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A 1% REDUCTION IN COST OF GOODS SOLD THROUGH EFFICIENT TRADING CAN
LEAD TO A 10% INCREASE IN NET PROFIT. |
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Retail Angle introduces the Avatar Training workshops
for Accurate Merchandising. The workshops have been
developed by Keith Dunn, a UK based retail practioner
and trainer with over 25 years of experience in the
industry. The interactive workshops are conducted over a
period of 3 days and are aimed at introducing
international best practices. |
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Accurate Merchandising: Apparel Retail and Brands |
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Apparel Retail is an easy entry industry with
significant growth opportunities but with a high
risk of left over stock and relatively low margins.
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Merchandise management is the key to success but
relevant skills and experience are scarce and the
learning curve is long and difficult. |
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THE RESULT
IS THAT PROFITS ARE ELUSIVE.
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STOCK ON HAND IS THE RETAILER'S
BIGGEST ASSET - AND ITS BIGGEST
COST
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It is the quality of stock not the quantity that has
the biggest impact on performance - Over-stocking
and over-ranging leads to reduced profits.
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Risk can be reduced and profitability increased
through a systematic approach to range planning and
management |
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Internationally best practices and processes which
have proven success have been developed over half a
century of organized retailing. |
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The workshops teaches these practices through a
series of interactive discussions coupled with
practical exercises. |
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Accurate Merchandising: Supermarkets |
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Your customers make a lot of effort when they visit
your stores - (distance, heat, traffic, parking
problems) but they are often not able to find
something they want to buy even though the store is
loaded with inventory. |
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The result is an unhappy customer who is less likely
to revisit or recommend your store. |
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STOCK
MANAGEMENT IS THE KEY TO PROFITABLE
RETAILING.
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HOW WELL
ARE YOUR PRODUCT MANAGERS/ MERCHANDISERS
MANAGING YOUR ASSET? |
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The Accurate Merchandising workshop is aimed at
giving brands and retailers the tools needed to plan
and manage their product ranges and their outlets in
a more effective manner and to improve product sell
through and profitability. |
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The workshops consist of a series of interactive
discussions coupled with practical exercises. |
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