450 likes | 552 Views
INFORMATION ON THRIFT STORE BUSINESS TRANSLATING REPORTS INTO INCREASED SALES The How Why What & Where. HOW? World Serve product flow system. Capture detailed production information Capture detailed sales information Capture detailed purge information
E N D
INFORMATION ON THRIFT STORE BUSINESS TRANSLATING REPORTS INTO INCREASED SALES The How Why What & Where
HOW? World Serve product flow system. Capture detailed production information Capture detailed sales information Capture detailed purge information Specific thrift store sophisticated reporting and responses WHY? Increase sales with better product mixes and pricing strategy Reduce theft Reduce labor cost
WHAT? Toshiba TEC Thrift store tagging system Toshiba TEC Thrift store POS system WHERE? Back room tagging area Back room rag out Front end check out Store office reporting Head office reporting
Who Uses our System Salvation Army Value Village (Savers USA) American Thrift Bibles for Mission
Receive Sort Hang SpeedRail OK
Rack CategorySort Staging
Rack CategorySort Staging
Toshiba POS and Tagging Configuration Symphony Front End Tagging Back room Symphony Back room
Menu Sign On Enter number and depress [OK]
Menu Tag System OperationsSelecting The Week Select Week/Colour
Menu Tag System Operations Select Sub Department Select a sub department example [Ladies]
Menu Tag System Operations Select Category [1st] Select the category [JACKETS]
Menu Tag System Operations Select Price Point [1st] Select the price point based on quality
Menu Tag System OperationsPrint Tag [2nd ] Select print to produce a tag from printer [1st] Select the price point based on quality
Menu Tag System OperationsPrint Quantity On Tags Option 2 Depress this button and print either [SET OF 2 PCS] or [Piece Pricing] on the Tag. With out selecting these options it will print default 1 piece [2nd ] Select print [1st] Select the price point based on quality Option 1 If you have a set (like a suit or swim suit with more than one piece enter the quantity and depress here Option 1 If you have a set (like a suit or swim suit with more than one piece enter the quantity and depress here
Price Points This example is suggesting the price of children’s pants 1,3,5,7, is equal to $1.00,$3.00,$5.00 and $7.00. You can increase price points or use Open price points
Store manager determines price point Pricing consistency through operator product rating not $ value.
Create a good shopping experience for shoppers while making it difficult to swap tags due to full descriptions on tags
Floor Distribution Easier floor distribution cause racks are presorted
Setting weekly production targets and daily report of target achievements.
A quick look for quick response. How much are you ragging out versus production
A detail look for a better response. May it’s the mix? What is being ragged out.
Scanning Provides Speed & Accuracy While Capturing Information.
What percentage of product was sold from the production From 1706 pieces put on the floor 336 was sold 19.69% and 90 percent was scanned less than 10 percent was hand entered From 1706 pieces put on the floor 305 was sold 19.69% and 90.77% percent was scanned less than 10 percent was hand entered
What % was sold of or our production. Why? WOMENS CLOTHING Report 2789 pieces put out on the floor and sold 731 pieces 26% of total production sold What % was sold of or our production. Why? What % was sold of or our production. Why?
WOMENS PANTS PRODUCTION Pricer is pricing 62.9% of these pants in the BETTER price point. 56 pieces totaling $335.00 averaging 6.00 per per each pair. WOMENS PANTS SALES The BETTER price point was 30% of total woman's pants sold 3 pair sold totaling $18.00. 6 per pant. Only 5% of the pants put on the floor sold.
Summary • Know what you are putting on the floor • Know what is selling from what you put on the floor. • Create a good shopping experience • Increase sales by making sure you have a good selection of products and a wide price selection.