Name any three risks that aretailer has to bear
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1. Theft.
As we reported in By the Numbers, theft costs retailers 1.3 percent of their sales and can whittle away at your profit margin if you don't take steps to prevent it.
2. Data Breach
Whether it's an attack on your online store or your credit card processing system, a data breach could leave you with massive tech bills and thousands of frustrated customers.
3. Damage to inventory
A windstorm, tornado, or power outage could leave your store with a costly surplus of spoiled or damaged inventory.
4. Customer injury
Icy sidewalks and rainy days could lead to huge legal bills for your store if a customer slips and falls.
5. Competition from big box stores
Let's face it: being a retailer more difficult than ever. You're competing with big box retailers and billion-dollar ecommerce companies like Amazon. The wrong marketing strategy could mean your business goes belly up