Few managers have systems and processes in place to create consistency of operations:
Lack retailing skills including product selection, vendor management, inventory management, and merchandising.
Handmade signs, poor displays, and the wrong merchandise in the wrong place costs dealers thousands of dollars monthly in sales and profits.
Poor marketing skills in advertising, and promotions.
Lack skills in shift audits, journal tape and video camera audits
Lack understanding of the daily shift and sales reports and how they relate to growing the store sales
Lack skills in converting daily/monthly information to opportunity for sales growth
Many managers are not following recommended safety procedures such as:
Cash and drop controls
Site safety
Food safety and expired products removal
Vendors
Customer and employee theft controls
Robbery deterrence
Managers let vendors inventory their store which leads to:
Overstock
Reduced inventory turns
Poor selection of products
Vendor theft
Decrease of cash flow in the business
Incorrect pricing and product margins