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Friday, 22 February 2013

Profit Margins | Sales, Expense and Profit Development

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Profit Margins | Sales, Expense and Profit DevelopmentProfit Margins - Protecting Profits in the Face of Competition

Competition is eating into your profit margins and each day it gets worse.

With the increased use of the internet, has come an onslaught of competition. It’s not just the other guy down the street that you have to compete against. Thanks to the internet your competition has grown exponentially and continues to increase daily!
With increased competition comes the potential for a dwindling market share, higher expense ratios, and slimmer profit margins. Deteriorating profit margins are a problem for most companies or select divisions of a company. Stuart & Associates will show you innovative and practical ways to increase profit margins. This is accomplished by conducting a detailed analysis that will pinpoint the areas with the greatest opportunity. We will then work with you to quickly develop and implement a strategy that will increase your profit margins.

 

A few of the areas affecting profit margins that we will thoroughly examine are:

  • P&L and Merchandise Reports
  • Sales and Productivity Reports
  • Store Layout
  • Merchandise Assortment
  • Purchasing and Promotional Planning
  • Return Ratios
  • Policies and Procedures
  • Payroll management
  • Compensation programs
  • Expense Control
  • Pricing Management
  • Inventory and Shrink Management
  • Training Program Assessment
  • Extended Service Program

Expense Control for Greater Profit Margins

We can show you how to effectively control your SG&A and bring expenses in line, exceeding your current profit margins. Listed below are just a few of the areas we can improve for your company:

  • Reduce payroll costs
  • Increase payroll productivity
  • Develop staffing standards and Full Time Employees/Part Time employees ratios
  • Reduce supplies and other daily expenses
  • Reduce associate turnover and related costs
  • Streamline your training and orientation programs
  • Improve leadership skills to allow managers to better utilize their time and effort

Bill is passionate about helping our retail and manufacturing clients maximize revenue and profit margins in the quickest and most sustainable way possible, while increasing consumer loyalty.

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Bill Stuart

Bill Stuart is CEO of Stuart & Associates, a retail consulting firm specializing in Sales and Margin Growth Programs and Returns Reduction Programs.

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Bill Stuart • 8 Angel Trace • Brentwood • Tennessee • 37027 • 615.289.0007

John Quattrucci • 3 Harmony Ln • North Easton •MA • 02356 • 508-216-5759

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