retail news in context, analysis with attitude

Responding to my Eye-Opener about department stores opening bars and stylish cocktail lounges to attract shoppers, one MNB reader wrote:

Love the idea of department stores opening bars, and having happy hours, to get people back in the spirit of shopping "in-person".  Perhaps they could entice people to buy something while they are there, by making the drink comped if they spend X amount of dollars in-store that day.  Kind of like validating their parking.

And from another reader:

Nice to see that Nordstrom is innovating to do whatever they can to stay fresh / relevant.
 
Maybe they can reinvigorate their Privacy Policy next – since its only window dressing and is only applied when it suits their interest/s?




We reported yesterday that New Seasons Market which operates 26 stores under the New Seasons and New Leaf banners primarily in the Portland, Oregon, market but also in San Francisco and Seattle, is being sold to Good Food Holdings, a subsidiary of Emart, which is part of The Shinsegae Group of South Korea.

Prompting one MNB reader to write:

Like you, I am a big fan of New Seasons. However, I was completely confused by them opening their store in Ballard. While I live several miles away, I shop, eat, drink, and workout it that neighborhood regularly. It serves mostly the same clientele as the Trader Joes, QFC, and now PCC markets that are all just several blocks away. If that is not enough, there is a very nice Safeway, Fred Meyer, and Ballard Market within the same area...and don't forget the very busy Amazon Fresh pickup. Add to that a Walgreens, Bartell Drugs and new urban Target...what were they thinking? 8 blocks North -- on the other end of the same demographic -- is a food desert!

Location, location, location or just "head up the ---" ?


I think we know why the Ballard store is being closed. But … let's not totally dismiss the idea that New Seasons thought it was worth taking a shot. It likely was an expensive misstep, but missteps help people and companies to learn. If we're going to celebrate companies like Amazon for being willing to fail, I think we have to be willing to allow other companies to do this same.

Full disclosure … I learned this lesson a few weeks ago when I criticized another company for failing at something, and an MNB reader made this point to me. Just want you all to know I pay attention and even, occasionally, retain stuff.
KC's View: