In a fast-paced business environment complicated by rapid changes and innovations, savvy retailers should think strategically and keep a keen eye on their administrations, operations and investments if they must stay ahead of their counterparts.
And while the different retail stores i.e., department stores, direct-to-consumer shops and chain stores may have different changing needs to deal with, these questions should apply to all.
1. Do I have enough stores, and are they strategically located?
According to Coresight Research, US retailers publicized 6,105 store closures and 2,658 store launches this year.
That’s why you can never ignore the significance of physical stores, no matter how perfect your online presence is. For digital-first retailers a showroom, may work, but many other industries will in the near future concentrate efforts in building brick-and-mortar establishments.
About the best locations in the US; it only went down to how much revenue the stores raked …