by Malcolm Alderton | Jul 2, 2018 | Business Development |
Many jewelry retailers are so successful they are slowly going broke by chasing sales and neglect to create vital Goss Profit. Too little GP means one of two things - either the business cannot meet its financial commitments on time, or the owners are not enjoying an...
by Malcolm Alderton | Apr 20, 2018 | Business Development |
In large corporations people with specific skills are matched to specific tasks. Big businesses employ buyers for buying, sales people for selling, accountants for preparing budgets and reporting on performance, human resource people for managing staff, marketing...
by Malcolm Alderton | Apr 20, 2018 | News & Events |
This topic has been of particular interest to Malcolm during his years as a management consultant to the jewellery industry. Malcolm himself works with his wife, daughter and son, and is well aware of the positives and negatives encountered in a family...
by ARMS Admin | Apr 20, 2018 | Business Development |
Many retailers schedule their stocktake to coincide with the end of the financial year. With stocktake, more commonly known as the ‘retailers’ nightmare’, comes stress for managers and store owners. At ARMS we understand the trauma that stocktake can create so we...
by ARMS Admin | Apr 20, 2018 | Business Development |
Gross Margin return on investment (GMROI) is consistently below plan. Monthly inventory plan is rarely achieved. Aged inventory is higher than previous seasons and seems to grow every year. Annual inventory turnover is below industry average. Sales goals are met but...
