Kmart’s Post

"Unlike Walmart, which remained in the Walton family, or Target, which handled its transformation from family-owned business to public corporation far better, Kmart underwent very early rapid growth and then began a long period of coasting and decline." "While Kmart has long been viewed as a sort of downmarket Walmart clone, it’s worth noting that Kmart came first—not just because the company that became Kmart goes back to 1899, but because the opening of the first modern Kmart in 1962 beat the opening of the first Walmart by a few months. It was not until the 1990s that Walmart became a major national player in the discount department store industry. It’s more accurate to say that Walmart beat Kmart at its own game than that Kmart failed to properly imitate Walmart." "Like Kmart, Howard Johnson’s made several attempts to revitalize its business. A parade of managers who had none of the personal investment of the chain’s founder, Howard Deering Johnson, successively took the reins. The company began to introduce new restaurant concepts, and it underwent a series of acquisitions as well as the division of its hotel and restaurant businesses. All of this flux and churn depressed morale, eroded managerial continuity, and left the once-great restaurant half of the company to fend for itself as its numbers dwindled." "Throughout this long, slow decline, nobody seriously attempted a “reboot” of the company; nobody bothered to attempt monetizing whatever goodwill the name still held, by, say, bringing back the real recipes of the famous 28 flavors of ice cream. That kind of investment or passion or capital was gone." "Despite the former ubiquity of both Howard Johnson’s and Kmart—and notwithstanding the nostalgia of their small communities of fans—both chains have left hardly a trace in the popular culture. In business, as in life, past performance is no guarantee of future results. The demise of Howard Johnson’s, and likewise that of Kmart, is a cautionary business tale. But it’s also a humbling and almost spooky story." Kmart Elegy A formerly dominant American retail chain nears extinction by Addison Del Mastro The Bulwark (X: @BulwarkOnline) https://lnkd.in/ed7hFsgj And here is an article showing images of the rise and fall of a store whose building was once the tallest department store in the world and which in the course of the decline of the city of Detroit was eventually demolished in 1998. But as history seems to be like a revolving door (Jorge Drexler dixit) a new building has been erected on this site that will house the headquarters of another company that has also seen better times in the past, GM (https://lnkd.in/egtC4395) The life and death of Hudson's department store The Detroit News https://lnkd.in/eRzShcBe

Considering 90% of my Halloween decorations (and I take Halloween and Holiday decor SERIOUSLY) are from At Home, I'm excited to post this one! I've been shopping with At Home for many years, and I'm so proud Manhattan Associates is part of their evolution! For At Home Group Inc. like many other retailers, the pandemic fueled a sharp increase in new fulfillment methods like curbside pickup and BOPIS. To meet customer needs without overburdening store associates, the company needed a best-in-class technology that could grow with the organization. After thoroughly evaluating several major players in the market, At Home selected Manhattan Active® Omni. Download the case study to find out more: https://lnkd.in/gXu5BRtr #retailtechnology #pointofsale #inventory #retailing #retailstores #retailinnovation #bopis #curbsidepickup

SPECIAL FEATURE: Dash In's near-term focus is to replicate its all-new store experience across northern Virginia, and then roll out these elements across the entire chain. #cstore #foodservice #customerexperience #prototype #CSNewsOnline

🔹 Attention all professionals and industry insiders: Carpetright has announced the closure of most of its shops, resulting in the unfortunate loss of nearly 1,600 jobs. This move comes as a significant development in the retail sector, highlighting the challenges faced by traditional brick-and-mortar stores in the current market landscape. As we witness this shift, let's reflect on the industry's resilience and adaptability in the face of change. Join the conversation and share your insights on the future of retail. #Carpetright #RetailSector #AdaptabilityNeeded https://ift.tt/gi7yKs0

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

Macy's might close its big store in San Francisco's Union Square. This could happen in 2025 or later as part of their plan to shut down some stores that aren't doing so great. They want to focus on making the stores they keep even better and opening smaller ones. Macy's has been trying to keep up with shoppers who want different things now and areas where it's tough for stores to do well. They're planning to close about 150 stores by 2026, but they'll keep about 350 open and make them nicer. In the real estate biz, we often see similar challenges and changes. At Cudd Realty, we're all about helping small businesses and our community in North Texas. When big retail stores like Macy's change their plans, it can make new opportunities for local businesses and real estate. That's where we can help figure out what's best for everyone. Thinking about how changes in the retail world could open up new real estate chances? Wanting to get the inside scoop on how it might impact your plans? Reach out and let's have a conversation about what's happening and where you could fit in. Call or text me, Michael Cudd, at 940-595-0138. Let's turn change into an opportunity together. #CuddRealty #NorthTexasRealEstateNews #RetailChanges #CommunityGrowth #RealEstateOpportunities

🛍️ Macy's is opening more small-format stores but with a twist. The iconic retailer is expanding its off-mall, small-format store concept with new locations in the Northeast and West. 📍Inaugural stores are set to open in three cities this fall: Boston, Las Vegas, and San Diego. The Mideast will get its third small-format store with an opening in Highland, Indiana. The retailer's eight existing stores are called Market by Macy's—a misnomer in my opinion. I’m happy to hear that the new small-format stores will go by the Macy's nameplate. 📌 Averaging 30,000-50,000 square feet, the small-format stores are located in off-mall shopping centers and focus on local customer preferences by partnering with local businesses to create pop-up shops and events. Here's where you'll find the new small-format stores: ▪️ Highland Grove: Highland, Ind. – August 2023. ▪️ South Bay: Boston, Mass. – September 2023. ▪️ Arroyo Market Square: Las Vegas – September 2023; and ▪️ Santee Trolley Square: San Diego, Calif. – November 2023 Have you visited a small-format Macy’s? Does anyone have any feedback on their experience with the smaller Macy’s? Read more here: https://bit.ly/45xuvCS #TSCG #CREtail #RetailStores #CRE #Retail

There is no cookie-cutter rollout anymore. Here's why the old approach to store prototypes no longer applies and how location strategy can be the differentiator. #storeconstruction #retailprototype #retailstrategy

Monday Morning Store Walks ...were one of the best things Harris Teeter adopted when Rod Antolock came on board somewhere around 2000. Rod became a legend for helping stores execute exceptionally, keeping things simple, and having fun while doing it. Monday morning store walks included a rotating model store from each district. Every store leader from that district came to the model store that week. Each department was walked, key initiatives reviewed, well designed displays highlighted, best practices shared, challenges communicated and solved, technology and policy changes discussed. Since the model store rotated every week, every store got the chance to shine. And shine they did. Stores were polished, bathrooms were clean, out of stocks addressed, out of date items marked down, dairy rotated, produce culled, back rooms organized, clutter cleaned up. While technology does serve to make stores better operations, Monday morning store walks gave stores a chance to truly excel, to show everyone they could be the best. That pride in your work was invaluable. Customers benefitted, associates benefitted, and so did the bottom line. Retail Insight #modelstore #grocery #innovative #loyalty #customersatisfaction #waste #foodwaste #onshelfavailability #outofstocks