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Sustainable Cost Management in Retail

Author

Listed:
  • Radojko LUKIÆ

    (Faculty of Economics, University of Belgrade, Serbia)

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.

Suggested Citation

  • Radojko LUKIÆ, 2013. "Sustainable Cost Management in Retail," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(2), pages 268-280, May.
    • Handle: RePEc:rom:rmcimn:v:14:y:2013:i:2:p:268-280
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    File URL: https://rmci.ase.ro/no14vol2/08.pdf
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    References listed on IDEAS

    as
    1. Sorescu, Alina & Frambach, Ruud T. & Singh, Jagdip & Rangaswamy, Arvind & Bridges, Cheryl, 2011. "Innovations in Retail Business Models," Journal of Retailing, Elsevier, vol. 87(S1), pages 3-16.
    2. Humphrey, Jacquelyn E. & Lee, Darren D. & Shen, Yaokan, 2012. "Does it cost to be sustainable?," Journal of Corporate Finance, Elsevier, vol. 18(3), pages 626-639.
    3. David Wittstruck & Frank Teuteberg, 2012. "Understanding the Success Factors of Sustainable Supply Chain Management: Empirical Evidence from the Electrics and Electronics Industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 19(3), pages 141-158, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    revenue growth; cost reduction; risk reduction; green practices.;
    All these keywords.

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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