Authors: Ander, Willard N. Ander
ISBN-13: 9780471473572, ISBN-10: 047147357X
Format: Hardcover
Publisher: Wiley, John & Sons, Incorporated
Date Published: May 2004
Edition: (Non-applicable)
WILLARD N. ANDER is a Partner with McMillan|Doolittle, a global retail consultancy with clients around the world. He consults on strategy, new store development, and retail best practices with such clients as General Motors, Publix, Lands’ End, McDonald’s, Best Buy, The Great Indoors, and BP/Amoco. He is a graduate of Stanford University and a former assistant professor at the University of Houston.
NEIL Z. STERN is a Senior Partner with McMillan|Doolittle who specializes in the strategic planning and development of new retail concepts. His clients include Safeway, Procter & Gamble, Harris Teeter, Wawa, Radio Shack, and Chevron/Texaco. He is the Editor of McMillan|Doolittle’s Retail Watch newsletter and is a graduate of Columbia University.
The business of retail is getting tougher every year. Consumers have more choice than ever and are far more selective about where they shop. With more retailers and more stores chasing an aging and discerning customer, its no wonder that big names in retail have recently gone bust. From Merry-Go-Round and eToys to Service Merchandise and Woolworth, the retail landscape is littered with the bodies of fallen champions. Once shining stars of business, these former market leaders went from the top of the heap to the trash heap before they even knew what hit them.
In Winning at Retail, top retail consultants offer candid, straightforward, and passionate guidance for retailers who understand that winning at this game means setting themselves apart from the pack. Based on McMillan|Doolittles long history of documenting retails biggest players and best practices, this book shows what separates the winners from the losers, and imparts vital lessons on what works and what doesnt in todays retail environment.
Todays top retailers all have one thing in commonthey establish defined market positions for themselves, and carve out a particular place in the customers mind. In short, they dedicate themselves to being the best at something and they defend that advantage at all costs. The savviest retailers know that trying to be everything to everyone didnt work for Kmart, and it wont work for them.
Winning at Retail introduces the Est model for retail success. The Est model guides business leaders in making their company the best in one of five critical areasassortment (biggest), price (cheapest), fashion (hottest), customer service (easiest), and speed of service (quickest). Establishing a position as a leader in one of these five areas is ultimately the secret of success for Wal-Mart, Kohls, Target, and other winning retailers.
Winning at Retail offers all the tools retailers need to establish and implement an effective strategy for long-term growth. It covers all the latest trends in the retail industry and presents unbeatable advice on quickly responding to changes in customer demographics and competition. As true a cliché today as it was yesterday, retail is all about the customers. But customers and their tastes change rapidlythis one-of-a-kind resource shows retailers how to keep up.
Ch. 1 | Est : a compass to avoid retail's black hole | 3 |
Ch. 2 | Customers are #1 - now it's time for retailers to start treating them that way | 21 |
Ch. 3 | Cheap-est : winning with price | 43 |
Ch. 4 | Big-est : winning with dominant assortments | 61 |
Ch. 5 | Hot-est : winning with fashion | 83 |
Ch. 6 | Easy-est : winning with solution-oriented service | 101 |
Ch. 7 | Quick-est : winning with fast service | 121 |
Ch. 8 | Putting est to work | 139 |
Ch. 9 | Est isn't forever : retail is tougher than ever | 161 |
Ch. 10 | Developing tomorrow's hot ideas | 177 |
Ch. 11 | Putting the customer in control | 199 |
Ch. 12 | A glance at the future | 225 |