If you are running a retail store, here are things to consider in order to improve your retail store’s operations and bottom line
When you really dig in to the financial numbers of your business, there’s always a story to be told, sometimes a story that you hadn’t been aware of before. Learn why you need to review and analyze your financial numbers.
As we come to the end of the summer, independent retailers are increasingly focused on the last four months of the year. Many are looking for their sales to finally turn, while expecting the retail competition to be ferocious. Learn the 2 things independent retailers need to focus on.
If you have a passion, then plan carefully and execute your plan smartly, there’s no better time to get into the retail business.
As a small business, regular shoppers symbolize the well being of your store and keep you from going out of business. They can help to protect your retail shop from the takeover of the bulk retailers. Learn why good customer service should be a priority for your retail store.
Financial health requires a commitment to proven retail business fundamentals, a commitment to operational discipline, and a heightened attention to detail. Learn the core retail fundamentals that drive exceptional cash flow, for retailers of all sizes.
If you’re like most independent retailers, inventory represents your single largest investment. Carrying inventory not only ties up cash that could be held for other purposes, but also creates costs of its own. Learn some of the retail inventory carrying costs
Are you thinking about opening a store for business? Here are some things to consider if you are planning about opening a store.
Independent retailers are now finding it hard to carry inventory, only to mark it down later. Learn how to sell a sense of urgency in your retail store.
The greatest challenge independent retailers are struggling with right now, even more than depressed traffic counts, is getting full margins for their goods.