I just don't get it. After reducing payroll by over 500 employees, the bottom line profits must be up. After all, we budget for some losses at the customer level and we still get at least 50% of all new RFPs. Margins have slipped but that was expected due to lower text book sales. Bottom line is we are all paying too high commission to the schools and we ( us and Barnes) either start dropping the rents or we will kill the market.
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Wow! not good.
It doesn't help margins when your manager has an agreement with the athletics department that gives them 50% off all general merchandise. But I guess the perks he gets on the side make it worth the trade off for him and he doesn't have to pay commission on those sales, that makes him very happy. The thing that pisses me off is GM is my area and it throws my numbers off and I'm held accountable not him.
Oh wow. that's a lot. Other stores are not as high a %.
we were just taken over 14 %
What is the average % paid?