Winning Strategies for Retailers in a Profit-Challenged Omnichannel World

Retail and consumer products expert, Michael Appel, offers insights on industry trends, issues and opportunities.  @MAppel_Retail   Amid continued announcements of store closings and liquidations, there is some truth in the assertion that technology has changed everything, created disruption and eroded profitability. However, technology can also boost profitability by driving sales and improving margins, improve the use of working capital, and reduce indirect costs. These solutions have already been validated by…

Cedar Croft Consulting - retail turnaround experts

A New Vision for Retail: It’s All About Perspective and Strategy!

Retail and consumer products expert, Michael Appel, offers insights on industry trends, issues and opportunities.  @MAppel_Retail   If you looked only at the spate of recent store closing announcements, you could be forgiven for thinking the sky is falling. But from my work on front lines consulting with retail companies, I believe the real reason bricks and mortar retail is in upheaval is that the U.S. is vastly over-stored. Take a…