Connect with us

Headlines

Survey of 100 Retail CFOs Reveals the 6 Risks They Worry About Most in 2016

mm

Published

on

They also tell which promotional strategies are working, and which aren’t.

A recent BDO survey of 100 retail finance chiefs gauged their sentiment on the current retail climate and also asked what risks concern them most for 2016, CFO magazine writes. The article lists the top six risks cited by the survey respondents, including:

  • Competition and consolidation in the retail sector (29%)
  • Federal, state and/or local regulations (21%)
  • Geopolitical events/natural disasters (20%)
  • Protection of customer data from potential breach (15%)
  • U.S. and foreign supplier concerns (8%)
  • Excess inventory (8%)

 

The survey, according to the article, also revealed that 22 percent of the CFOs believed that in-store promotions were less successful than any other promotional strategy in 2015, while 31 percent of them said social media and email promotions were the most successful.

Read more at CFO

Advertisement

Advertisement

SPONSORED VIDEO

Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

Promoted Headlines

Most Popular