About the author

Graham Lack

Graham Lack

Graham Lack has over 35 years retail experience in senior management roles at Luxottica and Suzanne Grae. He has had management roles in Retail Operations, Finance, IT, Marketing, Merchandise Planning and Logistics. He holds a B.Sc and MBA.

Articles

Balance sheet & calculator

GMROI: The sacrificial lamb of retail

Despite many retailers knowing what GMROI stands for, its calculation and interpretation are not well known at all.

business strategy5

Apocryphal Now: Don’t let the facts get in the way of a good story

Before embarking on the search for the holy grail, retailers should focus on the things that matter most.

clothes, fashion, shoppinng, womenswear

Allocations – black art or science?

Dismiss sizing and allocating as simple exercises at your own peril.

register, money, price, spending, til, POS

Exposing the cost of lost sales

You might be shocked at how much lost sales are costing your business.

AikoChihira-robot

Artificial intelligence in retail

You don’t need much AI to work out that different climates means different jackets.

business strategy 4

On being an entrepreneur

We’ve all had new ideas at work, but does that make us entrepreneurs?

digital, shop, online, future, omni-channel, multi-channel, online

The real power of omnichannel retailing

Most retailers in this day and age are probably at best multi-channel entities.

Sale-sign-window-manequins

Apparel retailing – where to from here?

Part two: Maybe retailers are the rats and the customers have conditioned us.

sales, clothes, fashion

Apparel retailing – where to from here?

The source of fashion retailing woes can actually be tracked back to the early 1980’s.

business strategy 5

Keeping the main thing, the main thing

So what exactly has the internet changed if not our fundamental consumer behaviour?

Twitter

There are other issues besides short expiry dates. https://t.co/FdLSmGaqJy

1 day ago

Global car brands are looking to reach new heights by broadening their appeal and offering to local consumers. https://t.co/nSdhCC2TwG

1 day ago

The current cycle of formulaic trend to factory source will not survive the next decade without massive casualties. https://t.co/1psoyHtFKD

2 days ago
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