Franchising.net.au:

Retail franchisees need to look at ways to reduce costs to get their 2011 trading off to the best possible start, following a subdued Christmas. That’s the advice of Business Development Company operations director Jack Sakalis, who has more than 27 years of retail experience. Sakalis has owned and operated family businesses for many years and has held senior positions with Coles Myer, Baskin Robbins, Wendy’s and Cookie Man, with roles including franchisee, area developer, regional manager and general manager.

Sakalis is urging retailers to use this period to investigate costs and start 2011 in a strong position. “Now is the time to take control of non fixed costs and get them down to a minimum” he said, and this means having a good hard look at payroll and stock levels.

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