Retail has changed forever, the reason I know this is by doing the maths and understanding how customers expectations have changed.
In Retail we are facing our own horse & buggy moment, what worked for the last 60 years will not guarantee success in the next 5 years. What's changed is the customer and their expectations and more importantly how they like to shop. Discussions around e-commerce versus bricks and mortar miss the point, its about the structure of retail, thats what has changed.
Download your free whitepaper by market-leading Retail Consultant Bill Rooney
Why Australian Retailers Are Heading for Disaster and What They Can Do About It.
There is much media attention on the eminent arrival to these shores of Amazon and the devastation it will have on Australian Retailers especially in the fashion, consumer electronics, computers, music and book categories. Amazon, while a threat, is only one of many, they are queuing up in a Tsunami of retail anarchy. Find out about Lefties, Alibaba's T-Mall and retail Globalisation.
Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period.
Australian retailers are looking to free up funds to reinvest in their business and transform themselves for a digital age or often simply to increase profitability when sales and margin are under pressure. The best way to do this is to apply zero based budgeting which is a successful methodology that few Australian Retailers have adopted to date. Zero-based budgeting (ZBB) is a method of budgeting in which all expenses must be justified for each new period. Find out more in our whitepaper.