It was a very windy day.
Thursday, July 16, 2015
Wednesday, July 15, 2015
Signs - Retail Cleansing
A year after emigrating from Iran to Canada in 1981, Hassan Khosrowshahi started Future Shop in Vancouver. By the time it was sold to the USA retail giant Best Buy in 2001 for $580 million, Future Shop had grown into Canada's largest retailer of consumer electronics. Target, Sony, Mexx, Smart Set, Sam's Club, and Jacob are just some of the giant retail companies that could not make it in Canada. The human tragic behind these closures is the loss of jobs. Target alone laid off 17,600 employees. In the words of Phil Otto... "What do mass retail giants all have in common? Besides the fact they are all exiting Canada, they all sell pretty well the same crap at the same prices. The biggest retailers aren't always the smartest, they’re not always the trend setters and they certainly aren't nimble and agile. If you try to beat them at the price game they will out gun you quickly and arrogantly. Small business is the backbone of our economy and the retail cleansing taking place right now, which has way more to do with lack of differentiation than the economic climate, is opening the door for our own local retailers to grow and thrive." I'm linking to Lesley's Signs, Signs.
Tuesday, July 14, 2015
Monday, July 13, 2015
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