LCR in Connecticut chooses Solarek to design retail website selling home goods
LCR Collection, which has two stores in Connecticut (Westport and West Hartford), selected us to design, build, and maintain their website. The two images above are the initial design choices. LCR chose the design to the right.. Please visit their website as we continue to update it: www.lcrcollection.com/
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January 10, 2008
January 10, 2008
Discounting and Margins on Home Goods Products
The retailer LCR Collection called me today and expressed its concern that many customers request discounts. This discount is often 10%, and the store offered an idea to protect the retailer's margin: instead of retailers charging 100% of wholesale, they should charge 120%. In other words, a $50 wholesale product would not retail for $100 but instead be $110. This would allow the retailer 'space' to discount the item by 10%, and keep their margin.