Affordable Retail Consultancy

Permanent Profit Increase

And they said . . . . . . . . . ."talk to us about retailing"

  . . . . . . . . . . . . . . . . . . . . . . and the retailer talked

Retailing

Non-retailers can't understand the fun and excitement of retailing. Of course it has its downs like any work but recognizing what the public want and need, obtaining the right quantities at the right price, setting competitive yet profitable prices to achieve set volumes, displaying product well, marketing advertising communicating and seeing the end users delight is a whole world for retailers.

Whether it is leading edge technology, razor sharp science, bananas or children's toys, for a retailer they are all exciting, almost even the same.

Behind all this is product selection and inventory management.

Without rock solid inventory management we are dead in the water.

Rock solid with flair and very fast re-action times.
Stock profiles with seasonality, base levels, re-order levels, seasonal volume orders et all.

Get it right and your business will grow and grow as has Tesco, but even the big names can get it round their neck, with Sainsburys and M&S leading the way with the errors, and to be fair, using the opportunity to really sort themselves.

Multi-branch retailing

We know what it means but what does it do.

For the sme moving from one branch to three it is usually manageable, brings better buying power and increased margins (or like most of us daft ones - lower prices and reduced margins!)

What it often means, as we go from three, is increased costs and reduced control.

This can be when our dead stock builds without being seen.

If we don't have central ordering and monitoring this is where the risk escalates.

Multi-channel retailing

The way retailing really works today and tomorrow.

Instead of seeing the internet as a competitive threat or as a must be place to advertise, it can truly be your friend.

The internet can be the cheapest and most effective way of communicating with your public.

If you recognize this is a communication channel first, a retail channel second and not a shop window at all then you are half way there.

When you combine the internet with direct email with mail order with classic shops then you are using a set of very powerful tools that combine together to give you cost effective retailing with increased margins and rising sales.

If any of this rings a bell somewhere then we should talk

email first to petershee@fastsols.co.uk