Scan Backs and Retail Profit

Scan Backs and Retail Profit

Scan backs by their very nature are done after sales are completed. That means that your sales reports may be wrong. Especially if they are based off recent sales. When a vendor agrees to a reduced cost for products sold during a particular time period, the adjustment...
How to Manage Obsolete Inventory

How to Manage Obsolete Inventory

Obsolete inventory ties up cash. It requires close monitoring to maintain the appropriate level of stock. For most retailers, poor buying decisions lead to poor cash flow. Review aging inventory. Reduce prices to sell slow-moving products and free up the cash to...
Retailers: Get Out of Showroom Denial

Retailers: Get Out of Showroom Denial

For every retailer, pricing is a critical (if not central) focus on dominating their competition.  But even in today’s mobile technology world, many retailers are in showrooming denial.  It is faster and easier than ever for your customers to compare prices in...