Retail Study Released : Streamlining Operations Can Lead to Increased Profits

The top three strategies museum stores use to help increase profits include implementing inventory controls, setting pricing controls and modifying store merchandise buying habits, according to responses reported in the recently released 2009 MSA Retail... More

The top three strategies museum stores use to help increase profits include implementing inventory controls, setting pricing controls and modifying store merchandise buying habits, according to responses reported in the recently released 2009 MSA Retail Industry Report from the Museum Store Association. Denver, CO, December 19, 2009 -- The top three strategies museum stores use to help increase profits include implementing inventory controls, setting pricing controls and modifying store merchandise buying habits, according to responses reported in the recently released 2009 MSA Retail Industry Report from the Museum Store Association. For the first time, the Report explores best practices in areas such as sales growth, marketing and merchandising. For example, stores reporting sales increases are significantly more likely to focus on inventory controls than those reporting sales declines. Similar correlations are examined between sales / profitability and other factors, such as sto Less