A blog on issues affecting Australia's newsagents, media and small business generally. More ...

Sunday newsagency challenge: why stick with a category that generates under $30 a week

I was talking with a newsagent last week about a product category that generates less than $30.00 a week in gross profit. The category is not paying for the space, labour or the inventory investment. Yet the owner wants to stick with it as a service. There  is no evidence in basket data of the product serving a purpose. 60% of purchases are single item purchases.

Look at the numbers and be guided by the evidence and not your gut.

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