RetailBizBlog

As the retail climate continues to change so rapidly, corporate level executives must do their best to adapt and adjust their business strategies. I have written much about what some of the steps are that can be taken both at store level and corporate level to insure your company stays ahead. The intent of this article is to educate employees as to some of the "whys" corporate makes certain decisions. The most common frustrations at the store level are usually focussed around pricing strategy and floor moves.  The typical scenario in both cases is changing something Monday to change it again on Wednesday, only to put it back on Friday.  Corporate has to look at the company as one giant store.  When your store sold $2000 on Monday and the best selling item was funky shirt, but the company sold $2.2 million and that funky shirt performed very poorly, the company needs to take that information and make a move quickly. Every single item that is sold in your store was purc