While leadership teams focus on margins and customer experience, the everyday costs of running the business; are quietly rising.
New research from CCS McLays and Retail Economics puts the true cost of “Goods Not For Resale” (GNFR) at close to £4bn across UK fashion retail.
Based on interviews with 100 senior leaders in procurement, finance and operations and analysis of the UK’s top 50 clothing and footwear retailers, the report reveals:
✔ Most retailers believe that there are £276m worth of savings to be made
✔ Why mid-sized businesses are most exposed
✔ The biggest barrier stopping retailers from minimising GNFR spend
✔ Four practical steps to unlock hidden value, and much more
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