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Since 2008, the start of the “Great Recession,” retailers have been going through a revolutionary process where they were forced to go back and examine their business from a different perspective in order to survive in the industry. The main … Continue reading
Monthly Archives: June 2012
Shared Services Increase Retail Revenue
Retailers have been utilizing shared services, the philosophy of centralizing, or sharing, common functions among several stores, since the early 1980’s. It is believed that this provision can create cost-savings within store operations. There are many areas within the retail … Continue reading
The Journey to Growth and Profitability
Business growth within the retail industry means constantly analyzing multiple aspects of the company in order to transform day-to-day operations into end-to-end capabilities. The retail organization must look at several variables in order to gauge where they are in the … Continue reading
Retail Margin Expansion and Selling, General and Administrative (SG&A) Expenses
Retailers are continuously looking for ways to increase their growth and expand margins. The best type of growth is through existing stores, often referred to as “same store” or “comp” sales. As opposed to expansion from the construction of new … Continue reading