310: Beyond The Classic Retail Business Model (part 1)

With thin margins and fierce competition, sticking to the classic business model might not be viable enough to ensure future success. The next wave of retail profits will likely come from innovative and disruptive business models that go beyond the traditional "buy and sell" approach to wholesale and retail. In this episode, we're exploring some of the most promising avenues that retailers should consider. Whether you're looking to integrate services, adopt a subscription model, or even launch your own brand, this episode will equip you with insights to stay ahead of the curve and redefine what success looks like in the future of retail. Listen to this podcast episode to:Discover what defines a new business model and why simply expanding your product line isn’t enough.Explore new revenue and value opportunities by moving up the supply chain, offering services, or implementing subscription models.Learn from live examples of retailers who have tried and tested these new business models. Show notes are at www.obandco.uk/310.