-
The Evolving Role of "Gut Instincts" in Retail
By Michael Haydock
The retail industry might just be the last bastion of the gut instinct.
In my 20 years working with apparel merchants, department stores and big box companies, I've seen bosses make bet-the-company decisions on little more than a "feeling." Retailing is that kind of a business - it's filled with wonderful visionaries who have an uncanny sixth sense for the nascent trend - or, the moment when a powerful trend is about to falter.