Retail

Keys to Restaurant Success

Keys to Restaurant Success

Nobody ever said the restaurant industry is easy. Beaten up by COVID closures, record-high inflation, and persistent staffing shortages, some operators are just an invoice or two away from hanging up the “Sorry, We’re Closed” sign for good. Even in the best of times,...

Menu Item Analysis and Categorization for Restaurants

Menu Item Analysis and Categorization for Restaurants

Menu Item Analysis and Categorization is the study of the profitability and popularity of menu items and the impact each has on operations. It requires a thorough understanding of food costs, sales, and the subsequent categorization of items. From there, various...

Fundamentals of Menu Design

Fundamentals of Menu Design

Proper placement of offerings on a restaurant menu is imperative as this placement plays a critical role in how customers order. Therefore, when designing a menu, it’s imperative that restauranters invest the requisite time and effort into selecting an appropriate...

Federal Excise Tax Considerations for Your Dealership in the New Year

Federal Excise Tax Considerations for Your Dealership in the New Year

As we begin the new year, I always recommend that our dealer clients take time to reflect and reassess the prior year and try to determine any areas where efficiencies could be achieved, and perhaps more importantly, revisit policies and procedures that could help...

Time to Revisit the Merchandising Basics!

Time to Revisit the Merchandising Basics!

The pandemic undoubtedly created a different type of shopping experience for consumers over the past 18 months, which required retailers to manage through some major disruptions.  Decreases in foot traffic, face-to-face customer engagement, in-store experiences,...

Basics of Inventory Management

Basics of Inventory Management

For many companies, inventory represents a significant asset on the balance sheet. Whether it’s goods for resale, work in process, or raw materials, the sum of these can represent a significant portion of a company’s assets.  Given the size of this asset, it’s...