The retail real estate portfolio is no accident and is not incidental to the business. As a result, most retailers have a more sophisticated real estate capability than outside providers as a requisite business reality. Still, tasks must be executed and increasingly, the financial reporting and audit requirements require more resources.
The typical challenge facing retailers is the economic climate of departmental budget cuts; with the expectation that service delivery will be as good, if not better each quarter. Certain costs/internal tasks should be critically scrutinized to determine which are truly strategic toward supporting store operations and sales, and which can be outsourced. Task work is being outsourced at an aggressive rate.