SCALA Consulting’s Post

Which dollar store chain has the most to benefit from the closure of 99 Cents Only stores? There are interesting insights in this article from Corey Tarlowe. #topretailexperts

We don’t run great stores by wishing it to be so. It requires intentional action. We help retailers interpret the brand’s successes and opportunities and come up with a plan that brings their vision to life. To learn more, visit runninggreatstores.com. #runninggreatstores #retail

For years, Daniel ran his store the old-fashioned way; buying from suppliers blindly, restocking when shelves were empty, and hoping he wasn’t overpaying. Then he found Retail Polaris. Suddenly, sourcing became smarter. He could compare prices directly, stay updated on market changes, and restock in minutes, not hours. No guesswork, no wasted time, just smarter business decisions. Today, Daniel’s store runs like a well-oiled machine, with shelves always stocked and customers always satisfied. Retail Polaris didn’t just change how he runs his store—it transformed his entire business. Why settle for outdated methods when you can join Daniel in smarter retail? #RetailPolaris #RetailSuccess #SmartBusiness #SeamlessOperations #RetailSolutions #StayAhead #SmarterRetail

Watch a quick video briefing on the thousands of retail closures the past two years. #retail #closing #WSJ

One retailer is hoping it can prevent being a dollar short. Like a real general, discount retailer Dollar General is cutting the fat by reducing the variety and volume of goods it carries to get products to store shelves faster. While consumers won't like less variety, streamlining the supply chain will ensure that store shelves aren't empty that the products get on shelves quickly. Have you ever met a dollar you didn't like? Dollar stores have been through a transformation over the past two years. Dollar General and Dollar Tree have both expanded operations and opened more store locations as inflation turns just about every consumer into a bargain shopper. More importantly, items at dollar stores are no longer limited to $1. Instead, they've also fallen victim to inflation, carrying more items that fall into the $1.25 or $1.50 range. A dollar for your thoughts on streamlining...In order to streamline operations and combat theft across its vast network of over 20,000 stores, Dollar General's new strategy involves reducing product variety and exerting stricter control over inventory levels. While cutting variety sounds like a bad thing for shoppers, it is good for business. By restructuring its distribution network and changing warehouse sorting processes, the retailer can speed up the flow of goods to its stores, which means new and existing are readily available. More importantly for Dollar General, reducing inventory and product assortment can free up cash and simplify supply chain operations. Given the company has grown from 15,000 in 2019 to more than 20,000 with another 800 new openings this year, simple is better. What's getting cut is more important than what it's keeping. Like most retailers, Dollar General dealing with increasing theft and shoplifting, which eats into revenue and profitability. So, the company is cutting 1,000 items from its shelves this year, focusing on those most susceptible to theft or damage. At a time when retailers and drug stores are facing uncertainty, streamlining the supply chain makes financial sense. In the case of Dollar General, the specific focus on high-theft, high-shrink items is worth noting because retail theft isn't going away. In fact, it's a growing epidemic in cities big and small. Only time will tell if the strategy works on the bottom linen and customers alike https://lnkd.in/gTnJD8xN #dollargeneral #supplychain #retail #logistics #inventorymanagement #shrinkage #business

Motive’s Big Box Retail Index reveals a significant uptick in retailer restocking this June, with 10.8% more truck visits to warehouses compared to May and a 16% increase year over year. While restocking rates usually rise this time of year, Motive's report highlights a much higher rate than in previous years. #Retail #Restocking #Logistics #SupplyChain #TruckingIndustry

The expansion of corporate retail stores has led to shrinking profit margins. Finding ways to reduce this impact and maintain profitability becomes crucial in this competitive landscape. #NewAgeJewellers #CorporateExpansion #ProfitMargins #RetailChallenges

COOs need to know what's happening in their stores, warehouses, and across their entire retail network. That's why I show them Robling's "Imminent Stockout" insight to prevent problems before they impact the bottom line. —----- P.S. Watch to the end of the video to find out how to get access to his for your retail business.

I followed this company for 10 years. Not sure they had one solid year throughout. That LBO debt can really handcuff an operator. Significant real estate assets were the impetus for several financial restructurings over the past five years and supported liquidity in the form of multiple sale/leasebacks. On the retail side of things, the Company was pressured by rising costs but going through at least four different CEOs, one every other year, certainly did not help with merchandising and a consistent game plan. RetailStat has provided a blow by blow over the years, from the constant liquidity squeeze to delinquent vendor payments, further debt restructuring negotiations, the lack of logic in someone being interested in buying their assets, and finally the bankruptcy and liquidation. On that note, how does one liquidate goods that sell (or don't sell) for 99 Cents?

How does your business manage cost negotiations with Walmart? When dealing with the world's largest retailer, how can you find leverage in the negotiation? We can help! #Walmart #Retail #OpenCall #Business #Strategy