by Delaney Consulting | Jun 11, 2020 | Merchandising
Retailers can miss key flavor trend insights unless they systematically track flavor and scent trends. Most merchants struggle to forecast emerging customer flavor trends. They have the information. But it is locked inside unhelpful data fields. Like “Item...
by Delaney Consulting | Jan 6, 2020 | News
MN Retailers Association sought out the best retail advice for 2020. Naturally, they turned to Delaney Consulting. (Headquartered in the Land of 10,000 Lakes.) Check out our advice. Love to hear if you agree with our laser focus on execution.
by Delaney Consulting | Feb 28, 2014 | Merchandising
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...
by Delaney Consulting | Feb 11, 2014 | Merchandising
Open to Buy is as simple as a budget of expected expenses (use monthly averages for payroll, rent, utilities, supplies, etc.) combined with planned sales and purchases to create a monthly cash flow budget. Manage your store to that budget by making adjustments to...
by Delaney Consulting | Jan 11, 2010 | Managing, Managing Projects, Operations, Strategy
There are only three legitimate times to hire a consultant. Is your company or department is about to hire an outside resource? Or are you an outside contractor? Be smart. Look at the situation and ask yourself these three questions: 1) Is this a competency that is...