Feb. 7, 2014 – Coming off a less than spectacular holiday shopping season, the retail industry is once again feeling the squeeze. According to USA Today, of the 29 retailers that recently reported earnings guidance for the current quarter, 25 of them were negative. Adding to the uncertainty is a recent report from Standard & Poor, which predicted that rising healthcare costs and low retirement savings will hurt discretionary spending in the coming year.
The worst news, though, comes from Deloitte, which reported that the number of retailers going bankrupt has increased over the past three years – rising 6 percent last year and up 18 percent since 2010.
For retailers, trimming costs is more important than ever. And when it comes to improving margins and profitability, procurement is always a good place to start.
In the last decade, full-service e-sourcing has emerged as an essential tool for maximizing the value of a retailer’s supply chain. Read the full story on the Retail Merchandiser blog.