My Golf Retail Guru

This is an important retail distinction that your ePoS system should handle properly. A markdown is a devaluation of a product based upon its inability to be sold at the original planned selling price. A discount is a reduction in the price of an item or transaction based upon the customer making the purchase. Examples […]

OTB (Open-to-Buy, not Off Track Betting)
As I wrote earlier, setting prices can have a short-term impact on improving retail health. However, there is another important aspect that can lead to long term improvement of your retail shop. Open-to-Buy is what is needed. If you have knowledge of spreadsheet capabilities for adding and averaging, this should […]