Retail Operations: 6 Success Factors for a Tough Market

Retailers need to focus on three crucial things in order to be successful—understand what your customer wants to buy, offer it at a price they are prepared to pay, and make it available when they want to buy it. That’s the basic formula for success. But, in today’s economic climate, that’s still not enough.

To be truly competitive in today’s world, retailers need to focus on 6 specific factors that will ultimately determine their success. This E&Y report distills these observations into 6 operational success factors, which will help retailers improve their flexibility in a highly responsive retail environment.

Complexity = costsimple operating models are lean 

‘Fixed’ store costs should still be actively managed

Staff are your biggest non-product costand your biggest asset 

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Ernst & Young Report

DOWNLOAD THE REPORT TO LEARN WHY:

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