Dive Summary:
- At the NRF in New York, major companies showed their biggest growths and set high goals for themselves for 2013, with notable goals being veteran hiring by Walmart backed by a pledge to have more US sourced products.
- Other goals include Ethan Allen capitalizing on a meaningful housing market recovery, Spencer's revamping its ecommerce platform, and Saks Fifth Avenue implementing an omnichannel focus for consumer convenience.
- While some retailers such as Walmart were met with opposition for their goals from competitors, the bars have been set and could very well set the trend for retail for the year.
From the article:
"...a cross section of retail CEO’s during the National Retail Federation’s Big Show this week at New York City’s Javitz Center, who shared their biggest growth opportunities and business goals for 2013 with Forbes.
But it was Wal-Mart, the nation’s largest retailer, that stole the spotlight. The mother lode of the industry outlined an aggressive growth strategy..."