Avoiding Retail Bankruptcy As Economic Uncertainty Persists
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BRG Retail Performance Improvement experts Murali Gokki, Shawn Ashworth, and Joe Schmitt warn retailers against being lulled into a false sense of confidence when evaluating sales and consumer trends alone. They propose five best practices to avoid bankruptcy as economic uncertainty persists:
- Build a stronger cash-flow model
- Extend your cash management cycle
- Evaluate the cash impact of inventory
- Reassess cost structures—and tie them to healthy margins
- Focus on operational improvements to fund growth
Read the full article to learn more why and how retailers should implement these strategies.
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