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Rebuilding trust and brand value will take years or decades. Don't undervalue accounting tricks, reorganization, focusing on efficient assets, etc. Getting rid
by rhino369 8y ago
Rebuilding trust and brand value will take years or decades. Don't undervalue accounting tricks, reorganization, focusing on efficient assets, etc. Getting rid of dead weight is much more important than trying to reinvent the retail experience. You need to stop the bleeding first.
- mikestew 8y agoThat's some good insight, definitely need to bail the water out first. Prime example that comes to mind is Gibson: get rid of money-losing electronics (Teac, et. al.) and go back to making instruments. Even that might not save you, but it's a shot. I could see Lampert doing the first part, stop the bleeding, but once that was done perhaps he was stumped with the "now what?" part. OTOH, AutoZone has been going big guns for a while now, what do I know? :-)