<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=235914&amp;fmt=gif">

How to Stay Competitive in Retail

Jun 8, 2017 10:00:00 AM

 

In the retail industry, it’s hard to stay profitable because Amazon is doing a good job at the beating everyone in the market. So how do you compete?

 

In today’s super competitive retail market- razor thin margins and rising costs of operations are challenging all retailers to reevaluate their Brick and Morter approach. To compete with a company like Amazon trying to drive more sales and increase revenues is easier said than done.

The good news is, it doesn’t require increasing your sales to be competitive. It’s all about lowering cost elsewhere. One of the easiest solution to implement, is getting a building automation system to help reduce your operating cost!

According to Energystar.gov a 10% reduction in energy costs for the average full-line discount retailer can boost net profit margins by as much as 1.55%. Now, it may be a small number but that’s a serious boost in profits. Intelligent building automation systems reduce your maintenance costs and utility costs up to 30%.

Additionally, a building automation system provides great insight into how your building is performing and whether equipment is working properly. Automated alerts even notify facility managers of potential mechanical issues. Pretty smart, right?. Intelligent building automation systems deliver retail locations many benefits, including contributing to a more competitive brick and mortar operation.

Rockler case study

 

Kelly Huang

Written by Kelly Huang

Lists by Topic

see all