In this article, we explore the reasons behind Bed Bath & Beyond's bankruptcy and the mistakes made by its management team and investors. The article argues that a lack of understanding of customers and a narrow focus on profitability were among the key reasons for the company's failure.

This article outlines key factors that contribute to the success of marketplace entities, whether they are B2B or other types of marketplaces. We emphasize the importance of traffic generation, understanding the actors involved, establishing a payment system, leveraging existing relationships, identifying actors with financial capacity, and setting a realistic launch date to gain initial traction.

For those who didn’t attend Shoptalk in Las Vegas or missed my session, I gave a talk on 8:30 Monday morning about Implementing Headless eCommerce with my friend Dimple Rao, VP of Product Management and User Experience Design at Chico’s FAS. Read my top three takeaways from the talk!

In this article, we talk about:

1. Nike and FootLocker have revitalized their partnership and Nike merchandise should start appearing again in Footlocker stores around Christmas.

2. Footlocker is closing the Lady Footlocker, Foot Action and Eastbay brands in North America.

3. Foot Locker is closing 400 stores in class C and D malls.

4. The company is focused on developing a store of the future concept which will launch in New York City in 2024.