The most important winning formula for retail business is Location, Location, and Location. Yet, most of the time, failure lies in this location aspect for any retail business. Retailers, often tend to forget the basics of location selection. This article is an attempt to help upcoming retailers and existing retailers to fine-tune their retail location […]
The first valuable lesson that I learned in retail was “Inventory is an asset”. But off lately, thanks to the current retail scenario, it has become the new-age retail problem. Inventory problems represent waste. They tie up company money, need material handling and consume valuable space. It reflects on the balance sheet & highlights […]
Are you a Value Innovator? Many companies take their industry’s conditions or economic scenario as given; value innovators don’t. Many companies let their competitors set the parameters of their strategic thinking; value innovators do not use their competitors as benchmarks. Let me clarify and explain this in more detail. Businesses usually compete in a market […]
The film “Super 30” is not only a film but a mission of uplifting students from the lowest economic strata. Uplifting them by fulfilling their dreams for a better life, better education. To execute this mission requires Leadership. Leadership is a skill that sets the winner apart from the rest. “What is the difference between […]
“Are retailers in the middle east region, creating a virtual value ecosystem?” was the question asked to me recently in one of the retail forums wherein I was co-presenting. At first, I complimented the questioner for asking such a great question and opened the question to the audience. The question got the audience engaged and […]
Disrupting accounting principles “Could Finance & Accounting ever get disrupted in a business environment wherein no two days are similar?”. What are the future trends in accounting that would challenge its current practices? We all are living in a world where the laws of doing business keep evolving and also are being challenged & regularly […]
“Sustainability” is becoming a business differentiator in the 21st century. People, today are more aware of the environment and ecological conservations & the term “sustainability” is being heard quite often. Let me give you an interesting statistics here; of the 7.5 billion virgin forests that once covered the Earth, nearly half have been cut down […]
Developing an effective store operations strategy & imparting the best customer service are the foremost priority of a retail manager or even the CEO of a retail organization. The store remains the temple of your brand, and we all know that the customer is the king. So how retailers are coping up with the “Listening […]
As the world is becoming more socially aware about sustainability & carbon footprints and hence one term that we keep hearing in media is “sustainable fashion” or “sustainable brands”. As per Wikipedia, sustainable fashion is defined as a movement and process of fostering change to fashion products and the fashion system towards greater ecological integrity […]
As we hear more about retail apocalypse or meltdown, we tend to think as to why so many retail stores and chains are closing down. The answer to above question lies within the retail brand stores; their inability to reinvent, forgetting the basics of retail, high cost of collateral loans or borrowing or project financing […]
