This is Quora question I was asked about how much does Target mark up its items.Not including produce, on average Target’s margins in my experience are 25–30%.I use margins and not markup because in the industry, margins is what is used and they are computed off of suggested retail price (SRP or MSRP). So, for [...]
How many products sold represent a good “market test” prior to taking a product to a large retailer such as Costco, Walmart or Target?
Text of video is below. This is a Quora question I was asked and here is my answer. Actual number of products sold is not how these large retailers decide on bringing in new products. It is more about asking: Where else is the product selling and is it successful; Is the product ready [...]
A question that I was recently asked is what are deduct from invoice fees with retailers? For dietary supplement products, what are deduct from invoice fees associated with doing business with Walmart, Target and club stores like Sam's, Coscto and Bjs; how about for grocery chains like Safeway or drug stores like Walgreens? To clarify [...]
I would like to know the process of getting a CPG product into retail stores like Walmart and Target. This is a Quora question. My answer is as follows: Here's the best way to get a product in if you are a new company or have never sold in retail before: Your product has prior sales [...]