The Retail Coach Australia in Sydney, Australia | Business consultant

The Retail Coach Australia

Locality: Sydney, Australia

Phone: +61 419 609 108

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• Business service
• Business consultant

06.06.2022 Ten years ago I couldn't sleep from the stress... my cash flow was drying up rapidly.... I had to get our buying under control. I found help with the right tools and I made it happen. My book, Overstocked & Overworked, helps Retailers, Wholesalers and Manufacturers, who lie awake at night stressed about how they're going to pay their staffs' wages, deal with their dead stock and turn it into cash, so that they can sleep peacefully.

30.05.2022 And to be honest, until I know a little more about your business we won’t know one way or the other. But what I can tell you is that if you buy and sell stock it won’t matter whether you’re doing it out of a shopfront or a warehouse, the principles are exactly the same. you need to plan for the right outcomes and consistently review and adjust the plan. So ask yourself, do I have a system that gives me the inventory data I need in a format I can understand, that allows me t...o make the right choices confidently? .And do I have anyone who can do this for me? Or... do I want to just keep doing things the same way and end up with more aged stock worth so much less than I paid for it? Well do you? If you'd rather have someone show you a system and guide your team through a way of putting all the critical stock information in one place, that’s easily understood and that gives you clear numbers to act on...... Then you’re ready to find out about SIM, our Strategic Inventory System, so just put SIM into the comments below and I’ll PM you more details.

14.05.2022 I'm looking for 5 Fashion Retailers who want to develop a Merchandise Buying Plan in the next 30 days and use it with certainty and flexibility to maximise their profit. If that's you, then comment Retail Profit below and I'll PM you the details.

30.04.2022 And to be honest you can never be 100% sure....but with more than 30 years building, running and selling a successful fashion retail chain, trust me, I can show you how to do a whole lot better. Running a successful retail store isn't for everyone. But when our clients are thriving no matter what the market conditions are doing.... You've got to ask yourself, do I really want to keep doing things the hard way, relying on my hunches, guessing where I should spend my money or do I want a new approach? Or... Do I want a system that gets real results, for small or large retailers and is easy to understand? Do I want less stress in my business and more profits in my bank account? Well do you? If you're ready to find out how, comment STOCK MANAGEMENT in the comments below and I'll introduce you to some great tools and tips

26.04.2022 In my book Overstocked & Overworked I focus on the three pillars of Retail Success; Forward Planning Rhythm-Creating a planning mindset Inventory Strategies-Optimising your inventory... Margin Management-Growing strong margins consistently. When I talk to retailers or merchandise planners the most common complaint is, I’m drowning in excel spreadsheets and I’m making decisions on feel and not fact I tell the story of how my business was achieving high sales but my planning was so poor that that my profit was sitting on the shop shelves and not in my bank account. There is a new way forward. Contact me at www.theretailcoach.com.au As we come out of this enforced hibernation, we have to find new ways in all areas of our businesses. Don’t wait to discover that your Inventory strategies have destroyed your business.

25.01.2022 With four weeks to Christmas Day the focus is on having your store looking its absolute best every moment of the day. Process new arriving stock in the quieter moments, as quickly as possible, keeping the boxes out of customers way. Constantly restock from reserve and have the racks looking full but neat and square with all styles on display. Remember, it cant sell if it cant be seen.

25.01.2022 Three weeks to Christmas and you have now identified the best sellers amongst your offer. Focus on keeping in stock of these best sellers but also use the pre-Christmas push to reduce the slow movers. Identify items that have been very slow to sell and reduce them specifically to use the cash returns to invest in reorders of your fast selling items. Keep that stock turning.

