Retailing industry analyst Kantar Retail this month released an impact study on the US supermarket sector that highlights a new entry from Europe. Lidl, a no-frills grocery chain headquartered in Germany, is in business in 28 countries in Europe, is expected to enter the US market in 2018.
Kmart, granddaddy of the big box retail format, addressed fears yesterday that the brand’s recent struggles are fatal. Kmart CEO Eddie Lampert took to the pulpit to deny “recent reports” that the chain was near the end, a matter of great importance to hundreds of Kmart-anchored shopping centers across the US.
A major problem with using statistics is that today it’s much easier to count things than it is to decide exactly what to count, or exactly why to count. The answers we obtain when analyzing economic and commercial real estate data may reflect the real world, but there’s no guarantee that a set of questions are the right ones. In data science or statistical analysis, the quality of an answer entirely depends on the quality of the design of the question asked.