When you can’t win playing by the rules, it’s time to change the rules. In the case of debt ridden publicly held retailers, innovation is one of the most effective “rule changers” available.
On the heels of a disappointing fourth quarter, Pier 1 Imports unveiled a three-year plan to improve its business in the long-term. It also said it is ceasing its dividend payments.
Although Starbucks is a brand with a long-standing history of positive social action and community engagement, its recent controversy has done much to tarnish that carefully built reputation.