Minimize Timing and Maximize Profitability for Retail Store Openings
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James O'Farrell James O'Farrell
4 min read
Minimize Timing and Maximize Profitability for Retail Store Openings

Senior retail leadership is challenged with major process issues associated with accelerating store openings.

One common issue is with locating ideal and financially solvent store locations. Delays associated with the manual nature of developing a profit and loss statement (P&L) with multiple stakeholders for a new store location can result in a missed opportunities. Another issue is with managing store opening schedules and dealing with potential delays in the design, construction, and furnishing phases, which can cost thousands of dollars in unrealized revenue.

In this post, I suggest that by leveraging work management automation to optimize retail operations through improved execution consistency, enhanced process automation, and better program visibility and user adoption, you can eliminate these challenges.

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