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LEADERSHIP CHALLENGE Few would disagree that running a retail


business is one of the most demanding business challenges an individual could make. Add to it rising labour rates and the uncertainty of


Brexit, and it’s even harder. Regardless of the circumstances, successful retailers know that rigorous cost management and discipline


drive operational efficiencies that help fuel profitability.


By Stephen Bergeron, vice president of global marketing at APG Cash Drawer T


o identify the areas where a business can save money, the leadership needs to have a clear picture of what is happening on the shop floor day in and day out. Even CFOs in retail are heavily involved in strategic


decisions and operations, therefore they usually push for a higher level of data. But the sheer volume of transactions in a retail environment is a constant challenge and they usually don’t have the luxury of real- time visibility across their operations.


CASH IS HERE TO STAY Research shows cash accounts for roughly 48% of all payment transactions in the UK and it is used as often as the second most popular payment method, debit cards (PYMTS Global Cash Index Report 2016). But the average value of cash transactions is lower than most


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