WINMART
I, Highest Sales Products
1. Fresh Produce
- Sales Volume: Fresh fruits and vegetables typically generate significant revenue due to high
demand and turnover.
- Examples: Bananas, apples, vegetables.
2. Packaged Goods
- Sales Volume: Items such as canned goods, snacks, and beverages have consistent sales.
- Examples: Cereal, bottled drinks.
3. Dairy Products
- Sales Volume: Milk, cheese, and yogurt have high daily sales.
- Examples: Whole milk, cheddar cheese, Greek yogurt.
4. Meat and Poultry
- Sales Volume: Fresh meats are crucial for attracting customers, especially those who
prioritize fresh ingredients.
- Examples: Chicken, beef, pork.
II, Biggest Costs
1. Inventory Costs
- Description: This includes purchasing stock, managing spoilage, and loss due to theft or
damage.
- Impact: Inventory costs typically represent the largest expense, often exceeding 60% of total
revenue.
2. Labor Costs
- Description: Wages, benefits, and training for employees handling operations, customer
service, and inventory management.
- Impact: Labor costs can account for about 15-20% of total expenses, influenced by local
minimum wage laws and employee turnover.
3. Rent and Utilities
- Description: Costs for leasing retail space and utility expenses such as electricity, water, and
gas.
- Impact: These costs can take up 5-10% of total expenses, heavily depending on location.
4. Marketing and Advertising
- Description: Expenses related to promotional activities, loyalty programs, and advertising to
attract customers.
- Impact: These costs can range from 2-5% of sales, but effective marketing can significantly
boost sales.
5. Equipment and Maintenance
- Description: Expenses for refrigeration units, shelving, and maintenance of store
infrastructure.
- Impact: This can be a significant ongoing cost, averaging 3-5% of total expenses.