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Customers love them Investors love them But which online players can survive in the long run?
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Compliance Evangelist Tom Fox sits in for an insightful yet powerful conversation with James Gellert, Chairman and Chief Executive Officer (CEO) of Rapid Ratings International. In this episode, glean the lessons that companies should never forget from the 2008 Financial Crisis to the Coronavirus health crisis and the total evolution of the business of compliance.
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Have home retailers peaked?
The category was on the rise, but the pandemic drove exponential growth. Retailers must now navigate how to sustain momentum in the years ahead. Published May 10, 2021 Adeline Kon/Retail Dive
When the coronavirus pandemic took hold in the U.S., nearly every aspect of the retail industry was impacted. But the divide between those retailers deemed essential versus nonessential became increasingly apparent as the weeks, and then months, went on.
One category, despite being nonessential, gained from the circumstances brought on by the pandemic: home.
The sector experienced unprecedented demand from consumers adjusting to new realities and living situations and looking to make life at home more comfortable. The category stood in stark contrast to other discretionary categories, namely apparel, where sales plummeted from 2019 figures as a result of changing consumer preferences.
What s next for Destination XL after last year s calamity in menswear?
The big-and-tall specialist s sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil. Published May 4, 2021 Daphne Howland/Retail Dive
By the first week of February 2020, warning lights were flashing for executives of big-and-tall apparel seller Destination XL Group. CEO Harvey Kanter had seen the effects of the SARS outbreak in Southeast Asia and other countries nearly two decades ago. As a new coronavirus outbreak began last year, Kanter could see signals of a major event building as he spoke with overseas business contacts.
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