This podcast episode explores the surprising parallels between the fashion retail industry and the airline industry, highlighting the challenges faced by both sectors and potential strategies for turnaround. The conversation discusses the low growth, low margins, and high competition in fashion retail, as well as the skepticism surrounding turnarounds. It also examines the five key levers that can potentially boost profitability in the fashion retail industry. The podcast then delves into the application of a turnaround model from fashion retail to airlines, emphasizing the importance of targeting different customer segments, enhancing the product experience, and changing the distribution method. It concludes with a discussion on the similarities between premium retail brands and the airline industry in terms of product importance and the challenges of executing a turnaround.
