Remove 2005 Remove Consumer Remove Finance Remove Returns
article thumbnail

Who is Peter Ruis, the man tasked with reviving John Lewis?

Retail Gazette

Ruis joined the business in 2005 and transformed its fashion offering by ditching its more conservative brands in favour for big names like Jaeger, Hobbs, Mango and Whistles. He returned the business to profit, weaning the chain off discounting, reinvigorating its product and restoring its brand power. ” What will Ruis do?

article thumbnail

The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

A few decades later when Sears merged with Kmart in 2005 the combined organization generated a substantial $55 billion in revenue. He foresaw that America’s growing railway infrastructure could be used as a way to send goods to consumers in rural communities that lived far away from stores. Richard Sears was a visionary. Retail stores.

article thumbnail

Jason & Scot Show Episode 315 – 2023 Turkey5 Recap with Salesforces Rob Garf

Retail Geek

Consumers were patient, waiting for attractive deals, while retailers managed their inventory and discounting strategies well. They discuss the potential impact of mobile wallets on shopping behavior and note that BNPL resonates with new consumers and has replaced layaway. billion consumers are shaping shopping trends.