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Will your sales less your expense goals add up to a profit?
Or are there surprises ahead?
Do you have a way to know throughout the year?
This retailer-friendly calculator lets you project whether your expectations for sales, margins, and expenses will deliver the profit you need.
And here’s the best part: if you don’t like what you see, you can adjust your plan—quickly and easily. Before you’ve made any commitments!
And you can do it anytime during the year.
With the PROFITS Forecaster, you can:
Test different “What if…?” ideas, like higher sales, better margins, or adjusted expenses.
Instantly see the financial impact of those changes.
Compare outcomes and find the mix that “pencils out” for you.
Let’s make it a profitable one!
Each scenario takes less than a minute to enter, so you can focus on thinking and planning—NOT wrestling with spreadsheets.
And by comparing your profit projections with the Benchmarks, you’ll know whether your expectations are unrealistically high—or if you’re already outperforming others in your vertical without even realizing it.
This perspective is priceless when crafting a profit plan for 2025.
Benchmarks and sales results give you context, but your plan is what sets the direction for your business.
Let's assume your stores have been closed for weeks now.
We recognize how conscientious you are. So, after paying what you can to your employees (and yourself), the next most-worrisome dilemma is your rent.
As you likely have discovered, a common choice for many landlords is to offer to defer your payments. But that means taking on more debt, as those payments are only being postponed to a later point in time. You need a better solution than that.
What is the definition of "value" for customers? Pretty straightforward, actually.
Wait. What? "Benefits received?" "Burdens endured?" Turns out, the only single answer to "What is value?" is, "It depends." Don't just roll your eyes. What constitutes value for your customers increasingly is a make-or-break part of retailing.
As your stores are able to re-open after the coronavirus shutdowns, how they look tells a powerful story. And for you, a great opportunity. This is no time to try to go back to normal, back to business-as-usual. Nor to simply have all kinds of protective shields in your store. While necessary, how welcoming is that? Instead, this actually IS a second chance to make a good first impression! Take full advantage!
There's a very important annual job for you, the owner, and all of your senior staff. It's vital, and it involves your presence. The pressures are mounting on your stores, and in particular, your front line staff.
This is, after all, The Retail OWNERS Institute. We long have specialized in alerting, coaxing, and applauding retail owners worldwide. Today's message is a major heads-up. Keeping pace with the relentless changes in retailing has never been easy. Retailers know that constant adjustments are demanded. Then, the three pandemics of 2020 happened: COVID; the economic meltdown; the social unrest. And life changed modestly or enormously for almost everyone, including owners of retail businesses.
No, Not About People This Time While we typically think of people as recipients of recognition – and we trust you already are doing that, right? – this is a different challenge. Ready? Here we go! Of your merchandise, which products are Award Winners?!
Incredible value! 👀
Start NOW!