Mitchell Gold Bankruptcy

[Ali Gator]

4 hours ago, pubic_assistance said:

Many long-standing retailers have been brought down by Corporate take-overs that focus on mass marketing and cost cutting that render the business unoriginal and ultimately uninteresting.

Crabtree & Evelyn. They didn't realize their loyal market were older women (30+) and decided to go after the trendy Zoomers instead. The lost their core market and never attracted enough Zoomers. 

[+ BenjaminNicholas]

6 hours ago, Pensant said:

Wow! I didn’t realize that I was upper crust!

If they didn't know it from your furniture, the monocle you wear is a dead-giveaway.

[+ BenjaminNicholas]

3 hours ago, Ali Gator said:

Crabtree & Evelyn

Aka, the middle-aged female potpourri store

[pubic_assistance]

21 hours ago, Ali Gator said:

They didn't realize their loyal market were older women (30+) and decided to go after the trendy Zoomers instead.

I think the biggest example of clueless MBA executive meddling is JC Penney. As you mentioned with Crabtree...they went after a customer that wouldn't be caught dead in a JC Penney store. Meanwhile alienating a couple million loyal customers. Complete stupidity and they've spent years trying to climb out of that hole.

Edited September 18, 2023 by pubic_assistance