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Let's get started >Profitability is key to any business and retail businesses know that profitability is what ensures your business is a success. Here we will look at how merchandising audits can really transform the profitability of your retail business and how we can help at CJ Retail.
A merchandising audit
A merchandising audit will give an insight on all aspects of the retail outlet which will provide an In depth insight into the operation of the retail outlet, the customer experiences the products and inventory. Here we will look at the key elements of a merchandising audit and what it covers and why.
Compliance:
A retail business owner will now that to operate successfully you need to ensure that you adhere to legislations and standards. By carrying out merchandising audits regularly you will ensure that your business is safe from any legal problems and fines that may occur if you are not compliant.
Inventory:
A merchandising audit will ensure that any discrepancies with your inventory records and your actual stock levels. This aspect within a retail audit covering inventory means that your business will be more protected from stock issues such as outages, overstock and shrinkage.
Customer experience:
It goes without saying that happy customers mean increased profitability. By carrying out regular retail audits you can ensure your retail outlet is providing the best possible shopping experience for your customers which includes an organised store, corrected pricing, product availability and a clean and well organised store.
Efficiency:
A retail audit will help with the efficiency of your retail outlet as improvement areas can be identified in relation to merchandising which in turn leads to a more streamlined operation and effectively cost savings.
Financial:
When your retail outlet is compliant, your inventory is on point and operations improved you will reap the benefits with financial gains including reduction in your losses and therefore increased profits which lets face it is the be all of business
Here at CJ retail, we are experts in conducting retail audits and let’s face it business owners are busy people. We have the tools to hand to cover regular retail audits to help you transform your profits. Using the latest advanced technology, we can ensure your audit is completed accurately and to the highest level of precision. We will use in depth data analytics to analyse your sales, stock and feedback to give a full merchandising overview. We work with Realtime data and generate auto reports which are paramount in providing you with the information you need to maximise you’re merchandising and profits.
If you are a retail outlet and you want to transform your profits, then contact us today for a friendly discussion on how we can help with your retail merchandising.
