261: Uncovering The Path To Retail Profitability

Retail Transformation Show with Oliver Banks

In the competitive retail industry, profitability remains the ultimate aim for omnichannel and ecommerce pure-play retailers alike. Yet challenges like operational inefficiencies, muddled data management, and pricing pitfalls often deter retailers from hitting their vital profit targets. The scenario paints a dire picture: strategic anchors dragging companies down, potentially to the point of sinking. But what if there's a lifeline? Oliver Banks introduces OB&Co's innovative 'Path to Profitability' service, a tailor-made consulting solution designed to pinpoint and address your profitability hurdles. Discover the key elements and factors to uncover your path to profitability.

Listen to this podcast episode to uncover:

• The importance and sensitivity of pricing, including how uncontrolled adjustments can spell disaster and why dynamic pricing can mature your approach.
• The intricacies of stock management, from maintaining strong availability to clearing dead stock.
• The value of developing a lean operating model to refine the entire business structure.
• Why it's crucial to shift from data to action for proactive decision-making to drive profit.
• And the emerging trend that's set to disrupt the entire industry in just a few years.

The full show notes, including more information about the Path to Profitability, are at www.obandco.uk/261.