Follow Daphne Howland on Twitter. Things are much better in the industry than in recent years. Retail will always be a tough business, though. The pandemic upended some trends and dramatically accelerated others to further disrupt the flow of goods from manufacturers to retailers to consumers. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more.
Search x. An article from. Dive Brief. Published June 26, Daphne Howland Senior Reporter. Filed Under: Financial News. Editors' picks Flickr user Xurble. The assumption, particularly with the quarantine and lockdowns, was that small independent stores were doomed.
And while some stores are indeed no longer in business, others have emerged with strength. Why is it that these indie bookstores are defying expectations? Perhaps Mr. Daunt has asked himself these same questions. A former client of mine in the automotive industry pursued a similar strategy, where a high degree of local autonomy led to increased client engagement, market share and operating margin.
This created an operational management nightmare—a challenge when trying to delight clients—and allowed competitors to find easy ways to chip away at their market share. Fast forward to the introduction of one national set of processes and the permission for local leaders to do what they thought necessary to appeal to their market, and the results were transformed. Similarly, I worked with a large bank who was determined to increase their customer satisfaction and loyalty results.
This past year has forced many of us to experience more isolation than ever before, opening up an opportunity for companies to connect on a deeper level with their customers—to show them their humanity and offer them products that more meaningfully connect to their needs.
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According to the Bureau of Labor Statistics, the DC region spends the most money in absolute and proportional terms on reading in the United States. Michael Kozlowski has been writing about audiobooks and e-readers for the past twelve years.
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