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Ive recently had a 20% off the marked price sale. I find it works the best of all offers ive tried. Those who bother to read my signs appreciate the discount and those that dont read the signage get a very pleasnt surprise at checkout which im hopeing will lead to a certain amount of repeat custom.
Thanks for your input, it does drive home my naiveity as reagrds retail profits. Im not going to be too hard on myself as regards that. I do beleive im doing well to be still solvent to a certain extent. Id be gratefull to hear yours or anyone elses opinion on retail markup. Our vat is 23% here...
Thanks for all the suggestions guys. When we opened we made some poor buying decisions which hurt our bottom line as this stock had to be sold via extreme discounting. Since just before Christmas we found our niche and our absoloute golden rule since then is that if its not making x2.6 it aint...
Hi there,
I opened a retail unit on the High Street 8 months ago now with very little money and very little business experience and am starting to run into some frustrating cashflow problems. My business partner and i started at markets and fairs selling our wares. We broke even barely for about...