Orgersc.com Review 5 Reasons Why Orgersc Online Store is Risky {Exposed}

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5 Reasons Why RadioShack Went out of Business

In February 2020, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in brick-and-mortar locations only.

By 2020 to 2020, the company had a high sales concentration coming from cellphones, which account for over 50% of the total sales and generated poor profit margins. The company frequently changed its management and direction for the turnaround. The company made a financial mistake by taking a loan from Salus Capital in 2020 that required the lender to close more than 200 stores a year.

Store Concentration

In 2020, RadioShack operated about 4,300 stores in North America. However, there were many stores that were located too close to each other. For example, there were 25 stores near Sacramento, California, located within a 25-mile radius, and seven stores within five miles around Brooklawn, New Jersey. With so many stores within close proximity to each other, RadioShack experienced a significant drop in profitability and inventory problems as the store traffic dried up. It became very costly to maintain so many stores with sometimes insufficient inventory in one area.

Online Competition

Relying solely on its brick-and-mortar sales network, RadioShack began experiencing significant profitability and sales pressure, as consumers were buying electronics parts and other gadgets from online retailers such as Amazon and eBay. For many consumers, RadioShack became irrelevant; any electronics part could be purchased cheaper with a click of a button and delivered anywhere within the United States. Moreover, consumers made numerous complaints that RadioShack lacked certain inventory, making it even less likely that shoppers would come back.

Product Concentration

In the early 2000s, the company made a strategic shift towards selling cell phones and accessories that proved to be lucrative for some time. By 2020, cellphones alone accounted for about 50% of the company’s total sales, making it a very risky proposition of a high product concentration. Things began changing rapidly after the introduction of the iPhone in 2007. As the selling channels for cellphones began shifting towards buying phones through wireless operators, many carriers substantially reduced payments to RadioShack and similar resellers to mitigate the rising cost of subsidizing iPhones. As a result, RadioShack’s profit margins and sales deteriorated significantly, precipitating the company’s bankruptcy.

Management Problems

The constantly changing management did not help the company’s efforts to turn itself around. From 2005 to 2020, the company changed its chief executive officers seven times. Joseph Magnacca joined RadioShack in 2020 as its CEO to speed up the turnaround. The company set a goal of restoring profitability by 2020 with a significant store, and product revamps changes in compensation structure, and aggressive marketing campaigns. However, as Magnacca’s effort started rolling out, the results got worse due to rising costs, constantly shifting management orders on short notice, and confusing commission structures. The workers’ morale and the company’s profits slipped even further.

Financial Missteps

Because RadioShack experienced negative earnings since 2020, the company needed significant capital infusions to stay solvent. In October 2020, RadioShack was able to obtain a $585 million line of credit from GE Capital and the $250 million term loan from Salus. The $250 million term loan came with the condition that RadioShack could not close more than 200 stores per year without Salus’ consent.

As the RadioShack’s cash burn accelerated in 2020, the company attempted to close over a quarter of its stores to stop the cash outflows; however, Salus thwarted the closure efforts due to a lack of confidence that the company’s business plan would succeed. This accelerated the bankruptcy filing due to lackluster 2020 holiday season sales and continuing cash burn.

5 reasons why you should use Shopify for your retail business

How you can use Shopify to build your ecommerce business

When it comes to building websites for your business with so many options to choose from, sometimes it’s so overwhelming that you are tempted to just purchase from the first website you go to.

You should buy your website from Shopify as this is the easiest, cheapest and most convenient way for a business to set up a store and start selling their products and services online straight away.

If you’re not tech savvy and you want your own e-commerce store, and have outgrown marketplaces like eBay or Amazon, and just starting out, go with Shopify.

Last month, the leading multi-channel commerce platform, Shopify announced in a press release that it now powers more than 500,000 businesses in 175 countries around the world. Since 2020, the number of merchants on the Shopify platform has grown annually at an average rate of 74%, and these retailers have achieved over $40 billion dollars in sales. More than 1.2 million people are actively using the Shopify backend platform.

Another surprising fact is that more women entrepreneurs than men have built their businesses on Shopify at 52% and 47% with 1% other. Shopify merchants: 18 – 24 (7.3%); 25 – 34 (37.5%); 35 – 44 (30.0%); 45+ (24.9%). A whopping 131 million people have bought from Shopify stores in the last 12 months with Shopify merchants generated sales of over $100,000 per minute during Black Friday and Cyber Monday of last year.

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Here are five reasons on why you should buy Shopify websites for your company:

1: Big brands are using Shopify

If it’s good enough for well-known brands, then it’s definitely good enough for your e-commerce website. Names such as Lollapalooza, Third eye blind, and American Blues musician Jimmie Vaughan also sells his merchandise on his Shopify website. SMS Audio, Bohemian Guitars and Leather Head sports also use Spotify making this is a good reason in itself to buy Shopify sites to help boost your e-commerce traffic.

Shopify is also used by brands such as Tesla, Nestle, GE, Red Bull, Kylie Cosmetics.

2: You don’t have to worry about server costs

Many businesses are put off by server prices, so luckily Shopify’s server is maintained by them, and it comes with a number of plans and a monthly subscription, so you choose the plan which fits your requirements. Shopify is free for 14 days, so you can set up your online store and choose a plan later. Prices range from $29 to $299 a month.

3: Discounts are offered on annual plans

Not everyone is a fan of monthly payment plans, which is why Shopify also provides discounts on annual plans and biennial plans. If you prefer annual payments, you will receive a 10% discount, and if you prefer biennial plans, your company will receive a 20% discount.

