VIEWPOINT: PETER GIANNETTI, EDITOR-IN-CHIEF
First-half retail financials confirm sudden shifts in retailer market share during the pandemic. The results also confirm an unprecedented, yet necessary, pivot by the HomeWorld Business team in the development of its annual ranking of top housewares retailers.
As it became clearer in March that retailing, an already fickle business in the e-commerce age, was in for a new disruption of immeasurable enormity and consequence, it also became clearer vendor-buyer relations, already confrontational at times, were about to be tested like never before.
A U.S. housewares supplier asked during the recent Ambiente show, as coronavirus worries were escalating, if was too early, and as such, too insensitive, to let a big U.S. retailer know he offered an alternative source for goods now sourced by the retailer from China.
The future is now for Matt Woods. The CEO of Woods Hardware, with five full-line hardware stores in the Cincinnati area, took home the 2018 Reimagine Retail award at the National Hardware Show for reinventive vision and execution by independent home improvement retailers.
I’ve been known to drop a sports metaphor in this space from time to time (the former sportswriter in me breaking loose). So, please indulge me if the hiring of Mark Tritton as Bed Bath & Beyond’s president and CEO had me thinking of all the Major League Baseball teams currently interviewing for a new manager.