With the correct pricing structure, you will keep customers happy. Charging too much will turn business away, while too deep of a discount could hurt your bottom line.
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When a retailer first notices slow business in general or items not selling as they should, denial is often the first emotion felt.
Items in a classification must be kindred, having the same end use such as similar markup and turnover goals, as well as like selling patterns.
Although more compact in size than an in-line store, with less inventory to track, kiosks continue to fall victim to shoplifting.
Smaller businesses such as independent retailers are more vulnerable when they open up their POS system to electronic purchasing options.
By now, most of us have used our mobile phones to compare prices on planned purchases. We may not check the price of every can of…
Thriving in spite of competition and other marketplace stimuli requires embracing your key differentiators and utilizing a content management system.
Fewer customers buying less translates to lower sales volume, but so can your store’s approach to sales and inventory forecasting.
Regular use of good couponing strategy can provide a steady stream of new customers and high quality sales leads.
Even with the perfect price your competitors aren’t far behind in matching it. Low price leaders must continually focus on lowering and controlling costs.