Looks like Walmart is leveraging the new talent in their leadership fold, Marc Lore formerly of Jet.com and diapers.com, to launch a skunk works in Silicon Valley dubbed Store #8 after the store Company founder Sam Walton used to try out new retail strategies.
Feels like less of a moonshot factory then say how Bell Labs, Xerox's PARC, Amazon's Lab126 or Google's X were set-up. But then one can ask how many of those great inventions did AT&T or Xerox actually leverage (the stuff Apple ended up launching don't count!) versus languishing on shelves. And exactly how many of X's moonshots have been commercialized? Maybe, if Store #8 is less rabbit and more turtle in the race to capture Consumers wallets. And in that scenario, Walmart can point to a whole list of competitors it has slowly but surely ground into dust.
http://www.chainstoreage.com/article/walmart-launches-store-no---its-not-really-store?tp=i-H55-Q5S-341-4rp50-1u-14Qs-1c-iuA-4rjD4-27Eehq&utm_campaign=Daily&utm_source=Experian&utm_medium=email&cid=11781&mid=71933082
In the face of global growth a competitor founded just down the road in the 800 lb. gorilla in QSR known as McDonald’s, not even with the onslaught of the better-for-you burger brands like Shake Shack and in spite of a comparable small geographic footprint In-N-Out Burger has built a cult-like following by maintaining a laser focus on its brand identity of keeping things simple, maniacally executed against that promise and providing a dash of secret menus. https://www.qsrmagazine.com/competition/secret-n-out-s-cult-following?utm_campaign=20170814&utm_medium=email&utm_source=jolt
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