Adapting to the changing retail landscape is a constant challenge for business leadership, as they face competition in more ways and from more places than ever before. Today’s consumers are quickly shifting their shopping habits to allow them to buy whatever they want, whenever they want it, and from whichever platform they choose. At the same time, consumers are still demanding specialized products and personalized experiences.
By the end of 2018, more than 3,800 retail stores are expected to close according to an analysis by Business Insider. Despite these market forces, adaptable retailers see an opportunity to grab market share by investing in new technologies and better ways to deliver personalized access to their products. They are modernizing their businesses to include multiple channels for purchasing and integrating those platforms with brick-and-mortar locations.
As retail organizations re-invent their business models and experience performance fluctuations, many are turning to alternative financing structures such as asset-based lending to seize growth opportunities or support their companies through critical transitions. Asset-based lending’s emphasis on collateral value often provides more flexibility than traditional working capital financing, especially during transition periods or seasonal fluctuations.
A new white paper produced by Gibraltar Business Capital, “Asset-Based Lending Provides the Retail Industry an Opportunity to Get Ahead of the Curve,” explores how retailers of all kinds are utilizing alternative financing options to:
- Manage seasonal fluctuations
- Modernize and streamline sourcing processes
- Seize growth opportunities
- Reach customers on multiple platforms
Tapping into this non-traditional source of working capital is helping retailers of all kinds evolve and find success. To learn more, download the new white paper and find out how retailers are staying ahead of the curve.
Ready to speak with an expert? Contact our business development team today to benefit from their wealth of experience with the retail industry.