Sunday, February 28, 2016
naughty, nasty & nice
Toys are at a negative margin currently. Toys are a margin generator department. Minimum also 30%. I think Jonas is also not so sure on how to run the Toys business yet.
During my time…if my memory serves me correctly…outright & consignment toys are at 50% equal footing. Now, to quick fix things very quickly…is to bring up the consignment toys participation to 70%, that will ensure that the margin will improve, and it will also help the buyer to buy some time to fix the outright stocks. Go and benchmark Mr. DIY’s merchandise. Their range is really good. If they can improve on their packaging, the toys is just as good enough to sell in a departmental store.
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