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

Family Legacy, New Chapter: How Wilkerson Turns 89 Years of History Into Future Success

After 89 years of serving the Albany community, Harold Finkle Your Jeweler faced a pivotal decision. For third-generation owner Justin Finkle, the demanding hours of running a small business were taking precious time away from his young family. "After 23 years, I decided this was the time for me," Finkle explains. But closing a business with nearly nine decades of inventory and customer relationships isn't something easily managed alone. Wilkerson's comprehensive approach transformed this challenging transition into a remarkable success story. Their strategic planning handled everything from advertising and social media to inventory management and staffing — elements that would overwhelm most jewelers attempting to navigate a closing sale independently. The results speak volumes. "Wilkerson gave us three different tiers of potential goals," Finkle notes. "We've reached that third tier, that highest goal already, and we still have two weeks left of the sale." The partnership didn't just meet financial objectives—it exceeded them ahead of schedule.

Promoted Headlines

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular