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? […]
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 […]
This month, I welcome a new Pickles and Ice Cream maternity store as a new client. The new store is located in McAllen, TX near the southernmost tip of Texas. Click here for a map. The McAllen store is owned by Michele Sparks, pictured to the right, and Cody Sparks. The store location is:
Trenton View […]
Retail, like all industries, has taken a big hit this year due to economic conditions. We all have friends, family, maybe even ourselves, who are facing the toughest personal and business financial crises of their/our lives.
So how is business? When I look at customer sales numbers, I see lower sales from a year ago for […]
Don’t get me wrong. I love Wal-Mart. They are convenient for me, have a lot of products that I need and good prices. But it bugs me to hear people, both inside and outside of retail, talk about how well Wal-Mart manages its inventory. I think their inventory control is horrible.
Share This
If you enjoyed this […]
According to Wikipedia, a great source of information, “the newly and modern view on entrepreneurial talent is a person who takes the risks involved to undertake a business venture”. According to My Golf Retail Guru, this entrepreneurial talent is a dying breed.
I cannot tell you how many times I am contacted by companies looking for […]
It is interesting to me that some of the retailers with whom I have worked are those that you would think do not need or want any help. Other retailers view these stars as the best retailers in their markets, whether that means a geographic region or a line of business. But as I talk […]
I talk a lot of people OUT of doing business with me. The most common situation involves two friends who want to open a retail store together. Me-“Do you want to be friends or business partners, because you can’t be both.” Them-“But we’ve been friends since high school…” To let you in on the big […]
I have written several blogs about OTB and the value it brings to a golf retail operation. I also know that many professional organizations, such as the PGA, believe in OTB as well. But have you ever wondered why it works?
First, an OTB involves the establishment, at the class level, of a monthly sales plan […]
So, the summer golf season is almost over! Are you sad or happy? Sad because it’s almost over or because you did not get the business you expected? Or both?
As we all know, there are lots of marketing firms whose mission is to help you build a customer base and to be able to reach […]