19.01.2022 There has always been a real and important focus on Customer Service in Retail but how about we stop and assess the lost profits and lost opportunities in our Inventory Strategies? Inventory is such a huge investment for most retailers, so much of our cash converted into product hanging on racks or sitting on shelves. Ask yourself how effectively this product, this investment, is working for you. Do you know? How would you know? What questions do you ask and have you the answ...ers for those critical questions? In my book, Overstocked & Overworked, I tell my thirty year story in retail and explain how I learnt to ask and solve the right questions to make the most out of my inventory and dramatically increase my return on that investment. Visit www.theretailcoach.com.au to get your free copy of Overstocked & Overworked. Right now, your Inventory Strategies could be the difference between surviving and thriving.... or not. See more

19.01.2022 Ask yourself the following; How precise is my Inventory Data? How often do I perform Stock Takes and when was the last time?... Do I know my current stock value at Cost and Sell? What is my sales budget as I come out of Covid? Do I have an accurate figure for Inventory orders committed at cost? What is my available amount to spend per month as we rebuild our business? What is my markdown budget at sell value? Do I have the right amount of product to maximise my sales? At The Retail Coach, we have bespoke designed tools to help you find the answers to these and more questions and then give you a clear path forward in your Retail or Wholesale business. Inventory strategies executed consistently are the key missing ingredient to most retail or wholesale businesses. Contact me to find out about our Five steps to Category Management and crystallise your way forward.

19.01.2022 In my book Overstocked & Overworked I focus on the three pillars of Retail Success; Forward Planning Rhythm-Creating a planning mindset Inventory Strategies-Optimising your inventory... Margin Management-Growing strong margins consistently. When I talk to retailers or merchandise planners the most common complaint is, Im drowning in excel spreadsheets and Im making decisions on feel and not fact I tell the story of how my business was achieving high sales but my planning was so poor that that my profit was sitting on the shop shelves and not in my bank account. There is a new way forward. Contact me at www.theretailcoach.com.au As we come out of this enforced hibernation, we have to find new ways in all areas of our businesses. Dont wait to discover that your Inventory strategies have destroyed your business.

18.01.2022 RETAIL MASTERMIND Free Zoom Session Tuesday 5th May at 3pm To register your interest, contact me on messenger or email me at [email protected]... Limited places available. Join us for a positive way forward.

18.01.2022 As some Covid-19 restrictions are lifted, more and more retail stores are reopening. Retailers are asking themselves what are the Must haves and how do I reengage with staff, landlords, suppliers and customers to make meaningful progress? Join me and fellow retailers on Zoom in our Retail Mastermind at 3pm this afternoon to get answers to your questions. DM me for the link.

17.01.2022 And to be honest, until I know a little more about your business we wont know one way or the other. But what I can tell you is that if you buy and sell stock it wont matter whether youre doing it out of a shopfront or a warehouse, the principles are exactly the same. you need to plan for the right outcomes and consistently review and adjust the plan. So ask yourself, do I have a system that gives me the inventory data I need in a format I can understand, that allows me t...o make the right choices confidently? .And do I have anyone who can do this for me? Or... do I want to just keep doing things the same way and end up with more aged stock worth so much less than I paid for it? Well do you? If youd rather have someone show you a system and guide your team through a way of putting all the critical stock information in one place, thats easily understood and that gives you clear numbers to act on...... Then youre ready to find out about SIM, our Strategic Inventory System, so just put SIM into the comments below and Ill PM you more details.

15.01.2022 Hi Everyone..really excited to have published my first book on Retailing. Overstocked & Overworked will help many retailers see how to overcome their business challenges and get some balance into their lives. Get in touch for a complimentary copy or a chat about your business.

13.01.2022 The first major lesson in my retail journey was the importance of Forward Planning events around family, social, finance and business. I learned to plan around daily, weekly, monthly and seasonal changes that gave me a road map for the year ahead and I started to feel under control, on top of my business and family life. It was such a change from the crisis management that I had sunk into at the start of my business life.

13.01.2022 Happy New Year to all retailers from the team here at The Retail Coach.Some of you will be enjoying a break right now while others will be focusing on clearing your aged stock and planning for the new buying season. However you have chosen to spend these few weeks make space for evaluating the past twelve months and resetting your goals for the next twelve...... and we encourage you to be positive and keep your challenges in perspective. All the very best for 2020.

13.01.2022 Myer have announced they will be reopening 5 stores in Queensland on Friday and 2 stores in NSW on Saturday. They are monitoring government measures and advice in each state and conducting their staged reopening. Makes sensebut what does reopening mean for retailers? How are you providing for, instructing and supporting your staff so that your store feels safe, caring and welcoming? Now is the time for your leadership to stand out and show your team that you are there for them. Now more than ever focus on preparation and communication. Build the trust in your team which will flow to your customers.

