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Making higher profits for your Store

Improve Your Store's Profits #1

Posted by Administrator on 3/24/2014
Valuable Hints on Improving your Store Profits.
by James Richards
James Richards

1. Turn "Dead" Inventory into cash. -
Have a hard look at all the items you are carrying in stock. Any items that realistically will not sell in the next 6 months, should be put on sale as close-outs to generate some cash. Then reinvest this into fresh items that you know will sell well and give you a good margin. You could make a good profit on several turns of inventory in the same time you may or may not sell those slow-moving items. Also your customers will come back again when they see you have fresh, relevant merchandise for them to buy.