The Weekly Consensus™ brings to your inbox every Monday a summary of the major stories that impacted consumer businesses in the prior week. It also includes “The Big Story” – and editorial by a Consensus professional commenting on an item of significance to the industry.
Nordstrom has reportedly retained AlixPartners to explore a spinoff of its recently-struggling Nordstrom Rack off-price business. The move, first reported by Bloomberg, follows Saks Fifth Avenue’s hiring of AlixPartners to explore a separation of its online business. Saks.com is expected to undergo an IPO in 2022. Macy’s and Kohl’s are both facing shareholder pressure to […]
One recent weekend, my family and I visited friends at their home for dinner. While our toddlers played together, I was able to take in the awesome tech setup my friend has created in his home. I was astonished by how he can manipulate seemingly everything in his home from his smart phone or tablet. […]
Consumers are gravitating toward plant-based foods to preserve the environment, improve their health, and for the ethical treatment of animals. Plant-based diets in comparison to diets rich in animal products are more environmentally sustainable because they use fewer natural resources and result in lower greenhouse gas emissions. In addition, plant-based diets reduce the risk of […]
For years, it was the front line of the holiday retail battle. Black Friday was treated like the be-all, end-all by many retailers, and attracting foot traffic on that day was critical. Accordingly, beginning decades ago, it became typical for retailers to offer special Black Friday deals to draw consumers into their stores, often at […]
Just two weeks into Kohl’s rollout of an initial 200 Sephora in-store shops, Kohl’s CEO Michelle Gass said the partnership is showing the potential to offer benefits in a myriad of ways. According to Ms. Gass, the Sephora shops in Kohl’s are driving “extraordinary growth” in Kohl’s beauty business and boosting average unit retails (AURs) […]