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The New Retail Paradigm: Resilience, Transformation, Purpose

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World Retail Congress is more than a meeting. It is the incubation ground for collaboration on new ideas, innovating products and services, and inspiring partnerships. Balanced on three pillars – Resilience, Transformation and Purpose – WRC has co-partnered with leading change agents in the retail sector to reimagine and reinvent tired, traditional retail strategies and operations. Resilience Boston Consulting Group partnered with WRC to produce a joint report on what makes an organization resilient facing a series of geopolitical, …

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ASG Acquires The Robin Report

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FOR IMMEDIATE RELEASE – Columbus, Ohio, June 7, 2023 – Asset Strategies Group (ASG) is pleased to announce its latest move in the retail services sector: the acquisition of The Robin Report. Just as with their acquisition of Chute Gerdeman in 2020, this transaction is another significant step in ASG's ongoing commitment to broaden and enhance its scope of retail services, offering clients comprehensive …

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The 20 Million Dollar Man: Johnny Depp Re-Ups With Dior Sauvage

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It must feel pretty great to be Johnny Depp right about now. Not only was the heavily tattooed, 59-year-old bad boy lavished with a raucous, minutes-long standing ovation at the Cannes Film Festival this week for his role as King Louis XV in the new period flick Jeanne Du Barry, Dior just re-signed him as the face of Sauvage. Although the LVMH subsidiary is keeping mum on the specifics of the deal, at an estimated rate of $20 million+ for three years, it’s widely considered the most lucrative men’s fragrance contract of all time. As a basis …

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The New Wave of Barbiecore

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Pink. It was once viewed as the solitary color with which to express femininity. But as we get closer to the July 2023 release date of the Barbie movie, you can expect to see a whole lot of it being peddled under the label “Barbiecore.” Although what Barbiecore really means beyond the sale of ensembles that are heavy on hot pink and a whole lot of skate rink flair is largely up for interpretation. "Barbie" is a popular brand of dolls and doll-themed merchandise from the toy production powerhouse, Mattel, Inc. To date, the company has sold …

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Consumers Shrug as China-U.S. Tensions Rise

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The clash of geopolitical, economic, and technological forces has grown from a murmur to an annoying clamor as tensions ratchet up. A paradigm shift from an era of globalization into splintered, regional fiefdoms, broadly characterized by the East, led by China and the West, and dominated by the U.S., is changing how we view markets and ourselves. While the macro impacts of this change are significant, the question for retailers and brands is how and where will the clash impact our industry. Motherland Meddling Let’s start with how …

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Target’s Big Fail

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In today’s world, where corporate responsibility, culture wars, and social progress are more or less bound to become intertwined strands of any major national discussion, Minnesota-based Target Corporation’s recent decision to move to the back or completely withdraw selected Gay Pride/LGBTQ+ merchandise from its stores marks a new low in Fortune 500 cowardice. Specifically, what has earned Target my rancor is the company’s puzzling response to conservative pressure over its decision to prominently display LGBTQ+-related clothing and merchandise …

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Urban Decay

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The days when a department store flagship was the centerpiece of virtually every downtown in America have long since passed. And while there has been a slight resurgence in center city retailing over the past decade pre-Covid, the fact is that many major cities -- from Detroit to Atlanta and Houston to Denver -- don’t have a single major department store in their downtown retail districts. Even with this general decline, the recent exodus of several major large retailers from urban areas is something else entirely, equal parts alarming and …

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Virginia Drosos Inspires Brilliance at Signet

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“Signet is a company transformed.” That was the message that CEO Virginia Drosos delivered at Signet Jewelers’ first investor day presentation since pre-pandemic 2019. “Signet’s financial health has gone from being an impediment preventing appropriate investment in the business and talent, to being a significant competitive advantage,” she continued. Taking her victory lap, she highlighted key accomplishments since the last investor presentation, including: Investing $750 million toward growth strategies, largely funded by cost …

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