I got a bit of a surprise on Sunday morning there, when I walked into one of Australia’s largest retailers. The very first thing that hit my eye as I entered, was big signs in the shape of pencils on the top shelves that I couldn’t immediately read. That fact intrigued me, and on closer inspection, I was shocked to see that out of five of these signs, four were upside down. Continue reading
I thought I’d like to take a look at some of the statistics commonly used in the retail industry. Love ‘em or hate ‘em, they are critical to enable us to measure our business performance, but at the same time, it’s important to view them in context. By this, I mean that they need to be interpreted properly with an insight into the factors affecting them. Continue reading
As 2011 draws to a close, rather than give a general opinion based on the media sources as to how the retail year went, I thought I’d give an across the board view based on the experiences of our own clients and contacts.
Overall, it doesn’t seem to have been too bad Continue reading
One of the main reasons that many retail businesses fail in their first year is that the business was “under capitalized” . i.e. That insufficient funds were available to see the business through the first year. It’s important to understand this, though in our experience, this is only the No. 2 reason why small retail operations fail in the early stages. Continue reading
2012 will see the re-launch of our blog, and the streamlining of our business in many ways. Watch this space for a range of topics on various retail matters.
If you wish to suggest a topic, please don’t hesitate to drop us an email, or leave a comment here.
We look forward to joining you in 2012.