Tuesday, July 08, 2008

"Retailers: Turn on Your Financial Headlights!"™

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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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Where else can you learn this stuff?
Nobody has ever really taught me the "business" side of retailing.


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