The impact of AI on consumer behavior, and more broadly on the entire retail sector, will have profound short and long-term consequences for the entire industry.
AI will offer both practical and strategic challenges, and how individual organizations respond to these “opportunities” will ultimately distinguish between the winners and losers. Success will be enhanced through value-added strategic partnerships/mergers, the use of outsourced specialists, a focus on core competencies/expertise and an organizational culture that is willing to embrace the “change constant” that will be driven by new and emerging technologies.
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Industry leaders are demonstrating a fearlessness toward “right sizing” the organizational structure, reassessing unproductive business practices, removing unprofitable and non-core businesses, reducing debt and making necessary people changes in a merciless pursuit of improving profitability.
Carl Marks Advisors is adept at addressing the challenges faced by companies struggling to manage these challenges. Drawing upon our deep industry expertise, our experienced professionals work collaboratively with management to deliver tailored solutions that drive growth, operational efficiencies, strategic insights and customer retention across the end-to-end value chain.
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In-Court Restructuring and Sale of a Stationary Gift & Retailer
