Retail expert Alan Roseman explains how slight changes to maintained markups can significantly improve profitability.
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Core shops are being buffeted by many changes in the retail climate today. Much of what is affecting retailers is beyond our control. Success will always depend on understanding the factors over which we have dominion, or at least influence, studying them, and making wise choices. One area for improvement for all retailers is the constant improvement of merchandise plans.
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After assembling for a general state of the market update from SIMA Chairman Emeritus Dick Baker and BRA Chairman Todd Roberts, a group of nearly 150 of the industry’s leading decision makers split up. Retailers broke off into their own group for two targeted, insightful presentations. Here are some highlights.
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SIMA chairman emeritus and Industry veteran Dick Baker, along with BRA chairman and ZJ’s Boarding House co-owner Todd Roberts addressed a group of approximately 200 retailers and manufacturers Thursday, March 19 at an industry-wide Bootcamp, presented by SIMA and BRA at Huntington Beach’s Hilton Waterfront Beach Resort. Baker and Roberts both emphasized the importance of industry members looking for opportunities to become stronger in the current economic climate.
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