No word is more important to retailers than Margins. It is crucial to building a profitable business. However, this most critical term is also the most misunderstood. What is Gross Margin? Margin refers to the retail term Maintained Markup (MMU) which is the same as the general accounting term Gross Margin. It is the difference between sales and cost of … Read More
Does Your Team Have Those Winter Blahs – It’s Your Fault – Want To Fix It?
The difference between a wildly successful season and a good or bad one almost always comes down to one element. The difference won’t be the economy, the political landscape, what the competition does, or how you do your windows. The difference will be you. There is an intangible vibe that separates a winning season – and a winning store – … Read More
BRRR! How can I keep sales UP while the temps DROP?
Well, the pots and pans are put away and the new year is already started! Our kids always invite their friends to sleep over and share in the fun. We have a tradition of banging pots and pans to ‘ring’ in the new year. It’s loud and fun…and loud! AND IT IS FREEZING in most places! What is the temp … Read More
Ho Ho Ho – The Secret Translation
What! Ho Ho Ho has a secret translation? We can all picture Santa Claus leaning back with hands on his belly while saying “ho ho ho”. It is part of his joyful and laughter-rich image. “Ho ho ho” is an onomatopoeia, which is a word that sounds like what it means. It is a deep and happy sound. In the … Read More
A Line At Your Counter? Do this so you don’t miss any sales!
Let’s keep your raving fans happy and buying! Ho-Ho-Holiday season means lines at your front counter. YAY! But the stress of losing sales can completely ruin it for you. I don’t want you leaving any dollars in the pockets of your customers that could have gone to you! For proper staffing on busy days, be sure to have all the … Read More