After high school, I decided I didn’t need any more formal education. So I went to the University of Tennessee.
Tennessee is a drinking school with a football problem.
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Whenever I work with a new client, they usually lack profits and have excessive inventory. The excessive inventory is a longer project, usually taking six months to one year to get on track. That step involves the establishment of a sales plan and an Open-to-Buy plan.
However, there is a quick fix that can have a […]
Just about the time they make something fool-proof, someone makes a better fool.
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Remember our two merchandise buyers from last month? One held out for higher profits and the other unloaded and reloaded. Another major benefit of the second approach was that there was fresh merchandise coming in to the shop throughout the year and it attracted potential customers to come in to see the new inventory. The […]
Remember, you are unique. Just like everybody else.
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62.7% of all statistics are made up.
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There are 3 types of people in this world–Those who are good with numbers and those who aren’t.
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I have nothing but respect for you…and very little of that. (Groucho)
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Last month, I pointed out that most golf retail systems were focused in the wrong direction when it comes to inventory management. So what is missing? A lot of valuable statistics, that’s what.
But if I could only have one statistic from a retail package, it would be the Stock Turn Rate (STR) and you should hear the Hallelujah Chorus in the background when these words are spoken. It measures how many times an invested dollar is sold over a year.
99% of lawyers give the rest a bad name.
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