In 10 years, Lego has recovered from the brink of bankruptcy to a blockbuster movie and strong sales. Lego Designer Mark Stafford recently took to Reddit to offer some insight on what went wrong in the first place and how the Danish toy company turned it around. The troubles, he […]
Here's how they did it.
[credit provider=”Courtesy of David Jakubowski”] Today’s advice comes from our interview with David Jakubowksi, CEO of Aggregate Knowledge: “You have to be brutally and intellectually honest. When you’re in a turnaround, it generally means that things aren’t going the way that you want them to go and so you gotta figure out […]
[credit provider=”Aimee Groth, Business Insider”] Wow. Tough few weeks JCP. For Ron Johnson. For everyone involved.Where to start?
[credit provider=”Chris Chan on Flickr” url=”http://www.flickr.com/photos/crazytales562/2656308958/sizes/z/in/photostream/”] JCPenney burning through resources to pull off a turnaround. With same store sales down 32 per cent, its running out of time.
[credit provider=”Scott Olsen / Getty Images”] JCPenney’s business has gotten increasingly worse since new CEO Ron Johnson announced his turnaround plan a year ago. Same store sales are down 32 per cent, which is much worse than Wall Street had predicted.
So you have identified A+ candidates and they have accepted your job offer. Awesome. Now the trick is keeping them with you for the long haul.
[credit provider=”YouTube/pepwave24″ url=”http://www.youtube.com/watch?v=sZi1Ouc4Wtk&feature=related”] Dell management must be suffering from whiplash.Once one of the “four horsemen of tech”, the computer company rose to prominence by selling standardized boxes to enterprise customers. The model was operational discipline and minimal R&D.
“And you know the surest way to go broke? Keep getting an increasing share of a shrinking market. Down the tubes. Slow but sure. You know, at one time there must’ve been dozens of companies making buggy whips. And I’ll bet the last company around was the one that made […]
[credit provider=”Business Insider”] This post originally appeared on LinkedIn. Follow Sallie on Linkedin. [preserve] [/preserve] [preserve] [/preserve] I have been involved in several turn-arounds; in some, I was brought in from the outside to help right the ship. In these cases, the first 90 days can make or break the […]
JCPenney unveiled its first shops at its Manhattan Mall location in New York City yesterday. It’s an important part of CEO Ron Johnson’s plan to totally revamp his physical stores. The process began earlier this month.
[credit provider=”Ian Gavan / Getty Images”] Veteran retail consultant and former 16-year Morgan Stanley retail analyst Walter Loeb isn’t convinced that the marketing failures of JCPenney should all be blamed on former president Michael Francis.”While Michael Francis was the ‘fall guy’ in this action, I believe that Ron Johnson, chairman […]
[credit provider=”Getty Images”] JCPenney CEO and former Apple retail chief Ron Johnson has been getting slammed for his tactics as the retailer tries to turn things around.That’s because things have looked dire lately, especially after JCPenney’s Q1 sales number of $3.15 billion fell well short of expectations of $3.4 billion.
[credit provider=”Yahoo Finance ” url=”http://finance.yahoo.com/echarts?s=JCP+Interactive#symbol=jcp;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;”] JCPenney has been getting lots of criticism lately since it hasn’t been hitting its numbers.But there are some bulls, including Citi retail analyst Deborah Weinswig.
[credit provider=”Screengrab from bestbuy on YouTube” url=”http://www.youtube.com/watch?v=Q2k3BClht2A”] Best Buy interim CEO Mike Mikan has a lot of work to do to jump-start the ailing consumer electronics retailer, and he knows it.”Right now, we aren’t even close to good enough,” admitted Mikan on the company’s Q1 conference call with analysts.
[credit provider=”Taco Bell”] Taco Bell already successfully launched a Doritos taco shell this year, but it’s not done inventing crazy new foods just yet.Now, its food innovation crew has come up with nachos wrapped up inside a burrito.
[credit provider=”By Ron Dauphin on flickr” url=”http://www.flickr.com/photos/crawfishpie/492887177/sizes/o/in/photostream/”] KeyBanc released a report this morning on Best Buy and its current status in the consumer electronics retail industry.The industry has completely changed since the brand’s glory days, and the meteoric rise of both Amazon and Apple have fundamentally altered the landscape.