RetailWire: Where Can Artificial Intelligence Help Minimize Returns?
Click here to read more about the article along with David’s comments below as a BrainTrust Panelist.
Click here to read more about the article along with David’s comments below as a BrainTrust Panelist.
Click here to read more about the article along with David’s comments below as a BrainTrust Panelist.
Click here to read more about the article along with David’s comments below as a BrainTrust Panelist.
Click here to read more about the article along with David’s comments below as a BrainTrust Panelist.
Click here to read more about the article along with David’s comments below as a BrainTrust Panelist.
Talk of a Kroger – Target merger had bubbled up over the weekend, creating some exciting discussion and speculation. But alas, news organization Reuters reported today there is no truth to the rumors, at least according to their source.
The excitement started when tech magazine Fast Company reported that the two companies were in possible merger talks, which sent shares of both companies up. However, now it looks like this may not be true.
This reported merger between Target and Kroger never made sense to me, as the two companies operate with very different approaches to their assortment and branding strategies. Therefore I am not surprised to hear these reports being denied.
You can read the Reuters article here.
In the midst of a seemingly darkening future as many well-known retailers continue to close their doors, there are a number of retailers who are actually expanding this year. Look for more Ulta, Target, Gap, Dick’s, Dollar General and Ross stores to open during 2018, which seems to buck the trend we’ve come to expect in retail.
Why are these retailers able to add locations as so many of their competitors shut their doors? Ulta, more than any retailer that I can think of, was the best at adapting to changing trends in consumer buying behavior, and for that reason, they are enjoying success.
In contrast, retailers such as Sears, Kmart, JC Penney and Toys R Us did not adjust well, and that’s why they are having problems.
To find out more about the strategy of these successful retailers, check out the original post by CNBC and linked by RetailWire, a uniquely engaging forum for the retailing industry.![]()
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From: MMR
Date: June 18, 2007
More results for: CPG Biernbaum
Biernbaum has launched a series of “Coffee Talk” meetings, held at his home office near the St. Louis airport. In them he works with small groups of noncompeting manufacturers in short, informal sessions. He covers such topics as how to approach and work with retailers, best practices for selecting and managing brokers, and ways to get the most out of trade shows and other events.
“Building ultimate success in consumer packaged goods is my history, passion and expertise,” Biernbaum says. “I hold small group summits with companies that do not compete, over coffee, lunch or in private groups. We cover the information they need, in a straightforward, down-to-earth, hands-on and friendly manner.”
Biernbaum is a consumer packaged goods specialist with more than 27 years’ experience in marketing, retail sales and business development.
He served on developmental leadership teams with such major multinational companies as Smith Kline Beecham, Abbott Laboratories, and Gillette Co., where he was involved in launching such brands as Aquafresh, Mineral Ice, Selsun Blue, and Oral-B.
Biernbaum’s background also includes the rapid development of entrepreneurial brands; his leadership was instrumental in helping Vi-Jon Laboratories become a major force in private label personal care products, he says, and propelling Zooth Inc. during its years of rapid growth. He also helped develop Fresh & Go USA, OraWave LLC’s partnership with the Susan G. Komen Breast Cancer organization, and he currently is helping Dr. Harold Katz LLC with its TheraBreath brand and its new PerioTherapy brand launch.
That is the experience Biernbaum intends to share in his informal “Coffee Talk” sessions.
Part of each session is devoted to tips for working with retailers. Biernbaum discusses such topics as: the most practical ways to approach giant retailers, including common mistakes many companies make; the types of meetings that really work, and the kinds that do not; the politics, nuances and infrastructures that drive retailer decisions; and the issues that prevent many innovative products from getting chosen, even when they come with great pricing and good margins.
Knowing how to work with retailers is critical, according to Biernbaum.
“It’s easy for privately held consumer packaged goods companies to make missteps,” he says. “I talk to them like a friend in the business. It’s important that they know what they really need and want to know. That includes answers and practical knowledge about everything from the NACDS Marketplace, ECRM and working with all the major retail chains.”
Knowing how to work with brokers is also critical for small companies. Biernbaum says that most reputable brokers are knowledgeable and helpful, and that they have good relationships with retailers in their markets. But he adds that it is critical for companies to understand what brokers can and cannot do. To that end, the “Coffee Talk” sessions include an in-depth discussion about brokers, covering such topics as how to hire them and what to expect from them, and the mistakes most companies make in working with brokers.
Often the biggest blunders small companies make is in their own planning. As a result, Biernbaum also devotes a portion of each session to such critical issues as the real cost associated with launching new products, ways to compete in categories dominated by giants and how to get a return on investment with trade advertising.
Just a few years ago for one of my clients we lined up some then “little known” celebrities to endorse the product. Included were Rihanna, Tierra Mari, Katherine Heigl, Kate Walsh, Traci Bingham, and James Denton. None were yet big stars when this photo was taken! The celebs were holding their OraWave Pink Ribbon Twin Spin toothbrushes!![]()
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“Driving consumer products to maximum success through increased market-share and continuous growth, while building value and equity for my clients’ brands, is my passion and expertise.” — David Biernbaum
