Do you mean doing a physical inventory count? The fastest and most accurate way to do your physical inventory is to do it when your store is closed. Draw out a map of your store and divide it into areas with roughly equivalent quantities of skus. Make sure you don't receive any merchandise at the same time. I recommend doing your inventory by area, NOT by vendor or class. Whenever possible, put team members into groups of two and assign each group an area of the store. One team member holds up the barcode to be easily read and the other scans it. Follow your POS directions to import the new inventory information. it will include a "inventory Variance" report for you to review where there is a difference between the actual and POS inventory. Hope this helps!

So glad you're here now!

@rathstone a couple of questions: 1) Is your consistent marketing generating traffic but no sales? 2) Is your consistent marketing NOT generating traffic, which means no sales? I ask this because to know how to fix the problem we have to identify what the problem actually is. If your marketing is generating traffic, but you're struggling converting that traffic into sales - you've probably got some leaks in your store's foundations. I have a free class for this problem that you can sign up for here: www.retailmavens.com/paycheck If your marketing isn't generating the traffic for you to convert into sales - then you'll need to fix your marketing. The first step to do that, is to figure out who your ideal customer is, to make sure you're marketing to the right person, in the right place. This is a great video to fix this: kzbin.info/www/bejne/hl67Y4tnZp5rfc0 I have more great videos to help you grow sales on my channel as well, so browse the playlists for. more support!

We only turn off the commenting feature when a video is getting higher than usual spam - so far we've only had to do it on one video. I think my time is much better spent responding to questions than deleting spam! 😊

Hi can you answer my question ? I have a Friend and she goes in the selfcheckouts and for example three 40$ product but she scans a 5.99 product 3× for cheaper price. She been doing this a couple of times Does she eventually get in trouble? Do cameras detect this stuff ? Like if this is going on with her couple a month.s. or 1..year she didn't get caught. Will she be ok ? ? What is loss prevention ?? How do they detect you didn't scan the real product and just scanned multiple times a cheaper item.

@@freedom4063 Your friend will eventually get caught. They use detection software on a live video feed to detect mis-scans or items that have not been properly scanned. Even if she were to bypass that software, loss prevention will eventually catch on and begin to build a case against her. Their purpose is twofold, they have plainclothes and uniformed loss prevention officers walking the floor at any given time watching for people exhibiting suspicious behavior. Most of the time you won't even know that they are watching you if they are doing their job right. They also keep tabs on repeat offenders and build evidence against them that the store can use to prosecute them when they inevitably get caught. This means that while you might get away with doing something like that any number of times, eventually the other shoe will fall and they'll track you more aggressively. Just fyi the crime she is committing is called 'Obtaining Property Under False Pretenses' and it's prosecuted just as harshly as Larceny.

Here you go: www.retailmavenscoaching.com/pricingforprofit/

The link works on our end: www.retailmavenscoaching.com/pricingforprofit/

Thanks for watching! Grocery stores requires a different inventory management than other type of retail stores because of the fast turn. You have to be very clear on the type of store/merchandise you'd like to be, and who your ideal customer is, and make sure you're ordering inventory and advertise accordingly. Try to find merchandise with higher markup to incorporate to bring up your margins. If you stick to lower margin goods you'll need to rely on volume and fast turn in order to be profitable.

Woohoo! Congratulations!

There are some helpful tips in this video, and check out the other videos on our channel for tips in specific areas of running a successful store!

Thank you! For merchandising/design tips, check out Windows Matter. Amy Meadows is amazing - tell her RETAILMavens sent you!

By taking your markdowns on the line item, it will automatically be tracked to the item. So when you run a sales report by class, your POS should total up the sales and markdowns for each class. This is how you'll be able to see which classes are more profitable and which ones are costing you money.

This is definitely outside of my area of retail expertise, but you'll be looking for manufacturers/growers, so start locally by reaching out to suppliers, then connect with any industry associations (American Bakers Association (ABA), Retail Bakers of America (RBA), or International Baking Industry Exposition (IBIE)) might be a good place to start. Good luck!

Hi there! We'd sure like to try! Send us an email to [email protected] and tell us a bit more about your store!

We sure are! Celebrating 25 years this year!

It's not just you, you are not alone! ❤

Hi @DayanaLimonte I'm glad you found it helpful! The quickest way is to apply for the New Store version of our Profit Club program, just make sure you select "brand new or about to open" on the top obstacle question: www.retailmavens.com/explore If you'd like more information about the method we use inside Profit Club first (The Profit Roadmap), you can watch my free class on it here and then apply: retailmavens.com/maximizeprofit If you qualify you'll be able to book a call with our retail expert who can explain how the new store version of this program works! Looking forward to seeing your application! 😊👏

Congratulations on adapting and making it work! I'd suggest you watch my free training on the four areas you need to understand in order to run a successful retail store: www.retailmavens.com/paycheck

@@retailmavens thank you! I will join one day this week 🤞🏻😘