Retail Businesses Need a Proactive Action Plan

Look for an advisor who has industry experience, understands your situation and can provide you with a concrete action plan.

Good vs. Bad Retail Business Practices

In retail, habits good or bad, make your store what it is. It is all about recognizing what behaviors need to be changed.

Reaching the Bridal Market

Now is the time when retailers must prepare for the fast approaching wedding season. While the height of wedding season lies in July, August, September and October, couples are thinking about their registries early. A recent study, The Knot Market Intelligence Bridal Registry Study, found that 1.5 million (88 percent) of engaged couples in the [...]

Improving Cash Flow

Strong, positive cash flow is a must for any thriving retail establishment. The benefits of positive cash flow are numerous: pay vendors on time, take discounts, expand or remodel, add brands, pay yourself more, and so on. Poor cash flow, however, forces retailers to make survival decisions they may otherwise not make. This is what [...]

How to Improve Cash Flow

Strong, positive cash flow is a must for any thriving retail establishment. The benefits of positive cash flow are numerous.

Cut Costs, Keep Payroll

With the economy always in flux and shopping behavior fickle, small retail businesses must keep their eye on making sales, but also keeping costs down. This doesn’t mean, however, that you have to cut cashiers or try to be manager, inventory specialist and salesman all in one. Despite being in an industry with a fast [...]

Off-price Buying: Strategies and Pitfalls

When a store is able to procure off-price merchandise from a supplier, it can serve to generate several benefits.

New Technologies, New Risks

New technologies will come and go, opening new windows of opportunity for theft, fraud and loss.

The Importance of Proper Timing: Setting up Inventory Deliveries

Establishing ideal delivery start and completion dates for inventory orders can be just as important as price points.

Recognizing and Preventing Hidden Loss

While not classified as shrink, hidden losses are just as detrimental to the retailer’s bottom line as theft.

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