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For the past few weeks we have been discussing the effect out-of-stock (OOS) and overstock have on the retail enterprise. These two occurrences are more than just a major source of frustration for retailers. According to IHL Group, a retail … Continue reading
Author Archives: Adam Haight
Big Data – Insights to a Competitive Advantage
It is commonly thought that data is the foundation of information, and information is knowledge. Yet to gain true insight, large quantities of data may be needed. Today, big data is a term increasingly being used to describe the massive … Continue reading
Damaged Profit Awareness
Traditionally, retailers view shrink as the only form of “loss” they experience. However, there are more aspects to it then realized. Damage, waste and margin erosion all contribute to a company’s margin pressure. High utility bills, cash handling, register errors, … Continue reading
Examining Margin Erosion: Like sands through an hourglass, so are your profit margins
Have you ever noticed exactly how much each incremental sale resembles an individual grain of sand? As each grain of sand is added to the next, you begin to see the larger picture, the beach. As each sale is added … Continue reading
Alleviating Commodity Price Pressures with Profit Amplification
The costs of basic commodities have a far-reaching impact – beyond cost impact of buying personal staples. In 2011 we have seen extreme fluctuation in the prices of commodities and the resulting impact on the retail marketplace. Higher food/retail commodity … Continue reading