Post by arfanho7 on Feb 24, 2024 21:47:31 GMT -8
It s likely that consumers are not only going to be looking for something different out of you in terms of value proposition but you probably don t need all the space you are currently using for two reasons. One the assortment you are going to be carrying is not going to be as broad. And the space you make available for products is going to support a different value proposition whether its service or.
It s a showroom for the products of a manufacturer but you really need to reimagine what the right customer experience is and what the right cost base is to make this capital efficient for shareholders. Best Buy is a good example. Best Buy has taken most of its commodity TVs and said we are not selling Ukraine Mobile Number List them in the store anymore. If you want to you can get them online and Best Buy will sell them to you in a more efficient way. the cool interesting new—what I would call the fresh items. This idea of freshness is to keep the consumer engaged in what you are doing and also from a profitability perspective to make sure you are selling items that have good profit margin.
That is critically important. So it s taking a cold hard look at your business and asking are there enough people who are going to continue to buy your goods in a store over time Q If the answer is no that I m doomed to be disrupted by ecommerce it sounds as if the third strategy Wind Down is for me. How does that work Lal If you look at any retail business there will be some categories that will be in that class.
It s a showroom for the products of a manufacturer but you really need to reimagine what the right customer experience is and what the right cost base is to make this capital efficient for shareholders. Best Buy is a good example. Best Buy has taken most of its commodity TVs and said we are not selling Ukraine Mobile Number List them in the store anymore. If you want to you can get them online and Best Buy will sell them to you in a more efficient way. the cool interesting new—what I would call the fresh items. This idea of freshness is to keep the consumer engaged in what you are doing and also from a profitability perspective to make sure you are selling items that have good profit margin.
That is critically important. So it s taking a cold hard look at your business and asking are there enough people who are going to continue to buy your goods in a store over time Q If the answer is no that I m doomed to be disrupted by ecommerce it sounds as if the third strategy Wind Down is for me. How does that work Lal If you look at any retail business there will be some categories that will be in that class.