Gross profit is the difference between sales and cost of goods sold, which is the difference between the cost of goods available for sale and the ending inventory. Companies typically do a physical ...

Kelly Main is a Marketing Editor and Writer specializing in digital marketing, online advertising and web design and development. Before joining the team, she was a Content Producer at Fit Small ...

There’s no magic formula for knowing how much inventory to carry, but there are best practices and calculations to follow. Many, or all, of the products featured on this page are from our advertising ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Learning how to manage inventory ...

August 11, 2014 at 11:47 AM EDT By By Ken C. Hicks, Chairman and CEO, Foot Locker, Inc. Today’s retail customer shops in a number of different ways — online, through their mobile devices, in stores, ...

Steven Nickolas is a writer and has 10+ years of experience working as a consultant to retail and institutional investors. Eric's career includes extensive work in both public and corporate accounting ...

Can a POS system with inventory management help your business? Most definitely. Given that retail is largely about selling physical goods, the products that you carry in your store serve as the bread ...

Business.com aims to help business owners make informed decisions to support and grow their companies. We research and recommend products and services suitable for various business types, investing ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...