Welcome to Retail Radar: In each week’s segment we tackle looking at some of the industry’s hottest topics, report on breaking news stories, talk trends and more! On this week's radar we have Dollar Store Retail: The end of an era or the beginning of Innovation? Listen now as our in house expert, Phil Lempert, discusses this hot topic! #CatMan #Retail #Upcoming #Trending #Innovation
Phil Lempert
6mo
Excited to launch Retail Radar with Category Management Association! Hope you'll check out our weekly reports and share the link with your peers and on social media - and most importantly add your insights and comments to this post. Thanks - and Welcome to Retail Radar!
Consultor I Mentor I Consejero independiente I Coach ejecutivo I Director General I Solucionando retos , institucionalizando empresas y empoderando ejecutivos | Business Strategy Expert
6moThe closure of 99 Cents Only Stores marks a significant chapter in the history of discount retail. This event highlights the volatile nature of the retail industry and the necessity for continuous adaptation. As retail experts, we see such shifts as opportunities to learn and evolve. The rise and fall of any retail chain is not just about economic challenges or competitive pressures; it's about understanding the changing consumer behavior and market dynamics. The story of 99 Cents Only Stores serves as a reminder of how crucial it is to stay flexible and innovative. For those of us in retail, this is a call to reevaluate and innovate our business strategies continually. Staying ahead means not just reacting to changes but anticipating them, ensuring that we meet the consumer where they are, both in price and in value. Thanks Phil, Its great to hear you again. #RetailTrends #BusinessInnovation #ConsumerBehavior