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Inventory Tag

Donating Unwanted Inventory at Year End Can Yield Big Tax Benefits If yours is like many companies, you’ve got pallets of excess inventory taking up valuable warehouse space and putting a drag on your bottom line. The good news is, there’s a smart, easy way to turn

Back in my pre-gift shop owning days, I was a devoted holiday shopper. Indulging passionately in the magical energy of the season, I’d scamper from shop to shop seeking perfect gifts for family and friends. Time constraints from my busy life assured I’d start gathering

A special coverage from Coalition of Visionary Resources COVR in partnership with Kim Perkins   Q: I’m new to the Mind Body Spirit industry: How do I decide what products to carry in my new store/what are the right products that I should have in my store to increase

Q: Is there any kind of rule of thumb for what percentage of your monthly sales you should budget for purchasing given a relatively stable monthly sales rate (e.g., no major holiday or seasonal increases)? Or do you go by your gut and observations of what

Q: For the first time in over a decade of being open, our small retail store is experiencing shoplifting of larger merchandise. In the past we have noticed small items were unaccounted for, but recently a 24” statue is gone, as well as an expensive

Hard to believe, but it’s already time to begin gearing up for the holidays—time to start thinking about placing inventory orders, planning special in-store events, hiring extra help, and assigning the countless other tasks that accompany the arrival of the Almighty 4th Quarter. To help

by Jean Haller, Seasons Koll, Royce Amy Morales, Sloane and Casey Simmons   Q: I OWN A MID-SIZE BOOK AND GIFT STORE, AND although we always tried to be as green as possible, in the last year we decided to go earth friendly in every way. From

As a retailer, one crucial fact you’ve learned, perhaps the hard way, is the importance of creating and maintaining good relationships with your vendors, big and small.  Without them, you’d have an empty shop! Vendor relationships aren’t always the easiest to foster, and the dynamics can

by Jean Haller, Royce A. Morales, Seasons Koll, Leslie Neilson, Deborah Leydig, Sloane and Casey Simmons   In a special “Best of 2016” edition of Shop Talk, our team of retail experts offers insider tips and sage advice on running a successful independent retail store, from branding