Discover key insights on retail planning as discussed by Inside Retail Australia and Quantiful.
How poor planning is costing retailers sales – and profits
Significant market trends are impacting retail businesses today – the migration of consumers online, supply-chain challenges and the cost-of-living crisis to name just a few – but there is a more obvious reason many retailers are struggling.
Working with retailers across Australia and New Zealand, Quantiful CEO Jamie Cormack has identified poor planning outcomes as one of the significant causes forcing retailers to contract and even close stores today.
“Inaccurate information and planning processes create more inefficiencies, meaning less time is spent on strategic initiatives to win share,” Cormack tells Inside Retail.
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