Avoiding Retail Bankruptcy As Economic Uncertainty Persists

BRG Retail Performance Improvement experts Murali Gokki, Shawn Ashworth, and Joe Schmitt warn retailers against being lulled into a false sense of confidence when evaluating sales and consumer trends alone. They propose five best practices to avoid bankruptcy as economic uncertainty persists:

1. Build a stronger cash-flow model
2. Extend your cash management cycle
3. Evaluate the cash impact of inventory
4. Reassess cost structures—and tie them to healthy margins
5. Focus on operational improvements to fund growth

Read the full article to learn more why and how retailers should implement these strategies.