In a clothing department, how do you ensure minimum profit loss?

Posted: 24-06-2010 | Author: admin | Category: Small Business


How to you save on carrier bags, stationary, staff costs without skimping on the day to day running of the business and effecting brilliant customer service?

Any other ideas on how to keep profit loss to a minimum?

Category: Small Business by admin

One Response to “In a clothing department, how do you ensure minimum profit loss?”

  1. Shockey Monkey, on June 26th, 2010 at 12:54 am Said:

    Identify your overheads, and decide if they are all really essential to the business. If they are, look at the quantities you use, and negotiate with suppliers for better rates.
    If you are still making no money, you have to raise your prices.
    And if raising prices isn’t possible because of competitors, you need to analysis your competition. remember a small store can’t compete against large chains on price.

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