Submitted by Taylor Ganz, Profitability Consulting Group When John Egger founded our company, he christened it “Profitability Consulting Group“ (PCG) for a reason. While we believe and preach sustainable sales growth, growth without profit and positive cash flow can be disastrous for your profit margins. And this was what we
As a marketer and ad manager focused on hooking that shiny new customer, I didn’t consider my existing customers. I was so enthralled with developing effective creative collateral, making clever ad buys, and planning the calendar out so it would coincide with the merchandise I was bringing that I lost
A retail business’ success relies on the stock it can carry. To make a profit, you must sell products; as you can’t sell what you don’t have, maintaining a sizeable inventory is imperative. With so much capital invested, insuring your inventory is vital for retailers. At any given time, displayed
Finding ways to add to your bottom line can be a challenge for those who experience service and operational inefficiencies. Below are four simple best practices that may improve and streamline some of those challenges. 1. Employ sound repair services options Instead of returning a product, customers are most likely
Demand Planning with Unprecedented Inflation and Economic Headwinds The dirty “I” word has reared its ugly head. According to usinflationcalculator.com, The US Inflation rate hit a new 40-year high in May 2022. This new era of inflationary pressure brings with it a depression of consumer confidence that poses significant implications
Congratulations! You have managed through a period of economic upheaval not seen in generations. Over the last two years, the global economy has experienced unprecedented supply and demand disruptions. Unfortunately, the global supply chain’s existing risks will persist in the near term. For the first time in their living memory,
Finding ways to add to your bottom line can be a challenge for those who experience operational inefficiencies. Four simple best practices that could improve and streamline some of those challenges and improve your operational efficiencies are outlined below. Employ sound repair services options Instead of returning a product, customers
Inventory management is at the top of every retailer’s mind. It is the foundation of your business and a dynamically moving target, especially in today’s world. Yet, inventory control can become your competitive advantage when your business has inventory fundamentals in place. Tracking inventory across your supply chain and providing
Robert Kennedy proclaimed in a speech many years ago, “There is a Chinese curse which says, ‘May he live in interesting times.’ ” As current events continue to unfold, it would seem as though we are living in increasingly interesting times. Recent announcements by many auto manufacturers that production lines
I have a favorite saying by the immortal Matt Ross. Matt had a ton of Mattisms that I loved to parrot back to him and anyone else who would or was paid to listen to me. Matt became a north star to me when he joined our team after a
Investing in your staff is one of the best ways to give your organization an advantage over others. Keeping your
Geo-fencing and Geo-framing are both forms of digital advertising targeting customers based on their locations. Although both have similar names,
When I look at 2021 through the lens of advocacy, I must tell you that it was a game-changer for
In this Quick Click Solutions video, learn how alternative purchasing options can grow your sales tickets.
HFA’s Chief HR Strategist Tracy Jackson guides you through some simple things to ensure that your interviewing process is smooth
Congress and the Trump administration are preparing another Covid-19 relief package. The Home Furnishings Association’s Washington representative, Chris Andresen, and government relations liaison Doug Clark
Everyone is trying to figure out what the “new normal” will look like when your stores reopen. What will recovery look like to you and
