The company told the Reading Eagle that furniture sales are seeing growth, while sales of televisions and other related products are not, due in large part to competition from electronics specialists such as Best Buy.
Company Chairman Albert R. Boscov also told the Eagle that his company is one of the last to sell appliances and that it plans to "stick...
In order to survive and grow, a retailer’s rate of change has to accelerate faster than the rate of consumer change.
For the last 60 years, retailers have collectively trained and motivated consumers—through advertising and marketing across every demographic—to be hyper-sensitive to price. J.C. Penney, for example, recently learned that you can’t take away coupon promotions, discounts and savings from consumers and expect to grow profits.