Richard Lim

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Last quote by Richard Lim

About 15pc of retail spending is occurring online now. High street retailers' real growth area is online, so they are looking at whether they need so many stores and in many cases they are cutting back. A lot of retailers have stripped out so much from their operating cost base - with rises like the National Living Wage and the pinch in labour costs, they have to rationalise, cutting back on the number of staff and introducing new technology.feedback
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Oct 02 2017
Find all of Richard Lim’s quotes that have been published in 9 different articles on this page. Richard Lim’s quotes are organized by date and topic, making it easy for you to compare, for example, what Richard Lim has said both recently, and in the past, on a variety of topics. Some of the topics Richard Lim likes to comment on include unemployment, inflation and wage growth. Most recently, Richard Lim said, “They replace some of the roles of shop floor workers. In the food industry that might have come in the role of self-service tills. As the cost of operating a retail business continues to rise, they will look at implementing other technological innovations to strip back costs even further.”.
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