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PSPS

(14,265 posts)
11. Their fatal mistake was putting people in charge who knew nothing about retailing
Sun Nov 14, 2021, 01:32 PM
Nov 2021

They all made the same mistake and have suffered the same fate. You have to know more than just "finance" and "the stock market" to be successful in retail. Go to any remaining large retailer, like Macy's, and you'll see what I'm talking about. Messy store, no employees visible, merchandise not orderly, etc. It used to be that there was a store manager who would tour the store before it opened for the day and inspect every visible square inch. I've seen no evidence of that anymore.

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