Latest / The Resilient Retail Game Plan - retail insights, retail trends and best practices
3 | Healthy Profit Margins
Profit margins are like the foundations of your business so it’s very important you pay close attention to them and that you’re fully aware of how much money you’re making every time you make a sale. In this episode, I go over how to breakdown your costs and how to use those figures to become a more profitable and resilient retailer. We’ll cover the simple calculations (which I've included below) that’ll give you a clearer picture of how your business is operating and discuss the importance of questioning and challenging yourself to make your products more profitable without harming the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.