Founder- CEO @ Inception Retail Group | Sr. Executive/Board Advisor | Keynote Speaker | Defining The AI In Retail | Author
This Elephant’s Grave Yard Is Growing! There is no foundation for survival. My late supplementary comments were added to this article. Thanks to Craig Patterson Salesforce and Amazon have taken a stake. Clearly it’s an accommodation for current or future business. But why put risk capital on the table? The only way this works for them is the return is equal to or greater than the money invested. There is no question that without an AI-Technology First Strategy they will fail. This doesn’t promise they won’t fail but someone in the deal making process tied it to a covenant for debt and that any service providers had to have skin in the game. Nothing else makes sense to me because this just isn’t a business I would rush out to invest in. Hudson's Bay Company Saks Fifth Avenue Nieman Marcus But if you were daring and could raise any kind of capital needed to build a new company, what would tgis look like in the future? Well a lot less physical locations and an AI-Commerce platform that will be needed to compete in the next 2-3 years. Perhaps Salesforce amd Amazon want to show what that can look like for other retailers. I am certain of two things. One is that AI -Commerce is going to shake up the fabric of retailing and second this collection of elephants (bankrupt or struggling retailers) is a milking strategy of whatever life these brands have left in them. Don’t be fooled that this is some kind of revival strategy. #retailing #strategy #NiemanMarcus #Technology #innovation Gary Newbury, Supply Chain Performance Improvement Liza Amlani David Ian Gray Roslyn Griner Lisa Goller, MBA Nicholas Di Cuia
Amazon is a customer oriented data company. Can they leverage the data about the high end buyers and use it to sell and market to them? It's not a price point market - but many expensive items are bought online. How about Real Estate?
Good headlines. HBC haven’t paid their vendors yet they find money for new acquisitions? The. Kind leading the blind or is this a real estate play? And these retail brands will live on a Amazon luxury brands???
No revival here, for sure! If anything, it will be a lousy tribute act to a former glory.
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2wNot sure what this is all about. Quite a few stores operate in the same geography. Hard to believe they won’t close any stores. And at a time where luxury is taking a beating—world-wide—the timing is… questionable. But there’s a lot of real estate in this deal. And here is the value; the retail part, on all fronts, is quickly becoming worthless. I see no retail strategy here. Amazon is toying with this as a project in its ever-tiring quest to enter the luxury market. Amazon has money to play; HBC has none. The sales force component could help with managing customer relations and improving brand loyalty. The whole thing looks so disjointed. I’m questioning this whole this. I don’t see greener pastures here; I see the streamline of multiple businesses, the closing of same, and clicks supplanting many bricks.