Friday, November 21, 2008

"Retailers: Turn on Your Financial Headlights!"™                                                                            ROI Site Tour

Financial Tools & Tips

Compare Your Store
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See benchmarks - and five year trend charts! - for the six key ratios every retailer must monitor. See how your store compares.


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Why Join The ROI ?
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I DO Have a Choice
A consultant wanted $6,000 to turn around my store. Heck, that's ROI Membership for 20 years!


Membership FAQs
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 Start now!   Just $24.95/month

Total Access: Members-Only Collection

M2M

On-demand, 24/7, whenever you need it. 
All for just $24.95 per month.

Next Steps
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Relevant Books for Retailers
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Essentials of Business Law

Essentials of Business Law

List Price

Our Price
$33.00

 

RISK MANAGEMENT in Consumer Financial...

RISK MANAGEMENT in Consumer Financial Institutions: Modern Tools & Guidelines for all Business Units, Including Country Managers and CEO´s

List Price
$36.95

Our Price
$29.25

 

The Retail Manager's Guide to Crime and...

The Retail Manager's Guide to Crime and Loss Prevention: Protecting Your Business from Theft, Fraud, and Violence

List Price
$29.95

Our Price
$19.64

 

How-To Articles for Retailers from The ROI
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Use The ROI's Quick Reference Guide to Key Ratios

Here's a handy "cheat sheet" for you to use when calculating your key retail ratios.  It gives you the formula, tells you where to find the numbers to input, and reminds you what the ratio tells you (and whether higher or lower is better!) read more ...

Special Retail Calculators - Online
The ROI has developed retailer-friendly, online "calculators" for the most important financial metrics you need to measure, monitor and manage: Cash Flow.  GMROI and Turnover.  Key Ratios.  P&L Planner. read more ...

Go Figure! Find Your Store's Key Ratios...in 12 Seconds Each!

How many times a month does someone ask you—even in the most casual of ways—how your store is doing? And how many times does the answer depend almost entirely on the kind of day you’ve had when the question gets asked?
   You can get a definitive (and non-emotional) financial assessment of your retail business in relation to others in your retail segment once you know how to use the numbers on your balance sheet.
 read more ...


The Members-Only Collection
From the Members-Only Collection for Retailers
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Look Before You Lease

The scenario is a familiar one: Your current lease is about to expire and either your landlord or your current location is forcing you to make a major move. You consider your options. How do you know which site is the best one for your store? read more ...

The "X Factor": Is Your Store a Good Investment?

How much of a return are you getting on the money you've invested in your retail operation? Is your business paying off better than other investments you might make with the same money? Or would you be better off, from a financial standpoint, working for someone else and turning your investment capital over to a financial manager? read more ...

Those Capital Investments: To Buy or Not to Buy?

How do you decide whether or not to spend a lot of money in your store? Not on the kind of things that translate easily into profits, such as inventory, but on other things necessary to your business such as new registers, a computer, a delivery vehicle?  The immediate benefits are clear, but how do you measure the financial advisability of making that purchase—or when to make it? read more ...

MORE Tools & Resources in the Members-Only Collection
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Learn Basic Retail FinanceYour Bookkeeper Quit?

Now. Learn Basic Retail Finance. At your own pace. 24/7.

Profits & Debt Management - Financial Statements - P&L's - Balance Sheets - Inventory Management (@Cost or @Retail) - Turnover - Buying Plan Budgets - GMROI - Cash Flow - pro formas - Ratio Analysis -
Integrated Retail Financial Plans

Training

The ROI's Online Seminar on Retail Finance Basics is an interactive, self-paced course.  By retailers, for retailers. "All it takes is a little desire."

  • Learn how the income statement and balance sheet must work together.
  • Learn how to do inventory buying plans (Open-to-Buys) at either cost or retail.
  • Learn how to do a retail cash flow, one that reflects your buying plan.

Includes interactive content, self-quizzes, printable worksheets, extra how-to articles by retail experts, and a special case study featuring Helen and Irving Surviving of The I. M. Surviving(?!) Company.

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Help Your Retailers - Partner
Retail Business Insights
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The Wal-Mart Tsunami
You've heard of "the Wal-Mart effect"? We think the new name should be "the Wal-Mart tsunami". As they reduce prices to keep up market share in sales, competing retailers like Target, Sears, Costco, Kohls, etcetera will be forced to also cut prices. The ripple effect will reach all retailers.
The ROI's advice? Take your markdowns even earlier than before.



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