Headlines

Starbucks CEO Says Retail Is Undergoing a ‘Seismic Change’

Published

8 years ago

January 27, 2016

INSTORE Staff

The Walmart and Macy’s store closings may be foreboding.

In a quarterly-earnings call last week cited by Business Insider, Starbucks CEO Howard Schultz intimated that the recent Walmart and Macy’s store closings point to a larger consumer trend in the retail industry. In the context of those store closings, he spoke about consumers’ waning taste for brick and mortar. “I think we said three years ago publicly that we began to envision that there would be a seismic change in consumer behavior, and that seismic change was due in large part to e-commerce and smartphone shopping,” Schultz says.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”