Retailers must embrace rapid change to compete in a world where customer expectations have never been higher. The stakes are high, and brands that struggle to keep up face shuttered stores and bankruptcy. The following resources will help leaders prioritize where to invest time and money to build a solid financial backbone to support even the most aggressive expansion operations. These topics may not be the most glamorous aspects of innovation, but they are core elements of strategies adopted by the most successful brands.
Many retail round tables revolve around topics like omnichannel experiences, cross-border e-commerce, and the power of AI. These topics can be distracting for teams who are still struggling to streamline the nuts and bolts of their operations. This
A key area of technological infrastructure that retailers cannot overlook is retail lease administration. It serves less as a support function and more as a strategic role these days. When equipped with effective tools and processes, commercial reducers and lessees can make data-driven decisions that increase profitability. This
One of the best ways to introduce miscalculations and mistakes into your data for contracts and deferrals is to store that information in spreadsheets. Manual entries at month-end are time-consuming and error-prone, resulting in inaccurate reporting. In this short
E-commerce subscription models are an online popular option for retail consumers. Modern shoppers want convenience at the lowest prices. In the US, retail subscriptions amount to