4: Shopify has great app integrations with SaaS services

Shopify is popular with SaaS service companies because their customers are familiar with monthly plans.

That’s why you’ll most probably always find whatever innovative new service you need on Shopify first before anywhere else, and some of them offer excellent free plans. Conversely, SaaS companies also aren’t keen on e-commerce competitor platforms like woo commerce or open cart because the people who use them don’t pay monthly subscription fees. So a lot of really convenient services are not integrated on these platforms.

App integration will save you time, money, reduce errors, give your apps better data insights, make them cheaper and uncomplicated and easier to customise.

An article on the Shopify website says that “The Shopify experience is perfect for their customers: they can browse the website and find different items, choose their shipping method and payment method easily and without hassle.” A Shopify user, a non-profit church ministry, uses the app with Salesforce, their main CRM tool. The problem is that the church needed to collect all that valuable data and then manually input it into the Salesforce platform and with now with powerful, integration, they managed to automate the whole process. Whenever a sale goes through in Shopify, a new opportunity is created in Salesforce. This process saves the company time and money which is ideal for a not for profit.”

5: Security & Reliability

Shopify is a global hosted service, meaning they have people monitoring their network 24/7 for any attacks and they can help you deal with any problems that arise. Also, their add-ons have a certain standard and will not pose the risk of giving you trojans or viruses. You can also opt for SSL or even PCI compliance to accept credit cards and store sensitive information without having to know the technical details of how it works. Other sources do offer this as well. However, they can’t offer you this level of security and reliability for the same price. Other companies will charge you more.

What’s new at Shopify?

With the Amazon sales channel, you can sell on the world’s largest online marketplace simply and conveniently through Shopify. Since the channel’s launch, U.S. Shopify store owners have made millions in sales and fulfilled tens of thousands of Amazon orders with Shopify, making it one of the fastest growing sales channels.

A new card and swipe reader has also recently been introduced in the US Shopify merchants last month. This device is designed to meet the needs of merchants selling in person, whether it’s in store, or at a pop-up, festival, or market. It’s Pocket-sized, and wireless features with a long battery life makes this the perfect machine to take wherever you sell from. This product is free for store owners new to Shopify POS (and $29 for everyone else), it’s an affordable solution with useful features.

Share your Shopify experiences with us and let us know your thoughts?

By Expert commentator

This is a post we’ve invited from a digital marketing specialist who has agreed to share their expertise, opinions and case studies. Their details are given at the end of the article.

Turbocharge your results with this toolkit containing 13 resources

5 reasons why retailers should embrace BOPIS

Photo by iStock.com

By Georgianna Oliver, founder, Package Concierge

The back to school shopping season drives over $27 billion in retail sales, according to a Deloitte report. And while the online channel continues to grow, consumers are exploring new ways to make shopping even more convenient. Research shows the Buy Online Pickup In-Store (BOPIS) option is responsible for nearly 30 percent of online retail revenue. That’s why retailers need to maximize this movement to propel back-to-school sales .

The popularity of BOPIS is a perfect way for retailers to marry the best of both the online and in-store experiences to engage with customers, and the right BOPIS fulfillment system can make the difference between success and setback. Amazon has a reported 2,000+ digital lockers and it is estimated that by the end of this year, 40 percent of the U.S. population will have access to a Walmart pick-up locker.

Here are five areas for retailers to focus on when it comes to BOPIS:

1. Convenience is king: In our world where instant gratification tops all else, today’s consumers expect a new kind of convenience when shopping, so progressive omnichannel retailers must adopt BOPIS to accommodate changing demands. A recent study shows two-thirds of shoppers say multiple fulfillment options influence their willingness to complete a purchase.

2. Cost cutting: BOPIS allows consumers (and retailers) to save shipping fees, while also expediting last mile fulfillment. Avoiding shipping fees was listed as the top reason customers like BOPIS, so it’s critical for retailers to offer a frictionless customer experience that also helps them save money.

3. Vision quest: Retailers need to ensure customers can view store-level inventory when making an item selection. Shoppers today want their merchandise ASAP, and they’ll likely only consider items that are in-stock and ready for pickup, otherwise they’ll go to another retailer to find it.

4. Don’t forget fulfillment: BOPIS doesn’t work if retailers don’t have a clearly stated fulfillment promise that they can consistently deliver on. Many retailers are meeting the expectation of availability within two hours for items in stock. Retailers must make their BOPIS process convenient AND quick. BOPIS falls short if consumers experience friction with fulfillment — standing in line to retrieve an order is a satisfaction killer.

5. Lock it up: Simple and secure fulfillment can ensure a positive BOPIS experience for consumers and retailers. During the busy back to school season, it’s crucial that retailers capitalize on the increased traffic by providing shoppers with a seamless and pleasant transaction process. Research shows nearly 80 percent of BOPIS shoppers will make an additional purchase while at the store, and a happy customer buys more.

Is it risky to invest in the stock market?

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Currently less than 2% of India’s population invest in stock market. So, the point is obvious that it is risky, or else I would expect everyone to jump in it if it gives risk-free better returns than bank FDs.

  • But the question is how risky??

Let us get to pure mathematics and do some data crunching.

There are 5828 stocks listed in BSE. And if you talk about last one year returns:

  • 455 stocks gave more than 100% returns ( 7.8% ).
  • 921 stocks gave more than 50% returns (15.8% ).
  • 1774 stocks gave positive returns (30.44%).
  • So, one year back if you had randomly picked a stock , there would be only 30% c.

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