PRO’s Manlove Calls for Industry ‘Transformation’
One overarching theme that came out of last week’s PRO Group Spring meeting was articulated by PRO’s chairman of the board, Vann’s CEO and president George Manlove. In a broad-spectrum, statistics-filled presentation, Manlove made the case that short-term, reactive measures are longer enough.
Manlove cited Best Buy’s recent woes as worrisome for the industry. “The largest and most prominent retailer is struggling,” he said. “I don’t want them to struggle. I want them to survive and prosper,” he said. “It’s important for us to have somebody of significance in the industry to help anchor some stability.” Amazon and marketplaces in general have changed the face of CE, he said – along with Apple. “We allowed Apple to silently absorb full control of this industry,” in the last few years, “while we were in the midst of celebrating our success at flat-panel sales and making lots of money.”
Of the specialists populating the room, Manlove said, “We’ve all already right-sized our businesses. We’re at the point where minor change is no longer sufficient. We have to transform our industry.”