“I said, how do we become the destination for the most wanted toys? … I said, imagine a Lego store within Target.”

Afford Anything | Get Smarter With Money · Steve Jobs Hated the Name “Genius Bar.” How He Came Around, with Ron Johnson

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19:27

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What was described

At Target, shifted toy department strategy from broad assortment to curating the most wanted toys (e.g., Lego) to become a destination

Said nearby on the same subject

“People like Lego said, I'm going to give all the inventory that's short to Target, because they're the destination. They're my best partner.”
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Said on Afford Anything | Get Smarter With Money
Growth tactic Share this moment
“He's betting on the next day to value creation is IP to franchise conversions across toys, games, theme parks, and streaming.”
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Said on Pivot
Business model Share this moment
“We could offer twice as much assortment… after six months where customers had to adapt to what's going on at Target, the business was fabulous.”
♫
Said on Afford Anything | Get Smarter With Money
Growth tactic Share this moment
“If we can't demonstrate value to a client we'll shake hands walk away… we do a minimum viable product… if we can't solve that problem… we take our toys and go home”
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Said on InsTech - insurance & innovation
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