Skechers has gone against the flow and tide, and opened MORE retail outlets in Singapore (read news source), despite all the onerous, excessive and unproductive regulatory COVID19 measures. Why? Simple.
If you are a CXO, the most important things that occupy must be two things – profitability and sustainability. You can be profitable today, but can you sustain the company for the infinity? Profitability and sustainability are therefore two sides of the same coin. You will have a dud coin if you only have one embossed side.
Online shopping is increasingly replacing browsing and shopping at malls and stores. The convenience of browsing a wide variety of goods, configuring options for customized purchases, clicking the “pay” button, and then seeing the products arrive in a matter of days at your door, can be a mesmerizing experience for many.