February 25, 2016
To Our Shareholders, Associates and Members:
2015 has proven to be the year where the impact of the changes I have described to you in the past, has spread more broadly to retailers that had previously proven to be relatively immune to such shifts. Walmart, Nordstrom, Macy’s, Staples, Whole Foods and many others have felt the impact of disruptive changes from online competition and new business models.
These shifts also are affecting companies that influence where people purchase products and the specific products they choose, like Google and Facebook, as well as companies that deliver products to customers,... Continue Reading »