TOP TIPS FOR MARGIN MANAGEMENT

How do you create efficiencies in a high-cost, low-margin retail environment? That was the question I was going to answer. First, I think you have to remind yourself why you are in a high-cost, low-margin retail environment. The answer, because Susan blabbered at me until I brought in high-end product, is not enough in this case to restore confidence. (No matter how true it may be.) High-margin product, while briefly beneficial, will have long-term detrimental effects on your profitability.