None of those stores exist today in their original form...yet at their height, Bonwit Teller, Lord & Taylor, Henri Bendel were the toast of the Big Apple and admired by retailers from coast to coast.
For an inside look at New York department stores during their heyday, I recommend this well-researched, well-written nonfiction book.
By the end of 2022, Airbus was still the international leader in aircraft planes. Airbus did lose some orders, but overall remained on course for the number one position in market share.
Boeing, meanwhile, is reportedly taking the long view and investing in technology to gain an edge by the end of this decade. In the interim, the aircraft firm will seek to at least hold onto a duopoly position.
Some of the big consulting firms are examining the past, present, and possible future impact of the COVID-19 pandemic on the business world.
Here's what they are thinking right now, in mid-2021:
Apple is reportedly planning an electric, self-driving car. Toyota, well aware of the challenges and opportunities in the global auto industry, warns Apple to "be prepared to deal with customers and various changes for some 40 years."
In other words, cars are not like computers. Toyota sells tens of millions of cars every year, year after year. One of the world's most successful car manufacturers, Toyota maintains a long-term focus and plans strategy years in advance as it seeks to maintain momentum. Can Apple enter the automotive market and build sales there for the long run?
Consumers are changing their shopping habits during this pandemic year, and these changes in turn require changes in marketing approaches. According to The Drum:
Confronted with unfamiliar stores and shelves filled with less familiar product choices, there is a much bigger opportunity for them to abandon past favorites.
In other words, this is a very good marketing opportunity to encourage brand switching as consumers approach shopping differently than in prepandemic periods.
Everyone, please stay safe.
"Our company is guided by three deeply held beliefs: That brands with purpose grow, companies with purpose last, and people with purpose thrive. And we think that refrain is going to be even more relevant in a post-coronavirus world than in a pre-coronavirus world."Alan Jope sees trends shaped by the pandemic that include an emphasis on hygiene, on staying safe at home, and on the "distance economy" which he indicates point to more in-home consumption and digital consumption.
