Retail Planning: Do NOT Make Resolutions Yet!

This time of year we’re flooded with posts about New Year resolutions. And don’t get me wrong – I absolutely believe in setting goals, and in writing them down. That’s surely a step that increases success. But right now I’m asking you to NOT make any New Year’s Resolutions.  Not yet. There is something else you must do first. Look … Read More

How Markdowns Save You Money

You can IMPROVE your margins by taking MARKDOWNS. Crazy! Quite a contradiction, right?  At first glance, it makes a lot of sense to take smaller markdowns, doesn’t it? By keeping markdowns smaller, you are protecting your profit margins. I bet you have stretched it to 50% off, but you didn’t go further because then you’re not getting back what you … Read More

Sell Your Duds Without a Discount!

sell your duds without a discount

Your day is just starting. Unlocking the door you walk into your dark, quiet store. You’re so used to your morning opening routine, that you don’t even have to think about what you are doing. You put your things in the back room, turn on the computer, put your float in the cash register, turn on the lights… And there … Read More

Retail Loss Prevention – Everything You Need to Know!

retail loss prevention

Shoplifting is an unfortunate reality of brick & mortar retail life, which is why retail loss prevention is so important. Because there are ways you can minimize opportunities of theft and improve your safety. We reached out to theft prevention officer Joe who gave us these helpful tips – that shoplifters everywhere DON’T want you to know –  to reduce … Read More