13.01.2022 Im looking for 5 Fashion Retailers who want to develop a Merchandise Buying Plan in the next 30 days and use it with certainty and flexibility to maximise their profit. If thats you, then comment Retail Profit below and Ill PM you the details.

11.01.2022 And to be honest you can never be 100% sure....but with more than 30 years building, running and selling a successful fashion retail chain, trust me, I can show you how to do a whole lot better. Running a successful retail store isnt for everyone. But when our clients are thriving no matter what the market conditions are doing.... Youve got to ask yourself, do I really want to keep doing things the hard way, relying on my hunches, guessing where I should spend my money or do I want a new approach? Or... Do I want a system that gets real results, for small or large retailers and is easy to understand? Do I want less stress in my business and more profits in my bank account? Well do you? If youre ready to find out how, comment STOCK MANAGEMENT in the comments below and Ill introduce you to some great tools and tips

11.01.2022 As we start the new year with new stock arrivals, my mind goes back to the night before we opened our first store. We worked until three in the morning ironing and displaying our stock, enthusiastic and hopeful but all the time wondering if anyone was actually going to buy anything from us. Would people like our stock? We had no experience of ranging, pricing, gross margin or final margin. We thought we were filling a gap in the market and we sure hoped the market felt the same way. We had no concept of how much we would learn over the next thirty years.

11.01.2022 I'm looking for 5 Fashion Retailers who want to develop a Merchandise Buying Plan in the next 30 days and use it with certainty and flexibility to maximise their profit. If that's you, then comment Retail Profit below and I'll PM you the details.

09.01.2022 How do we best optimise our range to sustain our business into the new future? Make a decision on your new KPIs then respond quickly to current data. Maximise sales by covering Good-Better_Best price points... Stay in stock of your key items. Check page 57 of my book, "Overstocked & Overworked" where I where I expand on my real life experiences that taught me these retail principles. Get your copy at theretailcoach.com.au

08.01.2022 How do you reopen and mobilise your retail stores for a healthy and safe future? Remember, your customers are watching to see who they can trust to have their interests and safety at heart. Here are some suggestions to consider; Social Distancing-Separate exit and entry and reduce customer numbers when necessary. Add Social Distancing reminder signage around your store to show you care.... Sanitiser at the entrance and exit of your store. Create space by adjusting fixture locations and removing excess stock. Offer gloves and wipes Daily Staff wellness checks. Reduce friction by expanding Online Pick-Up and Delivery options to customers. More frequent cleaning of store. Close some or all fitting rooms New return procedures-Keep clothing stock off shelves for 24 hours. In my book, "Overstocked & Overworked" I talk about my retailing experiences that required me to be alert, responsive and flexible. Get your copy at www.theretailcoach.com.au

08.01.2022 One week to Christmas Day and as the pace picks up even further, its important to remind yourself why your in Retail. For me its the people that make this work rewarding. Have fun with your customers and have fun with your colleagues. Keep reminding yourself and the day will seem lighter, easier and more fulfilling.

08.01.2022 Ten years ago I couldnt sleep from the stress... my cash flow was drying up rapidly.... I had to get our buying under control. I found help with the right tools and I made it happen. My book, Overstocked & Overworked, helps Retailers, Wholesalers and Manufacturers, who lie awake at night stressed about how theyre going to pay their staffs wages, deal with their dead stock and turn it into cash, so that they can sleep peacefully.

06.01.2022 Here are some of the questions that all retailers need answers for as we work our way back to a sustainable retailing model. How do we set a sales budget now for the next twelve months? What is the real value of our stock right now?... What is the age of our stock and will this hold us back? Do we have a markdown budget and if not, how do we decide? What purchases will I need to get me back on track? Which suppliers do we want to keep working with? What operational changes do we need to make, to survive? At The Retail Coach we have the strategies to help you find the answers to these and many more critical questions. Get in touch for real help immediately.

04.01.2022 Heres a list of some of the consulting services I offer. Cheers everyone.

01.01.2022 Christmas is five weeks away today. We all know retail is challenging right now and these next five weeks can be critical to the future of your business. So focus on every customer that walks in to your store. Drop everything youre doing and ask good questions to connect and build empathy with your customer. Focus and listen to their needs and...... Have fun!