The retail sector’s stability since the Brexit vote has been somewhat unsteady. Despite recent reports suggesting increased sales due to buyer confidence rising, the news that Marks and Spencer’s profits are down and as a result it is to close 30 clothing shops in the UK sent ripples through the industry.
Midland Pallet Trucks, one of the country’s most established providers of warehouse equipment such as hand pallet trucks, lift platforms and manual stacker trucks, has offered retail businesses advice on how to optimise their offering to ensure they survive the bumpy road ahead.
Minimising cost is the main goal businesses should be driving towards – particularly during times of uncertainty. There are numerous avenues businesses can go down to do this but balancing out cost by maximising efficiency is the most effective way.
Phil Chesworth, Managing Director at Midland Pallet Trucks, said, “Businesses can optimise their offering by making a few small changes. Investing in efficient equipment and solid infrastructure is key to this and can transform businesses as it helps to minimise employee downtime, and as a result, maximise efficiency by reducing cost in the long run.”
Quality equipment and infrastructure for retailers comes in many forms. From substantial warehouses that keep stock clean, dry and organised to safety equipment in order to ensure workers safe, investing at the start in equipment that will last makes sure that money is not wasted replacing broken apparatus or due to employee injury.
Businesses can also cut down on wasted outgoings by making sure processes are streamlined. And a great way of doing this is by reducing the amount of strain on workers in order to speed up their daily duties, whether it be lifting stock or moving it from one area to another. By creating a strong, durable and resilient fleet of equipment, businesses can speed up worker procedures and guarantee smoother day to day dealings, and in return, increase profit margins.
Midland Pallet Trucks stocks a wide range of robust equipment ideal for use in a range of retail settings, whether warehouses and stock rooms are small or large.