American writer Max Ehrmann wrote the prose poem Desiderata in 1927 in which he said: “Exercise caution in your business affairs, for the world is full of trickery.”
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In Search of Symbiosis: Q&A with Andrew Gorecki
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Retail executives tend to track sales figures as their most important metric, but in my experience, trying to maximise sales figures alone makes little sense.
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In August 1996, I wrote an editorial for The Quality Magazine, titled ‘Quality Management in Retail’.
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Most apparel retailers offer a mixture of core (volume) and fashion stock, and their never-ending challenge in managing both types of stock can be summed up as margin protection. If specific stock cannot be sold at the right time it may need to be discounted, eroding the gross profit.
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My karate Sensei used to say that practice does not necessarily make perfect. Only good practice makes perfect.
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Retailers beware: the debate about changes to the Australian GST system is gaining momentum.
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The longer your retail IT project takes, the more likely it is to fail. Retail Directions’ retail-centric approach means that our system can be deployed in less than 10% of the time required to bed-in other enterprise-level systems.
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How to implement a new retail management system – a guide.
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You can easily spot a catastrophe, but gradual decline can go on for years unnoticed. This is the reality for the Australian retail industry, slowly suffocating under the burden of ever-increasing labour costs, onerous workplace regulations and tax and duty free direct imports.
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