Articles - Retail Financial management issues

All about Financial Management

Warning Signs of Trouble to Come in Your Business
It’s easy to fall into one of two diametrically opposed camps at the moment: “The Oh Me, Oh My, We are all Doomed, Doomed I tell you” mob, or the slightly cocky and arrogant “Recession? What Recession – Stop Making Excuses – It’s a.. MORE

Budgeting for Markdowns
In the current situation in retailing today markdowns are a fact of life. Whether we like it or not the buying of merchandise, although becoming more sophisticated is still subject to buyer error. Changing fashions and colours, or ordering too much, can result in markdowns being required in .. MORE

Loss Leaders
Loss leaders are goods or services offered at steep discounts (generally below cost) in order to attract new customers to a shop. It is a time-honoured practice that has been met with much success, especially by large discount retailers. The intent of this pricing strategy is to not only have the .. MORE

Time to talk Succession Planning?
With the aging of the Australian population, one of the biggest problems facing many Australian retailers and other small businesses is the need for the original owner to plan for retirement and to ensure an orderly succession of the business to the next generation. History tells us that fam.. MORE

When everyone around you is cutting prices...
(http://bizsugar.com) In the midst of pervasive discounting, how do small retail businesses craft discount programs, clearance sales, special events or other promotional strategies without doing permanent damage to the bottom line? Small retaile.. MORE