Retail Turnaround Experts
  • Home
  • Expert Perspectives (Blog)
  • Three Stages of Retailers in Decline
  • Turnaround Experts
    • Who Are They?
    • How Do They Work?
    • When to Call Them
    • Bios | Credentials
  • About Their Work
    • Some Recent Clients
    • Projects by Client Type, Size, Location, etc >
      • Crisis Management | Turnaround
      • Assessments | Action Plans
      • Financial Restructuring
      • Growth Management
      • Owner Issues | Transition Management
    • What Might It Cost?
  • Tips | Tactics | Resources
    • Four Stages of Retail Turnarounds
    • Top 5 Reasons Why Retailers Fail
    • Retailers: How to Cope with a Cash Crunch
  • Contact Us

In Pursuit of That Wily Perspective

1/3/2022

 
Picture
Keeping Perspective
Is there a more difficult everyday challenge?

As owners of businesses, we've got all of the issues of the times right on our plates. Think about it:
  • Every family has ups and downs. In fact, every person does.

  • And it seems that all of our constituencies – family, friends, neighbors, customers, employees, landlords, lenders, vendors – look to us for answers, for leadership. "Well, after all, you are the owner!"

  • Meanwhile, the covid turbulence has magnified the fact that there's really no how-to manual for dealing with a wily once-in-a-century pandemic.
    ​
Is there a more difficult every day challenge than maintaining perspective? We don't think so.

Amidst all this, we were struck by a tweet* that was posted mid-afternoon New Years Eve:
  • This saying, from the Black church…

    “Lord, we ain't what we oughta be. We ain't what we want to be. We ain't what we gonna be. But, thank God, we ain't what we was."

Indeed, as 2022 begins, most retailers can say "we ain't what we was."  We're better now!

Want proof? Take a look at the Key Retail Benchmarks** on The ROI site. Just look at the trend charts for each ratio.

While there are exceptions, we believe that these latest Benchmark numbers show the most extensive and significant financial improvement since we have been tracking these numbers for you. 

More important, get perspective for yourself. Calculate your own ratios, and compare to your own last year. And the year before. 

Very likely you too can say...
  • “Lord, we ain't what we oughta be. We ain't what we want to be. We ain't what we gonna be. But, thank God, we ain't what we was."

Yep, we're better now. Ahh, perspective. Onward to 2022!

---
* @MaraGay, New York Times editorial board. Dec 31, 2021, 3:08pm

** Key Retail Benchmarks, Five Year Trend Charts
​
©Outcalt & Johnson: Retail Strategists, LLC and The Retail Owners Institute®

Comments are closed.

    The Perspective of Retail Experts

    All
    Culture
    Financial Strength
    General
    Inventory Management
    Leadership
    Owner's Responsibilities
    Pandemic
    Perspective
    Retail Growth
    Retail Projections
    Strategic Opportunities
    The Economy

Objectivity. Choices. And Action! 
Have questions? ​Let's talk. ​Give us a call.
Contact Us NOW - Here's how
©Copyright, Retail Turnaround Experts and Outcalt & Johnson: Retail Strategists, LLC.