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by jasode
252 days ago
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>I've always wondered what would happen with a shop that never has sales. A shop where the prices are always the same, [...] Does a shop like this exist, or existed? An ex-Apple executive who ran the Apple retail stores tried that strategy with JC Penney and it didn't work: https://www.google.com/search?q=jc+penny+everyday+low+price+... |
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I think they would've needed a another year or two of runway though to turn the ship around and court an entirely new (non-overlapping) customer base, and the investors simply weren't willing to give them that much time.