Archive for January, 2008

WSJ 18 Jan 2008 - Gloomy Retail Forecast

Wednesday, January 23rd, 2008

Have you read today’s Wall Street Journal? The sub-headline states that the “recent sharp drop in sales prompts gloomy forecasts of worst slump in years”. According to the article, this equates with fewer store openings and cut backs on inventory. Cut backs on inventory…cut backs on inventory.
This is the smart strategy. Can you do it? […]

Shrinkage

Monday, January 7th, 2008

Wikipedia has a great definition of shrinkage. The author refers to it as “the loss of products between point of manufacture or purchase from supplier and point of sale”. The posting further states that 48.5% of shrinkage is employee theft and 31.7% is due to shoplifting (according to the National Retail Security Survey conducted by […]

Golf and Retail, Better

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