Published 2004 -
It’s a fact that the FP&A process increases the odds of retail success, producing better profits and cash flow than if you ignored FP&A. Here’s how it works.
Here are seven indicators you can use to know your business better, plus how you can use this information to surpass your unfocused competitors.
Business ups and downs you may consider normal, can add up to make the difference between huge profits or crushing losses.
A retailer’s perspective on using an outside company to do a GOB, inventory reduction, cash raising sale or other high impact promotion.
Today the news is full of stories about online threats directed against countries and large businesses. Although high level hackers may not be targeting your store specifically, you are still at risk of loss from a number of internal and external exposures.
Willingness to use GMROI as a tool is one factor that separates best performing stores from their peers.
By using the break-even sales equation your business can see in advance what volume
will be required to produce your desired profit. You will be able to create a meaningful strategy and plan better for the upcoming year.
David McMahon outlines the advantages of putting in place a strategic growth plan for the new year. For your business, strategic growth planning is the GPS for your retail future. It helps your business stay on course.
They are rightly named “Profit Parasites”. Like thieves in the night their insatiable appetites silently steal our working capital. Furthermore, they often evade the focus of our time and attention until they have done irreparable damage.
Prudent furniture retailers in large and small operations purchase Time Element coverage to provide protection for loss due to reduced sales/income and to restore a business to its condition prior to a catastrophic loss. This article by Stephen J. Wisocky explains how to purchase this type of insurance wisely.