As a salesman, I once ran into a guy who told me “if it ain’t keystone, it ain’t .” Huh? I learned that meant he wanted to mark up 100% so he needed to buy at a 50% discount. I also learned about “turn,”
meaning how many units were you selling per year. And floor space, meaning how many $$ per square foot were you turning. That’s how good retailers think. Retail is tough, and if you don’t have volume to support inventory it’s even tougher. Manufacturers have it tough too. You want to be able to support your suggested retail pricing and if you have a outlier retailer selling mail
order under that price, you risk cheapening your brand. Anyone who hasn’t operated in this arena likely has no idea.
meaning how many units were you selling per year. And floor space, meaning how many $$ per square foot were you turning. That’s how good retailers think. Retail is tough, and if you don’t have volume to support inventory it’s even tougher. Manufacturers have it tough too. You want to be able to support your suggested retail pricing and if you have a outlier retailer selling mail
order under that price, you risk cheapening your brand. Anyone who hasn’t operated in this arena likely has no idea.