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The Achiever NewsletterAnti-Kmart?
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Kmart predicts ‘03 rebound Kmart Corp. on Monday said its same store sales improved because of aggressive new promotions. They include:
Source: Kmart Corp. |
Let's examine these remarkable statements created by the marketing brain trust in the land of the "blue-light special." Their "Have To Have It" promotion is astounding! First, they chose just two cities in the entire world in which to offer this promotion. Then they promised their customers they would actually stock merchandise that they advertised in their circular. (DUH!) They went on to promise to sell this merchandise at the price at which they advertised it. (DUH!) Based on their own words, these promises pertained to only certain items in their circulars! Does that mean other items in the circular won't be available in the store and, if they are, will be marked at a price other than the price in the circular? If you're not laughing out loud at this point, you need to re-read this paragraph!
The second Chicago pilot program is more difficult to believe than the first one! Someone in the Motor City Ivory Towers of Kmart came up with a real innovative approach to retail selling. They put their heads together and decided to keep their top 300 items in stock at all times! (DUH!) For some unbelievable reason, sales increased when they tried this "out-of-the-box" concept! As a result, they've decided to try the same thing in some of their other major markets! If things keep going so well, they may decide to keep more than their top 300 items in stock and they may even decide to go way out on a limb and expand this promotion to all of stores instead of just some of their major markets. What a concept!
Personally, I can't believe the captain of this sinking ship allowed that article to be released to the press. I'm not anti-Kmart. I'm anti-stupidity. I've lived my life knowing I would see that familiar giant red K in every city I traveled through. It has been a long-standing mainstay in our culture. I can say the same thing about my parents and my children. I'm truly saddened that I may not be able to say the same thing for my grandchildren. If the powers that be at Kmart don't wake up soon, Kmart will go the way of Montgomery Wards, Service Merchandise, and others who turned a deaf ear to the voice of the consumer. Kmart resurrects the blue light special and threatens to change their color scheme from red to green at a time when they should clean up their stores, stock their shelves, and teach their employees how to treat customers as though they want them to return. However, I fear that would be asking too much. My heart longs for the return of the Kmart of old that brought smiles to faces of loyal customers everywhere. My head says it will never happen. I hope I'm wrong.
Publication Date: Fall 2002
Harry K. Jones is a motivational speaker and consultant for AchieveMax®, Inc., a company of professional speakers who provide custom-designed seminars, keynote presentations, and consulting services. Harry's top requested topics include change management, customer service, creativity, employee retention, goal setting, leadership, stress management, teamwork, and time management. For more information on Harry's presentations, please call 800-886-2629 or fill out our contact form. |
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