“War is cruelty. There is no use trying to reform it. The crueler it is, the sooner it will be over.”
― William Tecumseh Sherman
By David Johnson | @TurnaroundDavid
- Who Will Survive the Great Mall Shake-out? (Knowledge@Wharton): Malls across the United States are facing challenges as the physical footprint of retail shrinks in the face of persistent ecommerce growth and as a number of traditional mall-based retailers struggle to adjust their business models to changing consumer tastes. While malls catering to the high-end market continue to thrive, “B” and “C” class locations increasingly struggle.
- Can Business School Save a Company? (The Atlantic): With help from Goldman Sachs’ 10,000 Small Businesses initiative, and the benefit of executive education classes at Babson, Superior Printing and Publishing, a small print company in rural Kentucky, has managed to reverse the slide in its business. Many are hopeful that this positive outcome could paint the way for more impactful programs aimed at addressing the needs of small businesses.
- A Chip Off the Old Croc (Bloomberg): Former retail star and producer of the original “ugly shoe,” Crocs has struggled since its breakout year in 2007. The company recently announced another restructuring plan, reducing styles, stores, and headcount. Will Crocs make a comeback or will the company become yet another victim of the shifting retail landscape?
- What You Can Learn From A 9x Turnaround CEO (Forbes): Turnaround is as much an art as a science. In this piece, Forbes writer Ty Kiisel seeks to condense the wisdom of turnaround CEO Dick Cross into a few key nuggets of hard-won wisdom.
- Five Ways to Increase the Cash Flow of Middle Market Companies (Newport Board Group): Middle market companies facing liquidity challenges should focus on their efforts on these five options to maximize cash flow.