In anticipation of the new year—indeed the new decade—here are the top stories in retailing you may be reading about in 2020:
Share to twitterWalmart's e-commerce efforts will be one of the Top 5 retail stories of the new year. Predicting the future is a fool’s pursuit, it’s been said, but sometimes the need to do so overwhelms any amount of common sense or logic.
There is more buy-online/pick-up-in-store, more deliveries from store inventories, more using Sam’s as distribution centers, more of anything that melds together online and physical retailing. He will want a national or nearly national chain and it won’t really matter whether it operates under one name or several, he’s going to rebrand it all Amazon Prime. He will want a mass merchant that appeals to the heart of the grocery-buying public not a fringe player. And he won’t be afraid to spend some money to get what he wants.
What can be said is that Richard Baker, the impresario who assembled this empire and then shoveled as quickly as he could to jettison large parts of it will no longer be running the show. Despite a hand-picked board that has followed him down this disastrous path, a combination of external investors and internal powers will demand his departure.
Tritton moved quickly in the new year on all fronts. He sold off Cost Plus World Market for pennies on the dollar to the Schottenstein Boys, got an off-price price on Christmas Tree Shops from TJX which converted the stores to HomeGoods and HomeSense units, eliminated free-standing Harmon Beauty stores and shut down One Kings Lane. That left the BBB mothership and buybuyBaby. One hundred of the former were shut down and another 50 were converted to the latter.
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