11:01 AM in Toy Fair by admin
Not sure whether you should trek to Toy Fair 2011? Watch the following TDmonthly videos to see what types of great new toys you could be missing by nestling home in February. If you were at Toy Fair from 2006 to 2010, your store could have been the first to feature such award-winning and hot-selling products as Hexbugs, ZipBins, Zoobies and Wild Creations’ Eco-Aquariums.
Absolutely can’t make the show? Don’t worry. TDmonthly‘s video crew will be at it again, combing the aisles of Toy Fair and bringing back videos of products that could make your toy store the #1 place to be in 2011. Just be sure to check back in February and March 2011 to see the best of Toy Fair from your computer.
See all the selections here: http://www.toydirectory.com/monthly/article.asp?id=4375
9:02 AM in Shop Talk by admin
By its very nature, inventory restricts cash flow.
“A basic inventory at retail price should show you have no more than (twice) your amount of sales for any given month.” — Bob Phibbs, the Retail Doctor
“Inventory is the least liquid of all current assets and can tie up your cash indefinitely,” says Rosemary Peavler, retired college professor of Business Finance. A substantial sum of money might be sitting in the form of product on your shelves or in your warehouse, waiting to be bought. Until it is, the cash is unavailable. Yet, you don’t want to be out of stock and unable to satisfy customer demand, because this also impacts cash flow.
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8:58 AM in Shop Talk by admin
If you own a specialty toy store, you know you have to scour the globe for unique merchandise. You know you have to gift wrap and give great customer service. You know you need to hold events and other activities — both online and off — to bring people into your store.
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