Margin and Pricing
The Great Recession taught Americans how to do more with less, creating consumers who are heavily focused on value. Consumers expect discounts and bargains to induce them to buy. Additionally, today’s technology enables the savvy shopper to browse, either in-store or online, and to then shop for the best price. To compete effectively in this environment, retailers need to optimize their operations. This includes inventory planning based on data analytics, minimizing transportation and other operating costs across the organization. Companies must also look for alternatives to engage consumers in nontraditional ways to gain their business, including loyalty programs and other efforts that align with customers’ values.
Retailers should understand the tax and accounting issues that arise when responding to consumer demands for discounted goods.
What’s needed to make Macy’s next act transformational and profitable? Learn more.
Learn three back-end strategies retailers can use to help maximize profitability and offset rising labor costs.
Farmers, retailers, restaurants and food manufacturers often donate excess inventory for charitable use. Tax deductions may be available.
Recording traffic can provide insight into sales and marketing trends and calculate the most important success factor in retail—conversion.
Retailers and fashion companies must follow IRS guidance on the proper treatment of clothing allowances and qualified employee discounts.
From upgrading scanning capabilities to leveraging key performance indicators, this white paper reveals ways businesses can improve their inventory management.
Growth in remote purchasing has states seeking ways to collect the sales tax funds, holding retailers and consumers responsible.
Several provisions of the Tax Increase Prevention Act of 2014 offer significant opportunity for consumer products companies. Are you taking advantage?
Franchisors may be in for major changes in the way they recognize their revenues in the future.