by Malcolm Alderton | Jul 2, 2018 | Business Development |
Many jewelry retailers are so successful they are slowly going broke by chasing sales and neglect to create vital Goss Profit. Too little GP means one of two things - either the business cannot meet its financial commitments on time, or the owners are not enjoying an...
by Malcolm Alderton | Apr 20, 2018 | Business Development |
In large corporations people with specific skills are matched to specific tasks. Big businesses employ buyers for buying, sales people for selling, accountants for preparing budgets and reporting on performance, human resource people for managing staff, marketing...
by Malcolm Alderton | Apr 20, 2018 | Business Development |
Traditionally small business owners have their annual accounts prepared 6 to 12 months after the end of the fiscal year, and apart from the accountant spending 15 minutes discussing them and a copy going to the bank, these accounts never see the light of day again....
by ARMS Admin | Apr 20, 2018 | Business Development |
Many retailers schedule their stocktake to coincide with the end of the financial year. With stocktake, more commonly known as the ‘retailers’ nightmare’, comes stress for managers and store owners. At ARMS we understand the trauma that stocktake can create so we...
by ARMS Admin | Apr 20, 2018 | Business Development |
Gross Margin return on investment (GMROI) is consistently below plan. Monthly inventory plan is rarely achieved. Aged inventory is higher than previous seasons and seems to grow every year. Annual inventory turnover is below industry average. Sales goals are met but...
by ARMS Admin | Apr 20, 2018 | Business Development |
Given the current economy, many jewelers are willing to offer discounts in hope for good numbers at year-end. The problem with this formula is that it’s a guarantee all right, a guarantee loser. Once you start discounting, a something no so good happens. Customers...
