How do retail stores make money? More importantly, how do they make sure they’re constantly optimizing and increasing their profits?
On a broad level, retail is essentially a “service” industry, where store owners make money by providing the “service” of making products available to customers. In today’s world, retailers don’t even have to manufacturer the goods they sell themselves, they simply need to ensure that purchasing those goods is convenient.
Continue reading “How Do Retail Stores Make Money? The Simple Guide”