Retail in the News

You’ll always find daily mentions of the retail industry in the news. Recent coverage has focused on consumer spending and the health care debate (and covered ad nauseam if you ask me).

But, this week, I’ve been particularly excited by a number of interesting news articles that have highlighted the retail industry. Interviews with retail executives, tips for landing retail jobs, managing retail employees — these are the kind-of articles I like to read — the ones that focus on real people in retail.

Here’s a digest of my favorite articles from the week:

(1) You Want Insights? Go to the Front Lines
New York Times, Corner Office, August 15, 2009

Every Sunday, the New York Times interviews top executives about the challenges of leading and managing. This week they interviewed Brian Dunn, CEO of Best Buy, who discussed leadership lessons he has learned (when you’re asked what you think, tell people what you think), and how he uses technology (monitors Best Buy mentions on the web and on Twitter; uses Skype to watch NBA basketball with his kids).

Some of my favorite quotes:

“Learning from people who are actually doing the work.”

“Be really careful about what you believe about yourself. You’re never as good as they say or as bad as they say. When I was made C.E.O. on June 24, I didn’t wake up that morning smarter. I didn’t wake up with a massive I.Q. expansion. I did wake up with a new responsibility.”

Read the full article.

(2) Your Career: Landing a Retail Job in a Recession
New York Times, Business, August 17, 2009

Retail jobs are harder to find in this economic environment. Read about what individuals and universities are doing to find jobs. One example: University of Pennsylvania’s Wharton School has been working with retailers to develop short-term projects, in areas such as operations and merchandising.

Other tips include:

    • Focus on financially healthy chains.
    • Look for jobs at stores where you regularly shop and that you’re passionate about.
    • Meet the managers: Don’t just drop off your resume
    • Be flexible. Working in retailing can mean long work schedules, particularly as the holiday season approaches.
    • Play up your experience in customer service.

Read the full article.

(3) Unlocking the Potential of Frontline Managers
McKinsey Quarterly, August 2009

The managers of frontline employees are crucial, yet often overlooked.

This article highlights the importance of the district/area managers, store managers, site or plant managers, and line supervisors. These managers direct as much as two-thirds of the workforce and are responsible for a crucial part of the company that typically defines the customer experience. Yet, they often have too limited flexibility in decision making and too little room for creativity.

Read the article (full article requires subscription).

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