Tag: profit
Price, markup, margin and profit
There isn’t much point in selling things for less than you paid for them. Mark-up percentage is the percentage difference between the actual cost and the selling price, while gross margin percentage is the percentage difference between the selling price and the profit. This post is a primer on how to work out markup and…
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Is Black Friday Good for UK Retailers?
We seem all too happy to follow US fads; Halloween and “have a nice day” continue to grate on me. One of our latest adoptions is Black Friday. I set out to look at the impact on retail profits and the issues I found shouted out cautionary notes to all retailers. My starting point was…
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How to increase your profits
Ignore sales promotions, put your prices up and most customers probably don’t care…assuming they notice. The “big four” of supermarkets, Asda, Tesco, Morrisons and Sainsbury’s, have increased the number of £1 promotional price tags 150% over the past year. This compared with a 6% increase in their general promotions, according to a report compiled on behalf…
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Discount-driven blip
From FT.com today: According to the British Retail Consortium survey, retail sales rose by just 0.1 per cent year-on-year, suggesting that the pick-up in demand seen in January was a “discount-driven blip”, according to Stephen Robertson, director general. As I said in December, the underlying profits are the key issue.
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Surprise rise in UK retail sales
The official figures have come as something of a surprise – UK retail sales rose unexpectedly last month, official figures have shown. Total sales volumes climbed 0.3% in November from the previous month, the Office for National Statistics said. Sales were up 1.5% from a year ago. See the BBC News website for the full story. I…
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