SKUs
Will the Internet Lead to the Demise of All Specialty Stores?
In a recent blog in the Harvard Business Review, authors Rajiv Lal and Jose B Alvarez bring up some valid points — with the lackluster retail performance over the past couple of years and the powerful focus of online retailers to offer those goods that people happily order online, brick-and-mortar retailers are in troubled waters.
Walmart Is Bringing “It” Back
A few months ago, Walmart started doing a little CPG housecleaning — eliminating SKUs in an effort to renovate its stores. But customers — especially those in rural areas — balked.
“Clutter” is in!
When the recession hit, most retailers went for the sparse, clean look. But now everyone from Best Buy and Dollar General to J.C. Penney and Wal-Mart are bringing back plenty of SKUs — and stacking them just about everywhere in an attempt to garner the interest — and dollars — of shoppers.
