Why comparing last years sales and margin is NOT effective in evaluating the success of your store! How do you measure the success of your retail business? For many retailers success means an increase in sales over the previous year… Or higher sales margins… Well I hate to burst your bubble – but if those […]
Tag Archives: inventory management
Every single retailer I have ever chatted with has overbought inventory at one point or another. This is a fact of life. What do you do when you have too much inventory? There are three main strategies to reduce your excess inventory as a retailer. There’s a fast strategy—most commonly associated with an inventory blowout—or […]