American Eagle Outfitters is considering shutting close to 100 stores in the next two years in response to pressures to reduceoverheadcosts and given the difficulty the retailer is having.
This update in earlier software has 300 new features that are said to reduce risk, slash costs by up to 50%, reduce administrative overhead by up to 80% and lower aggregate support costs by up to 35%.
Complementing the steps they take on the revenue side, the leaders will also reducecosts by making claims management more efficient and cutting administrative overhead.
He said the top three factors to improving front-line services while delivering savings are to strip out duplicated layers of management, reduce debt repayments to the banks and drive down accommodation costs and overhead.