Not Sure How I Feel About New Business Model...
- Thread starter tonij2000
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Lol IKR?!
I think I or most can find a purse or 2 they like from any designer. To me Coach designs goes from simple and elegant to fun and trendy and everywhere in between
OK, I didn't know about the little boutiques or the floating checkouts - that's insane! I don't understand why companies try to fix things that aren't broken. I get trying to stay fresh and relevant but you don't want to drive away your core base, either. Blah....
I actually like Penneys. I hope they fix their issues, I'd hate to see them go away permanently.
Actually I did consider the checkout system broken at Penney's. They used to have checkout stations in every department and you didn't have to wait. When they switched to centralized checkout stations and the lines were a mile long, I stopped shopping there. It just wasn't worth it to wait when I wasn't buying very much. So I think floating checkouts is a step in the right direction.
As far as the little boutiques, Target has started doing this too. I don't know how well it is working. After Christmas, lots of those things that were also at Neiman Marcus were on clearance.
I haven't been back to Penney's since they implemented all these changes. The only thing I ever buy there is DH's underwear.
I think Coach has already started some changes. For example, all the deletes on FOS and at the outlets are only 50% off. There used to be much better bargains when bags were deleted. I never understood why they used to discount new deletes so much. If they don't want to have sales in their FP stores, I don't know why they couldn't price new deletes at 25 to 30% off, and lower the prices later if they don't sell.
The problem I see is that once you give something, you can't take it away without consequences. Like Penney's eliminating coupons, if they never had coupons in the first place, customers wouldn't feel like they lost something. If they get rid of PCE, for those of us who always waited for PCE before we bought something, it will be difficult to convince us to pay FP.
The outlet near me doesn't get a lot of deletes, and the deletes don't sell very well. The market here wouldn't support higher priced factory bags.
If they change the return policy, I will buy a lot less.
If it were my company, I wouldn't change lines so frequently. I would keep things in FP much longer. That is what upsets most of us when we buy at FP - if it is deleted in a few months, we feel stupid for not waiting. But if it is more like 6 months, by that time, we will already be using our bags and not feel bad that we didn't wait for it to go to the outlet.
Just my opinion.
The problem I see is that once you give something, you can't take it away without consequences. Like Penney's eliminating coupons, if they never had coupons in the first place, customers wouldn't feel like they lost something. If they get rid of PCE, for those of us who always waited for PCE before we bought something, it will be difficult to convince us to pay FP.
The outlet near me doesn't get a lot of deletes, and the deletes don't sell very well. The market here wouldn't support higher priced factory bags.
If they change the return policy, I will buy a lot less.
If it were my company, I wouldn't change lines so frequently. I would keep things in FP much longer. That is what upsets most of us when we buy at FP - if it is deleted in a few months, we feel stupid for not waiting. But if it is more like 6 months, by that time, we will already be using our bags and not feel bad that we didn't wait for it to go to the outlet.
Just my opinion.
I agree with keeping the lines available longer. I remember seeing a gorgeous large sophia in the store once and when I went back later to buy it, it was long gone.
Other designers have a few iconic styles they sell year after year, so everyone knows what they are. "Oh, that's a Speedy" or what have you. Coach used to be this way but now, if the bag isn't emblazoned with c's or sporting the hangtag people have no idea what you're carrying half the time.
I'm still waiting to find out these "reliable sources" myself. It was completely ignored when I asked earlier.
How doesn't it add anything to the conversation? For all we know you could of made this up or gotten it from an unreliable source. This "new business model" could be completely false.
Why shoot the messenger? Even if all the details of the business model change are not completely correct, a business model change for Coach is coming. It needs to come. Coach's sales are slipping and they are devaluing their brand with their current business model. Reed Krakoff himself has even talked about the business model changes coming this summer in several interviews.
You can google his name and I am sure you will find his take on it.
Why shoot the messenger? Even if all the details of the business model change are not completely correct, a business model change for Coach is coming. It needs to come. Coach's sales are slipping and they are devaluing their brand with their current business model. Reed Krakoff himself has even talked about the business model changes coming this summer in several interviews.
You can google his name and I am sure you will find his take on it.
Why shoot the messenger? Because this messenger won't reveal who sent the message. It was an honest question, but now I really want to know why the source cannot be revealed?