Posted on 12/26/2008 5:34:47 PM PST by An Old Man
Edited on 12/26/2008 5:35:48 PM PST by Admin Moderator. [history]
Yup. They went up 40% last year. I figure that's how they'll 'get' me, lol. They'll keep raising them till I can't pay and then tell me to get off their property.
You are correct that you can cut inventory in time but most of these retailers did not as the holiday stuff is usually ordered 3-6 months in advance. You can cut back on payroll some. There are things that you can do but an 8% cut in revenue does not mean you will come close to maintaining the same margin. There is an article out today that they think 25% of retailers will go into Bankrupcty next year.
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