K&B Global’s Post

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Retailer bankruptcies hit a post-pandemic peak last year, with more following in 2024. In response, major retailers are offering deep discounts to attract inflation-hit shoppers. While consumer confidence shows signs of recovery, maintaining margins remains a challenge. Strategic cost optimization and digital transformation are key. At K&B Global, we specialize in helping businesses navigate these changes and streamline operations for sustained profitability. #RetailTrends #CostOptimization #DigitalTransformation

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Executive Leader, Enterprise IT & Technology Strategy ✯ Expert in Global Corporate Development, Negotiation, M&A

A great post on the cost pressures some retailers are facing today - According to several sources retailer bankruptcies peaked last year, and another dozen are already in bankruptcy proceedings in 2024. To attract inflation-hit shoppers, Target, Walmart, and Amazon are slashing prices, especially on groceries. McDonald's is offering fixed-price meal deals. Michaels Stores is reducing prices by up to 40% on popular items, calling it an "investment in customer loyalty." It's a strategic play to boost consumer confidence, which has seen a slight uptick after months of decline. Despite closures, empty storefronts are quickly filling due to low retail availability. The big question is, how can retailers sustain their margins? The answer lies in cost optimization and digital transformation. At K&B Global, we're experts in navigating these challenges. From Finance & Accounting to IT, we streamline operations for sustained profitability. Let's connect and explore how we can help your business thrive in these dynamic times. #RetailTrends #CostOptimization #DigitalTransformation #BusinessConsulting https://lnkd.in/emYr9JMK

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