60-second Retail

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 t...

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.

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 d...

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...

The difference between the customer journey and the customer experience (CX) is extremely important to understand. Of equal importance, is being able to tie the two together. How do retailers accomplish this? And what value can be unlocked by doing so? Tune into this episode where Robert Brown, National Digital Leader for Retail and Consumer Products at BDO USA, answers these important questions.

What is a dynamic shopping experience? Why is implementing this so important for retailers? And what is the value proposition in creating these experiences for consumers? Tune into this episode where we are once again joined by Robert Brown, National Digital Leader for Retail and Consumer Products at BDO USA, who explains how the advancements in technology are leading to better data collection and...

What exactly is an NFT? And how can they be leveraged to improve a company's digital presence and build relationships with consumers? Tune into this episode to hear Robert Brown, National Digital Leader for Retail and Consumer Products at BDO USA, explain the value proposition of NFTs for retailers looking to take their brand virtual.

Now that the Metaverse has been around for a bit, have brands changed the way they are leveraging this important platform? Are there any lessons to be learned from retailers who have activated in the virtual world? In this episode we are joined by Robert Brown, National Digital Leader for Retail and Consumer Products at BDO USA, to discuss just how rapidly the virtual world is evolving and the tre...

Headlines as of late are reporting mass talent shortages across a variety of industries. But is there a talent shortage happening in the retail industry? How can retailers circumvent the negative impacts this issue may bring? Tune into this episode where Ross Forman, Managing Director in the Workplace Operations & Strategy Group at BDO USA, speaks with us about this very important topic.

Resale has been steadily gaining momentum in some unusual categories. In this episode we dive into some of the staggering growth statistics we've been tracking over the last few years, delve into why consumers are shifting their spending to the resale market, and discuss some ways retailers can win back the consumer's attention and wallet.

We’re seeing a shift in the types of clothes that consumers are purchasing as of late, with more business attire flying off the shelves at a lot of retailers. But business attire doesn't look quite the same as it did pre-pandemic. Could there be a new business attire category on the market? Tune into this episode where James McNamara, Partner in Core Tax Services at BDO USA, speaks with us about o...

How does 2023 compare to 2022 when it comes to retail bankruptcy filings and store closures? Are certain segments in a better position than others? What will the impact of excess inventory be on the financial outlook for the rest of the year? Tune into this episode to hear what David Berliner, Partner & National Leader of Business Restructuring at BDO USA, thinks is in store for the industry a...

BNPL is great for consumers and has taken off in recent years, but is it viable for retailers? What economic factors and risks need to be taken into consideration when determining whether to offer it as a payment option? In this episode we examine why BNPL has become so popular with consumers, and discuss the growing risks retailers are taking on in today's economy in order to spur big ticket item...

Are retailers across the globe facing the same challenges as we are stateside? What do we stand to learn from retailers in the UK, who may be taking a different strategy to address shared issues? Are there potential hurdles on the horizon our counterparts have a head start on overcoming? Listen in to the very first episode of 60-second Retail - International Edition, where we are joined by Laura M...

What retail sector is speeding ahead in the digital innovation race and how are they doing this? What can you borrow from these digital gurus to strengthen your own digital transformation strategy? Tune in to this episode of our 60-second Retail podcast, as Robert Brown, National Digital Leader for Retail and Consumer Products at BDO USA, discusses some of the more interesting findings from the 20...

How are Retail CFOs planning to deal with the fallout from supply chain strains that have left them at times with not enough inventory, and at other times too much? What vulnerabilities can be negated simply by going back to the basics with your supply chain strategy? In this episode of our 60-second Retail podcast, Ted Vaughan, Assurance Managing Partner and Retail and Consumer Products Leader of...

Why are retailers planning to take on debt even in the face of a potential recession? Who are the most vulnerable retailers as the economic volatility continues? How can retailers build resiliency in the year ahead? In this episode of our 60-second Retail podcast, David Berliner, Partner & National Leader of Business Restructuring at BDO USA, talks about some of the 2023 Retail CFO Outlook Sur...

The U.S. college enrollment fell for the 3rd consecutive year since the pandemic, and there has been a drop in high school graduation in many states. How does this "backlash against education" impact the retail industry? Can retailers turn this into an opportunity to attract talent? Tune in to hear why Ross Forman, Managing Director in the Workplace Operations & Strategy Group at BDO USA, is k...

With the retail partnership space rapidly evolving, there's a new hybrid format that’s taking off. Big box retailers are renting out retail space in their stores to small businesses. Is this a good strategy for retailers to consider when looking for new ways to expand business? What benefits does it bring to the consumer? Tune into this episode where Ross Forman, Managing Director in the Workplace...

Why has the retail industry seen so many corporate job cuts over the last few months? How does this move reconcile with the need to create an employee experience that keeps them happy, engaged and invested in the company? Listen in to this episode to hear what Ross Forman, Managing Director in the Workplace Operations & Strategy Group at BDO USA, thinks is going on, and what retailers need to...

With shipping charges decreasing on the international front, and last-mile delivery companies announcing poor performance predictions on the domestic front, what's really going on with the retail supply chain? In this episode we are joined by R.J. Romano, Managing Director, Business Advisory Services & Supply Chain Advisory Practice Leader at BDO USA, who helps us sort through all the mixed si...

How can retailers use extra inventory to lower their total taxable income? What tax benefits might there be for a retailer who chooses to donate excess inventory? Tune into this episode where James McNamara, Partner in Core Tax Services at BDO USA, lays out some considerations for retailers when determining the best way to manage excess inventory.

Now that the Inflation Reduction Act (IRA) has been rolled out with a new book minimum tax in place, are there any implications that retailers need to be aware of? Tune into this episode to hear why John Marquardt, Central Tax Regional Managing Partner at BDO USA thinks this is a very unusual move for the IRS to make.

Are consumers so programmed to see price increases that another uptick in shrinkflation doesn’t even matter? Can retailers double down with increased prices AND product modifications? Tune into this episode where Ted Vaughan, Partner and Southwest Regional Retail Leader at BDO USA, gives us his thoughts on how retailers can best navigate the impacts of shrinkflation.

Many retailers have been testing a variety of pre-holiday sales formats well in advance of the typical holiday shopping season - including Amazon, Target and Walmart. Were any of these retailers able to spur consumer spending ahead of time? Tune into this episode where we examine whether the pre-holiday sales were a strategic success or a bust.