This article is reprinted with permission from Linda Carter with The Retail Management Advisors, and a long time friend and consultant to Smyth Retail and many of our clients. This is a great explanation of the difference between markdowns and discounts. Generally, customers choose to shop a particular store based on the store’s reputation (brand), […]
New Physical Inventory Device
We are happy to announce support for the AML LDX10 Mobile Handheld for taking physical inventories. We are impressed with this integrated design based on Windows® Embedded 6.0 with a rugged case, built in touch screen, tactile keyboard and built-in scanner. But it’s best feature is the ability to load a validation file of all […]
Save re-marking time with these attention getting sale tags.
When marking down merchandise, these colorful tags will save the store time and help customers easily identify sale merchandise. This capability has been in Merchant Plus! for years, but we have finally found a reasonably priced supplier for readable color tags – we’ve also called “addendum” tags because they are designed to be added to […]
Progressive Price Changes
Progressive price changes are an effective tool for assuring a complete sell through at the end of each season for any line or category of merchandise. Margins can be maximized by gradually marking down product in progressive steps that assures a complete sell through at the best prices possible. They can be critical in maintaining […]
Managing Purchase Order Commitments
Especially for retailers of seasonal fashion goods, buying markets are the most exciting, nerve wracking, and exhausting times of the year. They are also the most critical for continued success. Decisions made in a few long days affect the life blood of the merchant. Balancing emotions with strategies in the “buy” is the secret. The […]
