Avoiding Retail Bankruptcy As Economic Uncertainty Persists
BRG is home to renowned thought leaders and experts considered authorities in their fields of work. Our timely research and perspectives provide analysis and insights on the most important issues facing the industries and organizations we serve.
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.
Prepare for what's next.
ThinkSet magazine, a BRG publication, provides nuanced, multifaceted thinking and expert guidance that help today’s business leaders adopt a more strategic, long-term mindset to prepare for what’s next.