Let’s Do The Numbers!

It is easy to be enamored by the idea of having your own business and calling  the shots. Having “checkbook power” is ego boosting and gives you prestige amongst the vendor community.

 

An important part of navigating the retail world is understanding the core fundamentals of your venture. Internal controls through reporting such as profit & loss, breakeven analysis, cash flow and OTB (open to buy) are vital in ensuring the longevity of your operation. As a business owner, you (or someone you hire ** wink wink) need to fully understand, manage and reference these reports daily. Think of them as your progress report(s).

EMP Retail consulting is able to conduct a financial retail check up for your business with the accumulated data along with additional individualize reporting. Below is a comprehensive list of our retail financial services.

• Break-even analysis financial report

• OTB planning and training

• Best & worst sellers report

• Gross margin training

• Strategy for departments and classifications

• Vendor analysis & suggestions

• Retail jargon and formula review

• Buyer training

Does appearance rule the world?

 

Store appearance like one’s physical appearance is important. Consumers form an opinion on a business based on its visual attributes, which in turn influences their shopping decision. What are the major tools needed to ensure the right appearance for your business?

Store appearance like one’s physical appearance is important. Consumers form an opinion on a business based on its visual attributes, which in turn influences their shopping decision. What are the major tools needed to ensure the right appearance for your business?

• Basic Floor Planning/ Review

• Detailed Visual Store Walkthrough and Review

• Sales Review by Section/Sq Ft

• Fixture Review

• Signage Review

• Advertising and Promotional Planner Review/Creation

• Associate Training

• Review of Employee Manuals and Company Policies

What else?

 

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

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