The retail industry has evolved over the years and has managed to get more organized with modern concepts of store management, better customer relationship management tools, and efficient supply chains. As the saying goes “In retail, God is in the detail”, truly reinstates the level of value each activity plays for the overall success of a brand.

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Being successful in retail in the very first attempt has rarely been possible. For a retail outlet to be fully productive and profitable, brand owners need to invest in studying store dynamics and site locations for obtaining the best mileage on their investments. In the retail business, margins are usually “wafer-thin” as business costs are high especially in standalone stores. These “wafer-thin” margins in the present age are further getting sliced with the rise of E-commerce sites that provide a more convenient and hassle-free platform for shopping. Store footfalls continue to decline amidst this E-commerce growth affecting the overall retail industry.

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Maintaining the right inventory, latest styles and trending products are important for the success of a retail store and remain a vital element of every store managers' plan. Blackboard consultants have worked with leading international brands in helping them understand the value derived from every square foot invested or investments that propose further square foot addition. Through this, we’ve brought down costs on low performing product lines/ groups thus ensuring the right product baskets.

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For a more detailed discussion within this sector please get in touch with one of our consultants. Alternatively, you may fill your details on the Contact Us page and we will respond to your query in 48 hours.