Understanding & Improving Cost of Good Sold

Store profitability for all brick and mortar retail hinges on razor-thin margins. Easily the largest expense is for cost of goods sold. In this session we'll teach you how to determine what your cost of goods sold (COGS) actually is, and look at several ways that you can reduce your COGS through smart buying and inventory management, potentially producing profit or freeing up some cash to help you reach other important goals. Presented by Carol Price, Co-Owner, BookPeople of Moscow & Candice Huber, Owner, Tubby & Coo’s Mid-City Book Shop, with thanks to the Professional Booksellers School.