What do the restaurant, hardware and lingerie industries all have in common?
They’re struggling to keep up.
Recent news regarding Lowes’ closing of OSH, along with the continued poor stock performances of Victoria’s Secret and Cheesecake Factory, reveal that some companies just can’t handle shifting market tides.
If homeowners are losing interest in DIY projects, will more hardware and home improvement businesses flounder like OSH? Is the Victoria’s Secret “sexy” image growing outdated? And how are restaurants coping with the recent hikes in minimum wage?
We discuss these issues and more with our business experts.
Marshal Cohen, chief retail analyst at The NPD Group, a retail analysis firm
Gabriella Santaniello, owner and founder of A Line, a retail consultancy firm based in Los Angeles