This time presents unique challenges for retailers of all sizes, across industry and geographical boundaries. It’s more important than ever to be doing the right things that directly impact your retail business surviving and thriving – even amidst the most challenging of times.
In this webinar, presented by retail expert and SCORE mentor Ritchie Sayner, you will learn why retailers fall prey to the non-profit cycle and how to rise above it.
We will discuss:
- The concept of inventory turnover and why it is vital to cash flow and revenue growth
- How initial markup impacts profitability as well as strategies for controlling markdowns
- The advantages and disadvantages to online selling that you MUST be aware of
- And more….