The thumbnail version:
- Godiva Chocolatier is shutting its U.S. retail stores.
- There may be a message in this for T-shirt shops.
The full version:
Yesterday it was announced that Godiva Chocolatier, the well-known, 80-year-old, almost world-wide chocolate brand, is going to shut down all of its 128 brick and mortar retail stores in the U.S. by the end of March this year.
You might be wondering what chocolate has to do with Tees. Well, nothing directly but what Godiva is doing seems to give credence to the argument that retail business is changing, and changing rapidly.
Godiva is not going out of business—it’s focusing on its online and wholesale business. When an influential brand makes such a significant strategic change, the rest of us should pay attention—it might be the writing on the wall that we ignore at our peril.
So, how’s the online part of your shop doing? If you’re not online, how are your plans coming along?
Don’t just ignore the writing on the wall—read it, consider it, and take the appropriate action.
And here’s an “added value” tip for your online business—optimize your shop’s website for mobile devices. More and more nowadays, customers are starting their searches on mobile devices and completing the purchase later on their computers.