Australian Newsagency Blog

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

Newsagency management tip: end of year declutter

Mark Fletcher
December 31st, 2017 · 2 Comments

If you are working this weekend and not in a busy Summer holiday location, things are bound to be quiet. My suggestion is to take the opportunity to declutter.

At this time of year in retail, decluttering to me means quitting a product, category or even department that is not relevant to how you will see your business in 2018.

The departments that could be vulnerable based on data I see from a bunch of businesses:

  1. Everyday confectionery.
  2. Tobacco.
  3. Ink and toner.
  4. Low performing stationery.
  5. Transport tickets.
  6. Newspapers.

It is easy to get data for your business, to be driven by the numbers. By this I mean, look at the GP the target product / category / department is generating, consider the space and labour costs. This process will soon reveal if you should quitting any.

This is a good, practical, project for a quieter trading day.

11 likes

Category: Management tip · Newsagency management

2 responses so far ↓

  • 1 Jonathan Wilson // Jan 1, 2018 at 12:41 AM

    With the ever increasing rules and regulations being applied to tobacco sales by governments, I am surprised its still viable for any newsagent to continue to sell that stuff.

    2 likes

  • 2 Mark Fletcher // Jan 1, 2018 at 11:31 AM

    Jonathan I agree. On a range of levels tobacco is not a good fit for most newsagency businesses.

    0 likes

Leave a Reply

Your email address will not be published. Required fields are marked *

Reload Image