Over the course of my career I have worked with and supervised thousands of retail employees and with a few notable exceptions, I have rarely come across a person who really enjoyed taking a physical inventory of their store’s merchandise. And I don’t think there is anyone in the retail industry that would tell you […]
Having enough cash on hand to keep the doors open, fund payroll and buy inventory. In our retail consulting practice we have found that maintaining free cash flow is the number one thing that keeps retail owners and operations executives awake at night. We have found that when many retailers get into a cash crunch […]
Maintaining a high inventory turnover is one of the key measurements that retail consultants use to determine the overall health of a retail business. Defined as the number of times a store’s inventory is sold within a given period of time, some retailers are able to turnover their inventory as much as 12 times a […]
Surveys show that the retail industry consistently ranks below the national average for compensation and benefits. We know that some of what drives this is that retailers are at the end of the supply chain and as such have to absorb the entire cost of the product plus cover their own business costs. But […]
For retailers – or any business for that matter – cash flow is a key metric. Having free cash at the end of the month is often the difference between keeping the doors open or closing for good. Additionally, having free cash on hand gives you the ability to quickly react to market trends by […]