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Retailers Reveal #19: Mandeep Singh – Doing Deals

WHAT’S THE SALES INSIGHT?

You’ve got to go out and do deals: be cheeky and buy cleverly. If you’ve got a half-decent store you’re a valuable customer to your wholesaler and have room to bargain. I ask: “What can we do for £1 that’s branded and a good deal for customers?” We’ve been concentrating on £1 items like four-packs of Toffee Crisp or Mars bars, making 20% from them and selling nearly £1,600 worth a week.

MANDEEP SAYS
“I spent £1,280 on stock per week
I made £320 profit”

 

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