What Sam Walton Told Me About Change

In the fall of 1991, I walked a store for two hours with Sam Walton. We talked about how retailing was changing.


Who ‘Mugged’ Macy’s

The three biggest department stores in the 1960’s – Macy’s, Hudson’s and Marshall Field’s. Macy’s is now the lone survivor…for the moment!

Chasing the Customer … While Sears Built a Tower … Sam Walton Built Stores

Back in 1969, the world’s largest retailer, Sears Roebuck and Company, decided to build the world’s tallest building in Chicago, IL – Sears Tower. About that time, Sam Walton decided to start building a lot of retail stores. Sears at one time did over 1% of the U.S. gross national product in retail sales. Today … Continue reading

Chinese Businessman Seeking Stake in New York Times? Why?

In 2012, newspapers lost $16 in print ads for every $1 earned in digital ads. It’s getting worse. In 2011 the ratio was just 10- to -1 according to Pew Research.  Therefore, I was not surprised to see yesterday’s New York Times, where David Barboza reported: SHANGHAI — A wealthy Chinese businessman and philanthropist known … Continue reading