surviving the online marketplace long-term. At least in a mall your competition is limited to the local stores. Online, it's everyone. Want to offer cheap clothing? You are competing with everyone from H&M to Amazon Essentials ( https://www.amazon.com/stores/page/F8FB6F3C-F896-455C-BC52-7... ). Want to offer slightly better quality at slig…
Idk if that's really a big deal, they already compete at other prices with old navy and banana republic. Unless those are struggling brands too, that would be news to me.
The UK high street was struggling before Covid came along. I suspect it's going to be decimated when we come out of furlough.
Primark will never die