Brick-and-Mortar Retail
Traditional physical retail stores that offer products and services to customers through in-person shopping experiences.
Business Characteristics
- Physical storefront
- In-store customer service
- Visual merchandising
- Inventory management
- Point-of-sale systems
- Store operations
- Local marketing
Business Challenges
Rising costs
Impact: Increasing rent and operational expenses
E-commerce competition
Impact: Pressure from online retailers
Changing consumer behavior
Impact: Need to adapt to new shopping patterns
Growth Opportunities
- Experiential retail
- Omnichannel integration
- Local community engagement
- Personalized services
- Sustainability initiatives
Available Grants
Core Capabilities Grant
Relevance:
Develop expertise in modern retail operations.
Transformation Potential:
Implement comprehensive training in retail management.
Up to 70% Funding Support
Innovation & Productivity Grant
Relevance:
Adopt advanced retail technologies.
Transformation Potential:
Implement AI-powered retail systems.
Up to 70% Funding Support
Market Access Grant
Relevance:
Expand services through digital platforms.
Transformation Potential:
Develop online retail tools.
Up to 70% Funding Support