ETC..

Other services offered by EMP Retail Consulting are listed below.

• Customer service experience training

• Social Media

• Buying

• Trend Forecasting reports

• Trader Show consultation/ attendance

• Identify new revenue streams

 

RETAIL JARGON

MU

Mark up- the amount added to cost of a goods. MU= (retail-cost)/retail x 100

Gross Margin

The percentage difference between the selling price and the profit.

Sales- COGS

Product Mix

Also referred to as product assortment, product mix is the full range of products offered by a store. This a a strategic decision that determines how your store competes in the market. Factors to be considered: depth, breadth, length, consistency.