How to Make Profit in Retail: Strategies for increasing retail sales, reducing shrinkage and designing a beautiful retail store
Two ways to increase profit in retail:
To increase sales without reducing profit draining activities is false economy.
How to Make Profit in Retail: Strategies for increasing retail sales, reducing shrinkage and designing a beautiful store
For immediate release
Contact: Romeo Richards 078 650 49508, email@example.com
- Tesco had it worst performance in the company’s history and the supermarket giant was forced to exit the US market
- Should Sainsbury’s and Morrisons be smiling or should they be worried?
- Is Tesco troubles a sign of things in the retail industry as a whole?
Manchester 06 November -
Tesco suddenly moved from being a local UK supermarket to one of the biggest retailers in the world. In fact at one point it was the fourth most profitable retailer in the world.
Sir Terry Leahy the man who led Tesco spectacular rise was knighted by the queen for services to British business.
While he is likely the keep his knighthood, Tesco is not likely to maintain its dominance in the retail market.
Was Tesco success a result of brilliance or was Tesco the best amongst the worse?
The answers to these and other questions are in a new book recently published by the Business Education Center called: How to Make Profit in Retail.
The retail environment is changing. Online shopping and consumer access to unprecedented information has changed consumers buying behaviour.
Online shopping is predicted to expand to 23% of total retail shopping by 2016. Currently, shoppers are capable of making instant price comparison while shopping.
With an increase in online shopping and an increase in consumer awareness, what can retailers do to return to the golden days of retailing?
Most importantly, what can retailers do to increase their profit margin in the current fiercely competitive retail environment?
There are two ways to increase profit in retail:
- Increase sales
- Reduce shrinkage
How can retailers increase their sales?
The only way the majority of retailers know to increase sales is to reduce price. In this Amazon and eBay world, is price reduction a viable business strategy?
The majority of retailers focus on sales increase while neglecting profit draining activities. To increase sales without reducing profit draining activities is false economy.
In How to Make Profit, author Romeo Richards outline strategies for increasing retail sales through store design and visual merchandise display and reducing retail shrinkage with effective loss prevention strategies.
How to Make Profit in Retail is divided into three parts.
Part one teaches retailers how to design a beautiful but profitable retail store.
Part two is about creating an attractive visual merchandise display that capture shoppers attention as they walk pass the store.
And part three centres on shrinkage reduction with the implementation of an effective loss prevention strategy.
Tesco woes are not just a fluke. They are not the result of difficult trading conditions in Europe and Asia as Tesco CEO claimed. They are signs of a changing retail industry.
Those retailers who understand that you cannot navigate a 21st century retail environment with 19th century strategies are the ones who are going to succeed in the new retail environment.
How to Make Profit in Retail is an instructional manual for profit making and succeeding in the new retail environment.
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If you are a retailer who want to learn how to make profit in this Amazon and eBay world and make profit in the new retail environment, get your copy of How to Make
Profit in Retail now by clicking on the below links:
Other retail books published by The Business Education Center:
Visual Merchandise Display
Increase Retail Sales with store design and merchandise display
About the Business Education Center
The Business Education Center provides marketing and business growth consultation, done-for-you marketing and coaching. We are the one and only pay-for-performance business growth experts in the UK.
The Business Education Center provides marketing and business development information to businesses such as private medical practices, dental practices, law firms, accounting firms, consulting firms, business coaching firms, private security firms, corporate training firms, restaurants and retail organisations.
The Business Education Center produces educational materials such as books, audio books, DVDs, home study course and workshops and seminars. For more information about The Business Education Center, please visit: www.romeorichards.com
- Contact Information
- Romeo Richards
- The Business Education Center
- (44) 07865049508
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