Thursday, August 21, 2008

"Retailers: Turn on Your Financial Headlights!"™                                                                            Quick Tour

Better Store Management

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!


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Total Access: Members-Only Collection

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

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Relevant Books for Retailers
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Summer at Tiffany

Summer at Tiffany

List Price
$15.95

Our Price
$3.79

 

Retail Business Kit for Dummies

Retail Business Kit for Dummies

List Price
$29.99

Our Price
$11.51

 

Marketing Your Retail Store in the Internet...

Marketing Your Retail Store in the Internet Age

List Price
$27.95

Our Price
$14.72

 

How-To Articles for Retailers from The ROI
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Taking Care of Business

Your retail business, like a garden, needs tending to grow financially strong. Just as water, sunshine and the proper soil help produce healthy plants, your store needs the right attention to ensure strength and maximize profits. read more ...

Rate Your Store from Your Shopper's Point of View

We’ve all shopped stores that have made such a bad first impression we’ve vowed they won’t have the opportunity to make a second. But even if you consider yourself a critical shopper, you may have a blind spot when it comes to evaluating your own store. That’s why it’s important to step back and look at your store from a shopper’s point of view. read more ...


The Members-Only Collection
Join The ROI. Get unlimited access. Details.
From the Members-Only Collection for Retailers
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The ABC's of Store Design

An often overlooked and underutilized strategic tool for retailers is the design of their store. The “theater of retail”—the art form of the total shopping experience—offers wonderful opportunities to attract and retain your best customers and to truly highlight your merchandise. To get you started, here are The ROI's ABC's of store design to help you maximize your retail environment. 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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Retail Business Insights
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Retailers - Have Cash Flow Problems?
(Is the Pope Catholic?) Retailers never should be without a cash flow. You can do it on the back of an envelope.
There are just three components of cash flow control: Cash coming in. Cash going out. And, the difference. Tally these for each time period (week or month), and then the "running total", and you have your cash flow statement.
Now you can talk with your bank about a line of credit, because you can show when you can repay the loan.



Retail Challenges
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