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Like most sectors of the economy, the retail industry is vigorously stirred by COVID-19, particularly retailers focused on non-essential goods and services with the lengthy closure of nearly all physical stores, notable layoffs, and a dramatic fall in demand, even for those with an online presence. Even after reopening, retailers face significant challenges such as restoring customer confidence, finding a balance between Omni-channels, and continuous cash flows to pay their expenses. With this research project at StudioRx, we will be researching how to solve these business problems retail and commercial real estate industry faces and come up with recommendations on reinventing business models and strategies. Doing so will help small and medium Canadian retailers to recover and use this research to re-model their business model and adapt new strategies to stay competitive and running. This project will also help StudioRx gain public visibility and reach more clients and grow its consulting business.
Ehsan Derayati
StudioRx
Business
Professional, scientific and technical services
Concordia University
Business Strategy Internship
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