Get rid of that stale, dead inventory, and plan your future purchasing through Gross Margin Formula! Have you ever asked yourself, "If business is so great, then why am I not making any money?" Maybe your accountant or tax return says you are making a profit, but it's not reflected in your bank account. This [...]
Calculate your Turn Rate and plan your inventory for the rest of the year! Are you asking yourself, "How Much Inventory Should I have on hand Right Now to Make My Sales Goals?" Well, to fix this problem, you need to know your Turn Rate! Your greatest source of increased cash flow comes from increasing [...]
So, you are open to public walk-in traffic or making plans to open your store. Have you thought through all of the aspects of your “new normal”? Here are some key things to put on your to-do list. After speaking with hundreds of retail stores across the country over the last month here is [...]
Fact: The coronavirus pandemic has drastically reduced the number of people coming into your store to shop. Whether it’s because you have intentionally limited customers allowed in your store at any given time or because folks are just skittish about spending lots of time out in public, foot traffic is down. Or you may not even [...]
