Recent TRG blog posts

Economic recession may be a ripe time to discuss the doom and gloom but it is not to blame for retailers’ bankruptcy, at least not wholly. Instead of panicking and blindly cutting down on everything, retailers need to stay focused and agile to adapt.

Economic recession may be a ripe time to discuss the doom and gloom but it is not to blame for retailers’ bankruptcy, at least not wholly. Instead of panicking and blindly cutting down on everything, retailers need to stay focused and agile to adapt.

Human errors are the source of many inventory valuation issues, making it more troublesome for retail officers to certify financial results with confidence. A study by AMR Research in 2004 showed that 15% of retail loss was due to administration errors.

News headlines all over about retailer bankruptcy may give the impression of a gloomy outlook. However, some retailers are thriving during these periods of slow economic growth. What are their success secrets?

News headlines all over about retailer bankruptcy may give the impression of a gloomy outlook. However, some retailers are thriving during these periods of slow economic growth. What are their success secrets?

In the 2004 National Retail Security Survey by the University of Florida, retail shrink accounted for 1.54% of annual retail sales for large retailers—and for up to three times as much for small- and medium-sized retailers. A study from AMR Research in the same year indicated employee theft as the biggest cause of loss in retail operations, accounting for 50% of losses.

During tough economic times, decision making is critical to a retail business’ survival. Knowing their own strengths and weaknesses is the key to devising the right strategies. Two issues are investigated here: one related to merchandise efficiency and one related to process efficiency.

During tough economic times, decision making is critical to a retail business’ survival. Knowing their own strengths and weaknesses is the key to devising the right strategies. Two issues are investigated here: one related to merchandise efficiency and one related to process efficiency.

Closely monitoring changes to inventory is often harder than it looks, but it is one of the key components of retail financials. To certify the accuracy of financial reports, retail staff must calculate net income. There are two reasons measuring inventory value is complicated:

Closely monitoring changes to inventory is often harder than it looks, but it is one of the key components of retail financials. To certify the accuracy of financial reports, retail staff must calculate net income. There are two reasons measuring inventory value is complicated: