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Since the global lockdown combined with health and safety measures forced many people to stay home, this gave many people more time to devote to hobbies - namely gardening and caring for houseplants. Research indicates that people were seeking to beautify their homes (inside and outside) and increase their mental and emotional well-being.
E-commerce platforms are the foundation of any online business and an important consideration for brick and mortar business owners looking to expand their reach to include online customers.
Independent grocers are significant, but under-recognized, contributors to the health of America’s economy. They generate over 1 million jobs and gross billions of dollars in wages and tax revenues and are responsible for 1.2% of the national GDP.
With dining out, traveling, and other discretionary spending off-limits for much of the last 16 months, consumers turned their spending sights elsewhere: their homes. Most of their money was allocated to long-put-off renovations, office additions, and new decks.
If you’re a business owner, at some point you’ve likely asked yourself, “What is a good inventory turnover ratio?” Indeed, it’s one of the most common and essential key performance indicators (KPIs) for businesses. For some other KPIs, check out Sekure’s recent article on the subject. This post provides an overview of inventory turnover and what makes it an important metric.