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Anonymous

Hey I am on Medial • 7m

lets say there is a clothing retail store if I invest x amount in it and start it I will have some sales , expenses and profit which I take home now the problem is rent increases every year by 10% , staff cost increases every year by 10% but the price of per cloth is not increasing by 10% every year , even in last 5 years due to so much online competition and offline more shops opening the prices are not increased a single rupee nor the customers foot fall is increasing since the shop is in a particular location and its range from which its customers come are bound let's say 20 km so the foot fall is also not increasing neither the prices increasing nor the customers increasing and also you cannot increase the products in store as space is limited so overall per store expenses increasing by 10% but revenue not increasing with the same pace so how to deal with such problem if we increase number of stores problem still remains as situation is same at per store level

12 Replies

Replies (12)

Gowtham N

Designation - Not ye... • 7m

Exactly, I have a solution DM me

3 Replies

SHIV DIXIT

CHAIRMAN - BITEX IND... • 7m

If this is happening then you need to recreate your agreement of rent and add clause of 5% increase every year then try to cut down your 30% workforce and introduce additional revenue models on that store's like if possible then open your website and Start Positioning you brand store's in every Social media or e commerce app then decrease the monthly expenses and run business on automation also if still not working then start manufacturing facility there because demographics demands was not increasing so converting that shop into another business venture is much profitable option

Anonymous 3

Hey I am on Medial • 7m

Maybe you could look into stocking exclusive or unique items that people can’t get elsewhere, even online. It’ll make your store more of a destination, and people might be willing to pay a premium for something unique

Anonymous 2

Hey I am on Medial • 7m

Have you looked into renegotiating the lease? Some landlords are open to a longer-term lease with a smaller annual increase. Might save you a bit on the rent side.

Anonymous 1

Hey I am on Medial • 7m

Sounds like the store model is hitting its ceiling. You might need to think about online expansion, even if it means going small-scale on platforms like Instagram or building a basic e-commerce site to increase reach beyond the 20 km radius

Anonymous

Hey I am on Medial • 7m

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Anonymous

Hey I am on Medial • 7m

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Anonymous

Hey I am on Medial • 7m

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Anonymous

Hey I am on Medial • 7m

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