Image by Getty Images via @ DaylifeMuch is Radio Shack made's recent profit decline and the output of the Julian day of the CEO, the man who should have the troubled retailer, but is anyone really surprised? If retailers leave on professional executives instead of with merchandising and sales to cut background, success of the initial cost is a pretty dim view.
This is because retail is more than a numbers game.
Certainly, business management and financial acumen are critical to retail success. But if the stores have a clear vision, heart, hustle and bustle and energy, they are not in conjunction with buyers and therefore unsuccessful.
Day had five years in the Office corner RadioShack turn around. He has cut into slices employees and tried a name change to "The shack," streamlined processes, and explore a sale of the chain. He should have reached its task most business theories, but Radio Shack still recorded a 30% in the first quarter profits.
Day is not only the guilt, but turnaround CEO's don't typically hold around five years. His last appearance was one impressive a year left before the bankruptcy for Kmart in the year 2003. There day was really a super star like Forbes colleague Steve Schaefer calls him. I the bankruptcy proceedings in Chicago, then covered and gaped ubiquitous tan of the day, only to discover that he still lived in Florida instead of Kmart's home outside of Detroit. Long it would be, perhaps he thought.
And perhaps the fastest bankruptcy was history exit in retail value, him fly back and forth in the more than $90 million in stock options and compensation, he went with. He will walk with more than $21 million for his time at Radio Shack. But Radio Shack find a real dealer, to lead it back to the viability and relevance?
It will take someone with heart of merchant and the capabilities of the MBA. In that order.
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