Inventory Variance

Book and physical inventory should be monitored at the store and classification level. Several things can cause a disparity between these numbers.

High Margin Impact Products

Over 25 years experience in pretesting products in small marketing rollouts makes Readon a source of high margin, impact products.

10 Tips To Grow Profits

With the new year well under way, retailers need to take a closer look at their operations, to better meet the expectations of their increasingly savvy customers. Even while acknowledging that every retailer is different, there are still opportunities to gain more intelligence about customers, and to streamline internal processes and increase profits. Following are [...]

Price Master Delivers Profits

Difficult economic times make for difficult challenges, but one company helping others weather the storm is Price Master Corp. Based in the heart of New York’s busy wholesale district, Price Master not only carries more than 3,000 fast selling items in stock, but the company also prides itself on customer service. It’s what keeps old [...]

Dollar General Posts Profit

Dollar General Corp posted a higher-than-expected quarterly profits today as it attracted bargain-seeking consumers who spent more per visit, and the discount retailer raised its profit outlook, Reuters reports. The retailer said it saw the number of shoppers and average transaction amounts rise during the second quarter, which included July, when consumer sentiment hit a [...]

Four Tips to Boost Profits

Retailing is a challenging business, and for the independent store owner wanting to boost sales and profits, it typically comes down to spending more money on advertising and promotion to get more people into the store, in hopes they will buy more. But sales growth expert, Bob Janet, suggests another way. He thinks that the [...]

More Profits With Pop-Ups

For the independent retailer who wants to grab bigger profits next holiday season, consider a pop-up store! That’s right, a store that pops up virtually out of nowhere, serves customers for a defined period of time, and then disappears. The pop-up is a win win for retailers of all sizes, because they are able to [...]