The Backroom: Enjoy Technology set out to disrupt retail. But it got disrupted instead.
Welcome to The Backroom, a window into what goes on powering the scenes as the Retail Dive staff handles the stories and developments reshaping retail. You can check out all our podcast episodes (previous and existing) here and listen on Apple Podcasts, Stitcher, iHeartRadio and Spotify.
In a video clip on Enjoy Technology’s investor website, Ron Johnson, the previous head of J.C. Penney and Apple’s retail arm, states that the business has arrive up with the upcoming major disruptive thing in retail.
That would be the cell store — a van comprehensive of electronics items that comes appropriate to customers’ households. As the organization sees it, the “commerce-at-home” channel fills a gap among e-commerce (which is easy but impersonal) and the retail store (which delivers human connections and support but necessitates some driving).
But ahead of Take pleasure in could disrupt retail on any huge scale, it got disrupted. Its cell suppliers started hemorrhaging cash, a condition of factors exacerbated by the constrained supply of Apple merchandise that Get pleasure from helped promote as a result of a contract with the tech maker.
On Thursday, the business submitted for Chapter 11 personal bankruptcy with ideas to retain functioning via the course of action and a bridge financial loan to continue to keep it afloat till it secures debtor-in-possession financing.
On this episode of The Backroom, we communicate about Johnson’s retail previous and the potential of his cell retail outlet venture.
Editor’s be aware: This conversation was recorded prior to Enjoy’s Chapter 11 submitting.
Useful resource back links:
Editor’s note: This demonstrate was generated and edited by Caroline Jansen.