Sustainable Cost Management in Retail

Radojko Lukiæ ()
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Radojko Lukiæ: Faculty of Economics, University of Belgrade, Serbia

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2013, vol. 14, issue 2, 268-280

Abstract: The considerable improvement of performance in retail companies is a result of applying the concept of sustainable development. In the context of this, sustainable cost management is particularly seen as crucial factor in business success of retailers. With the development of green practices and according to the results of empirical research global retailers made substantial cost savings and thereby improved operating and financial performance. Sustainable cost management in retail has special significance in the economic crisis. It is quite understandable because of the fact that cost reduction is a primary way for the retailers to achieve the target performance.

Keywords: revenue growth; cost reduction; risk reduction; green practices. (search for similar items in EconPapers)
JEL-codes: L81 Q50 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:14:y:2013:i:2:p:268-280

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