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Advice

A retailer’s guide to navigating economic downturns

Retail businesses often find themselves at the forefront of economic fluctuations. During periods of economic downturns, challenges like reduced consumer spending, increased competition, and supply chain disruptions can threaten the survival of retail establishments. However, with strategic planning and adaptability, retailers can not only weather these storms but also emerge stronger. This guide offers retailers a roadmap for navigating economic downturns.

1. Analyse and adjust inventory
Start by analysing your inventory.

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