There have been several posts claiming that modern technology has made the Retail Inventory Method (Retail Method) obsolete for valuing inventory. While all these articles have valid claims regarding the retail method’s limitations, it doesn’t mean the valuation method is obsolete. The difference is to know when the Retail Method should be used, and when […]
Retail is Detail – Now more than Ever!
We thank Evan Wise of Management One® for this great contribution. While retail has always been “detail” the number of details has indeed exploded! Just a minor example is the amount of technology needed today to make a simple phone compared to the knowledge needed even a decade ago. And that’s only a very small […]
Special Guest Speaker: Steve Pruitt
We are honored this year to have such a well respected industry consultant join us for our Client Conference, scheduled for October of this year. I am really excited about Steve’s session topic as it sets the stage for a conference where we can all learn how to better utilize the system, and will get […]
Achieving Profits in Every Business Cycle, Part II
In the prior issue we laid the foundation for what we expect from our business for the risks taken. Let’s proceed to discuss the ways of insuring a healthy profit in every business cycle, maybe not a 25% return on capital every year but more than that in good years to offset less than 25% […]
Achieving Profits in Every Business Cycle, Part I
According to the most reliable news reports the economy, and retailers as well, are coming out of a deep slumber. Retailers had the best Christmas season in three years. But what of the intervening three years? Whether it was the bursting of the hi-tech bubble which dragged the entire stock market down, the war in […]
