Staying ahead of the curve in the retail sector is nothing short of an ordeal. A fundamental element in beating competition entails developing capabilities critical for the future. To this end, it is critical for organizations to reinvest the savings achieved through IT Cost Management into building those critical capabilities. Before finalizing the areas to […]
Tag Archives | retail strategy
Retail Strategy: How to Effectively Manage IT Costs
The Retail industry is under constant pressure by low margins and ever-increasing rivalry. Weak consumer spending; saturated markets; increased consumers demands for service and lower prices; and intense competition has put significant strain on retail bottom lines and growth avenues. Thus, Retail Strategy must evolve to accommodate these market changes. Such low margins force the […]
The Final State of Retail Strategy Is Building the Last-Mile Exchange: Are We Not Far Behind?
E-Commerce is growing fast. Keeping up with the growing volume of e-commerce now requires delivery companies to disrupt their long-standing business model. This can bring peril to retailers and transportation companies who are now faced with challenges in this fast-changing marketplace. With the boom in e-commerce, there is the urgency for companies to retool their […]
Combine Customers’ Online and In-store Shopping Experience for Sales
Fifty percent of smartphone owners compare prices online while in a store, a phenomenon known as “showrooming,” according to Wiser. One third of these then go on to purchase from competitors. Meanwhile, 69 percent of smartphone users “webroom” by researching products online and then visiting a local store to purchase them, reports a Merchant Warehouse study. As […]
Introducing Flevy Business Toolkits
We recently added end-to-end Business Toolkits to our document offerings. Each toolkit is a collection of multiple documents that, when used together, provide a comprehensive and holistic framework for a project or business topic. Below are several examples: Product Launch Strategy https://flevy.com/business-toolkit/product-launch-strategy-pls Performance Management https://flevy.com/business-toolkit/performance-management-perf Marketing Plan Development https://flevy.com/business-toolkit/marketing-plan-development-mktg Balanced Scorecard https://flevy.com/business-toolkit/balanced-scorecard-bsc Project Management https://flevy.com/business-toolkit/project-management-pm […]
