Monday, June 1, 2020

Big Ideas for Holiday 2020

Chain Store Age
In less than six months we will be deep into the holidays. We will still be social distancing and avoiding large crowds. We will have had to rethink back-to-school, Halloween and Thanksgiving. All of these changes will have an impact on retail.

With the global nature of our supply chains, you’ve already made the majority of your purchases and commitments for the back half of 2020. You have forecasts, plans, budgets, etc. I appreciate that an optimist would now say “We’ll bounce back.” This may be true, but you’re not going to fully bounce back by the holidays this year. You’re still going to be dealing with inventory, labor, pricing and P&L challenges. . . . more