60-second Retail - podcast cover

60-second Retail

At BDO we know it takes time to stay up to speed on the rapidly changing Retail & Consumer Products industry. That’s why we’re doing the leg work for you in our new BDO podcast, 60-second Retail. We’ll keep you in-the-know on events and trends impacting your bottom line in just a few short minutes, so can spend your time where it counts most –running your retail business.
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Episodes

The New Retail Store Rationalization Strategy - Part 2: Restructuring the Footprint

In part 2 of our mini-series dedicated to the new retail store rationalization strategy, we focus on another trend that is picking up steam – the movement out of the traditional mall and into free-standing or strip mall locations. Why is this change underway? And are there any unique use cases for these smaller spaces? Tune into this episode of our 60-second Retail podcast to hear David Berliner, Partner & National Leader of Business Restructuring at BDO USA, explain why retailers are restru...

Aug 28, 20235 minSeason 1Ep. 144

The New Retail Store Rationalization Strategy – Part 1: The Evolution of the Retail Lease

In part 1 of our mini-series dedicated to the new retail store rationalization strategy, we explore how the retail lease has been shaped by variables such as the pandemic, shifting consumer behaviors and economic whirlwinds. What did leases look like pre-pandemic and how does that compare to now? What important areas should retailers focus on when negotiating the restructure of a lease? Tune in to this episode of 60-second Retail to hear Ross Forman, Managing Director in the Workplace Operations...

Aug 21, 20235 minSeason 1Ep. 143

eCommerce Pure Plays go from Digital Only to IRL

Why are eCommerce retailers opening physical stores at a time when most other retailers are looking to shrink their footprint? What benefits come with pushing the business “in real life” for these formerly eCommerce pure play retailers? Listen in to this episode to hear David Berliner, Partner & National Leader of Business Restructuring at BDO USA, explain the strategy at play behind this seemingly risky move.

Aug 07, 20234 minSeason 1Ep. 142

Is Social Media the New Source of Inspiration for Product Design?

Is social media a viable platform for retailers to source product design inspiration? Are there any hurdles for retailers looking to implement this real-time feedback to product design? Listen to this episode as Paige Lustbader, Audit Director in the Retail & Consumer Products industry group at BDO USA, explains some of the more interesting ways retailers have been using social platforms as of late.

Jul 31, 20234 minSeason 1Ep. 141

Dollar Stores Give High-end Retailers a Run for Their Money

Dollar stores seem to be the up-and-coming way to get a good deal on products, with social media influencers and real-life TV stars touting deals. Why is this shift in spending happening? Dollars stores are also opening a large number of new stores when other retailers are scaling back. Is this a viable growth strategy given market conditions? Tune into this episode to find out why David Berliner, Partner & National Leader of Business Restructuring at BDO USA thinks this is happening and if ...

Jul 24, 20235 minSeason 1Ep. 140

Does Downsizing Staff Impact the Customer Experience (CX)?

Can you downsize your retail staff without negatively impacting the customer experience? Does downsizing effect the consumer’s desire for hyper-personalization? Tune into this episode to find out what Ross Forman, Managing Director in the Workplace Operations & Strategy Group at BDO USA thinks you should consider before you downsize staff.

Jul 17, 20236 minSeason 1Ep. 139

Increased Minimum Wage Impacts a Retailer's Need for Technology

How does the recent increase of minimum wages seen in states recently impact a retailers need for technology? If a retailer is decreasing headcount and increasing the use of technology, are there trade-offs? And does the consumer care if a retailer is more heavily reliant on technology in-store? Tune into this episode to find out how Ross Forman, Managing Director in the Workplace Operations & Strategy Group at BDO USA thinks increased wages will play out across the industry.

Jul 10, 20236 minSeason 1Ep. 138

Critical Components to a Retailer's ESG Strategy & Complying with New Laws: A UFLPA Update

The next generation of consumers is hyper focused on ESG efforts and ensuring the companies they buy from are too. So much so, this generation is both backing it up with their wallet and driving legislation changes. What are the critical components to a successful retail ESG strategy? How does the UFLPA effect a retailer's ability to attract and retain the next generation of consumers? Listen to this episode to hear James Fountain, Senior Director, Sustainability and ESG Solutions at BDO USA, wa...

Jun 26, 20238 minSeason 1Ep. 137

Retail Theft - Part 2: Recovery and Insurance Tips

In this episode, the second in our two-part mini-series dedicated to retail theft, we are joined by Drew Olson, Partner in Forensic Insurance & Recovery at BDO USA, to help us understand what retailers need to do after a theft has occurred and give us some advice around insurance recovery.

Jun 19, 20238 minSeason 1Ep. 136

Retail Theft - Part 1: Technology's Role in Prevention

In this two-part mini-series dedicated to retail theft, we explore how to both prevent and respond to an incident when it occurs. While technological advancements at the check-out seem to be enabling theft, can technology also play a role in loss prevention? In this episode, we are joined by Jared Crafton, Principal of the Forensic Technology Practice at BDO USA, to talk about what retailers can do to help prevent theft.

Jun 12, 20235 minSeason 1Ep. 135

Elastic Websites Drive Time on Site

What is an elastic website? What are the benefits of migrating over to technologies that enable this? And where do retailers even start if they are looking to employ this technology? Find out in this episode where we are joined by Robert Brown, National Digital Leader for Retail and Consumer Products at BDO USA, who walks us through why an elastic website should be on your list of priorities when it comes to digital innovation.

Jun 02, 20236 minSeason 1Ep. 134
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