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261: Uncovering The Path To Retail Profitability
Manage episode 380634089 series 2978503
In the competitive retail industry, profitability remains the ultimate aim for omnichannel and ecommerce pure-play retailers alike. Yet challenges like operational inefficiencies, muddled data management, and pricing pitfalls often deter retailers from hitting their vital profit targets. The scenario paints a dire picture: strategic anchors dragging companies down, potentially to the point of sinking. But what if there's a lifeline? Oliver Banks introduces OB&Co's innovative 'Path to Profitability' service, a tailor-made consulting solution designed to pinpoint and address your profitability hurdles. Discover the key elements and factors to uncover your path to profitability.
Listen to this podcast episode to uncover:
- The importance and sensitivity of pricing, including how uncontrolled adjustments can spell disaster and why dynamic pricing can mature your approach.
- The intricacies of stock management, from maintaining strong availability to clearing dead stock.
- The value of developing a lean operating model to refine the entire business structure.
- Why it's crucial to shift from data to action for proactive decision-making to drive profit.
- And the emerging trend that's set to disrupt the entire industry in just a few years.
The full show notes, including more information about the Path to Profitability, are at www.obandco.uk/261.
300 episodes
Manage episode 380634089 series 2978503
In the competitive retail industry, profitability remains the ultimate aim for omnichannel and ecommerce pure-play retailers alike. Yet challenges like operational inefficiencies, muddled data management, and pricing pitfalls often deter retailers from hitting their vital profit targets. The scenario paints a dire picture: strategic anchors dragging companies down, potentially to the point of sinking. But what if there's a lifeline? Oliver Banks introduces OB&Co's innovative 'Path to Profitability' service, a tailor-made consulting solution designed to pinpoint and address your profitability hurdles. Discover the key elements and factors to uncover your path to profitability.
Listen to this podcast episode to uncover:
- The importance and sensitivity of pricing, including how uncontrolled adjustments can spell disaster and why dynamic pricing can mature your approach.
- The intricacies of stock management, from maintaining strong availability to clearing dead stock.
- The value of developing a lean operating model to refine the entire business structure.
- Why it's crucial to shift from data to action for proactive decision-making to drive profit.
- And the emerging trend that's set to disrupt the entire industry in just a few years.
The full show notes, including more information about the Path to Profitability, are at www.obandco.uk/261.
300 episodes
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