Department Stores Must Flex To Face The Future
Can your department store make it?
Have you ever watched a rock climber adapt to the conditions of the climb? It takes a foundation of flexibility and strength to conquer an uncertain cliff face. Department stores have a similar challenge: climbing the changing face of retail.
The culture of retail has been changing drastically in the past decade. Therefore, the best way to face the future of department store retail is to equip your business to flex with the changes so you can stay on trend without sacrificing profitability.
Put A Stable Foundation In Place
Having a professionally designed software suite that is integrated and centralized solves many of the problems retailers face. ChainDrive’s Integrated Retail Management solution utilizes a centralized database that provides a stable foundation for optimal functionality. In other words, all information generated across the enterprise from one end to the other is collected in real time and put where it can be used for whatever management needs to do.
Build Department Store Retailers With Flexibility & Strength In Mind
From the foundation of a centralized database, inventory management is simplified and can be adapted to specific locations if necessary. If one store in the chain is in a location that has a higher demand for water gear because it is a vacation spot, for instance, there’s no need to make all the other stores carry more swimsuits.
Commissions can be flexible, too, without being complicated. Rewarding employees for their efforts can be automatically put into the accounting system and payroll when a sale is made because split commissions are accurate and transparent. This strengthens your staff to do their job with confidence that they will be rewarded appropriately.
Customer relationship management, registries, and promotions all benefit from the flexibility that the centralized database provides. The multiple cost centers in the department store can be integrated without a hitch and as things change, the components can be adapted if necessary. A strong, flexible management system frees you to face the changing market.
Flex To Meet Customer Needs
When the department store retailer has software that is fully functional and flexible, meeting customer needs is simply a matter of analyzing the data collected and responding to it. When changes need to happen it can be put into place without disrupting the entire system. Just like the climber in top physical condition can flex to face whatever the climb involves, ChainDrive puts department store retailers in shape to face the future.
