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Stock impact report

Kohl’s, Macy’s, Penney All Victims Of Monkey In The Middle Retailing [Forbes]

PIER 1 IMPORTS (PIR) 
Last pier 1 imports earnings: 6/26 04:15 pm Check Earnings Report
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Company Research Source: Forbes
Maybe there’s a more scientific name for this, but whatever label you put on it, the meaning is very much the same: any retailer that positions itself to appeal to the middle market is going to be very much an endangered species. This is not exactly a new idea and it’s been building for years but recent events are confirming the trend as never before. To be successful in American retailing companies must either appeal to a price-oriented value proposition or they have to go after a highly specialized positioning, appealing to a luxury or distinctive customer that isn’t being satisfied elsewhere. And this is one rule of retailing that transcends any distinction between physical stores and e-commerce. It is in fact the first rule of the omnichannel business model. This mad dash from the middle has largely been covered up by other extenuating factors. One could blame Penney’s bad business on Ron Johnson or poor merchandising decisions or just plain old inertia. Likely you could have cred Show less Read more
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