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It’s time to take a second look at your store’s fixed costs

Publication: RetailerNOW Published: January 18, 2018 Full Article

Hidden Figures: It’s time to take a second look at your store’s fixed costs
By Dan Schneider, SIB Fixed Cost Reduction

To truly manage your business effectively, industry perspective isn’t enough. You’ll need a sustainable, organized, and sometimes radical approach to all facets of your operation, including your fixed costs—what keeps the lights running, the phones ringing, the security system up, the trash going away.

More important, and, sometimes much more difficult to recognize, is that in order to remake your spend you’ll need to work through your costs without any preconceived ideas and expectations about rates that have accumulated over the long history of furniture retail.