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  • Will You Add? - Opening A Dollar Store - Reduce Cost-Of-Good-Sold

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    .00 price point store, this is even truer. You can reasonably expect C-O-G-S to run as high as 60% of sales when you first
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    Are you an entrepreneur who is opening a dollar store? Then never lose sight of the importance of cost reduction to the success of your business. Cost reduction should take place from the day you start your planning. One of the most important areas for focus is the Cost-Of-Goods-Sold.

    Cost-of-Goods-Sold which includes product, freight, shortages, product returns and damaged merchandise costs is a major expense for all retailers. If you are opening a dollar store, especially a true $1.00 price point store, this is even truer. You can reasonably expect C-O-G-S to run as high as 60% of sales when you first o

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    cess of your business. Cost reduction should take place from the day you start your planning. One of the most important areas for focus is the Cost-Of-Goods-Sold.

    Cost-of-Goods-Sold which includes product, freight, shortages, product returns and damaged merchandise costs is a major expense for all retailers. If you are opening a dollar store, especially a true $1.00 price point store, this is even truer. You can reasonably expect C-O-G-S to run as high as 60% of sales when you first

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    s for focus is the Cost-Of-Goods-Sold.

    Cost-of-Goods-Sold which includes product, freight, shortages, product returns and damaged merchandise costs is a major expense for all retailers. If you are opening a dollar store, especially a true $1.00 price point store, this is even truer. You can reasonably expect C-O-G-S to run as high as 60% of sales when you first

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    and damaged merchandise costs is a major expense for all retailers. If you are opening a dollar store, especially a true $1.00 price point store, this is even truer. You can reasonably expect C-O-G-S to run as high as 60% of sales when you first
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    .00 price point store, this is even truer. You can reasonably expect C-O-G-S to run as high as 60% of sales when you first open your store.

    It is important that the entrepreneur establish a set of monthly targets that decrease C-O-G-S over time. After all, even a 1? reduction in C-O-G-S for a store with $500,000 in annual sales can be $5,000 in reduction for the year. For those who are opening a dollar store that 1? reduction could mean the difference between profit and loss during the first year of operation.

    Cost-Of-Goods-Sold reduction can be achieved through many sources. This includes changing

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