Store Communication and Execution | Operations | Merchandising | Loss Prevention
We often hear that retail is all about execution. But what exactly is execution and why is it so important? Theory vs practice Albert Einstein once said “In theory, theory and practice are the same. In practice, they are not.” While he referred to science, this adage applies to many other fields, and indeed to … Continue reading Why Store Execution Matters
According to a survey conducted by the In-Store Implementation Network, when asked "How do you measure performance of in-store merchandising?", 28% of respondents "make assumption that the job got done" and 23% "do not measure in-store execution" at all. And yet, the same research estimates that non-compliance costs the industry 1% of sales annually. While … Continue reading Retail Audit Misconceptions