10 steps to retail success

by Deepak Sharma on Saturday, October 01, 2011

Keep an eye on Clare Rayner’s blog as she introduces the 10 steps to retail success over the next few weeks. The 10 steps are as below:

10-steps to retail success…

    1. Your personal and business goals, your business mission
    2. Your business positioning
    3. Your ideal customer
    4. Your product strategy and range planning
    5. Your pricing and promotional strategy
    6. Your channel and location strategy
    7. Your customer engagement strategy
    8. Your sourcing and supply chain strategy
    9. How you plan and control your business
    10. Your back office functions – taking care of HR, Legal, Finance and IT