Tuesday, March 3, 2009

Using Your POS Software to Identify Product Lines and Categories that are Killing Your Profits

By Jeff Haefner

One of the best ways to increase profits in your retail business is to analyze the profitability of your product lines (manufacturers) and categories using actual sales statistics.I can almost guarantee that every retailer has at least a couple product lines and categories that are killing their profits. By simply switching or dropping a couple of products that are not pulling their weight, you can easily increase your profits by 2% or more. (read more)

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