Re:Wal-Mart will pay employees to deliver packages on their ...
by prostoalex on Saturday June 03, 2017 @01:37AM
(#14475164)
> stores have done almost nothing to improve workers' productivity
They also got their lesson with Amazon and other online retailers taking productivity to the max by streamlining warehouse operations and removing physical retail with its inefficiencies and expensive leases out of equation.
Currently US retail market can be broken down into three large groups - already bankrupt (Circuit City, Good Guys, Borders, Forever 21, Payless Shoe Stores), close to bankruptcy (JC Penney, Sears), or scaling down in order to avoid bankruptcy (Target, Macy's, Fresh and Easy).
Improving worker productivity at this point is as useful as optimizing horse-feeding stations a year after Henry Ford has unveiled Model T - you're likely to achieve a local maxima and claim a success, but the global maxima meanwhile changed significantly.
They also got their lesson with Amazon and other online retailers taking productivity to the max by streamlining warehouse operations and removing physical retail with its inefficiencies and expensive leases out of equation.
Currently US retail market can be broken down into three large groups - already bankrupt (Circuit City, Good Guys, Borders, Forever 21, Payless Shoe Stores), close to bankruptcy (JC Penney, Sears), or scaling down in order to avoid bankruptcy (Target, Macy's, Fresh and Easy).
Improving worker productivity at this point is as useful as optimizing horse-feeding stations a year after Henry Ford has unveiled Model T - you're likely to achieve a local maxima and claim a success, but the global maxima meanwhile changed significantly.