How to improve profits in Retail

Description
How to improve profits in Retail
Retail has become an extremely difficult business. Therefore, you need to constantly work on its profitability. In this short presentation, we want to summarize the best practices from management consulting projects when it comes to improving the profitability of Retail businesses.
In the presentation you will learn the following things:
1. What is an issue tree and how it can be used
2. How to use the issue tree in Retail
3. What is the framework for increasing sales in Retail
4. What is the framework for increasing the margin in Retail
5. How you can cut costs in Retail
6. What are the standard ways to cut costs in Head Office
7. How you can cut costs in stores
The frameworks that we will provide in this presentation show you the potential solutions you can use if you want to increase the profits of a Retailer. Usually, you use such frameworks to select potential ideas. Afterward, for every idea, you conduct a cost-benefit analysis. Such analyses help you decide how to prioritize the ideas. Ideally, you start by implementing the things which generate a big impact, fast with little resources needed. Check our template for cost-benefits analysis as well.