One thing that store owners get frustrated with is feeling like retail should be a little easier. And you are not crazy….it is easier for some store owners. They learned something you might not have…yet! There is something that you were never taught. I learned it the hard way. When my sister and I opened our store, we were wildly … Read More
Don’t Ignore Turn (I know YOU don’t!) Part 2
Be sure to read Part 1, So Much Profit Hidden in this One Word, first and then come back here! Another true story about why you Don’t Ignore Turn In June I met with a client who was frustrated by his lack of cash flow. We identified one of the problems: His turn was too low. By digging deeper, we … Read More
So Much Profit Hidden In This One Word
There Is So Much Profit Hidden In This One Word. The following is a true story. The names have been changed to protect the innocent idiot. Pat owned a toy and children’s clothing store. After a great year in which she was up about $42,000 from the previous year while maintaining the same expense structure, Pat was looking forward to … Read More
Thrillers, Fillers and Spillers.
Thrillers, Fillers and Spillers. Ideas To Reduce Markdowns That Deserve Your Undivided Attention – Right Now Before Your Sales Start! Gardening really isn’t my thing. How about you? Don’t get me wrong, I LOVE being surrounded by the beauty that flowers provide. You also know that I love numbers and processes. I was ecstatic to learn that there was a … Read More
Got Some Lazy Items In Your Store?
Jean said – “Your Killer Clearance Sale has worked like magic for us! My team loves it. We have moved so much inventory and made lots of money from it.” “That’s great Jean. I am so happy to hear that!” I replied. “But Cathy I have another problem. What can I do RIGHT NOW about merchandise that has already run … Read More