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    3. What's your biggest challenge in 2008?»

    What's your biggest challenge in 2008?

    Mike Kraus
    Sales & MarketingLegacy

    I was reading an online forum for the gift retailing industry and retail owners were discussing their big issues for the year.

    Among them:

    • Finding unique merchandise that isn't everywhere
    • Raising profits
    • Increasing security/decreasing inventory shrink

    THE REAL WORLD RETAILING TAKEAWAY
    Based on the comments posted to this blog and the emails that are sent to me, you've sounded off most about the following issues:

    • Employee entitlement
    • Developing managers who actually manage
    • Inventory management

    Are these your biggest challenges?  Or are there other issues that you'd like help solving?  Drop an email or post a comment and let's get the dialogue started about how to make your business better in 2008.

     

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    Profile: Mike Kraus

    Mike Kraus has a distinguished track record in general management, marketing, internet/e-commerce, and operations, with more than 15 years of experience in the retail, restaurant, and location-based entertainment sectors working for Fortune 500, startup and nonprofit companies such as The Walt Disney Company, Viacom, and PUREBEAUTY.

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