Retail franchisees need to look at ways to reduce costs to get their 2011 trading off to the best possible start, following a subdued Christmas. That’s the advice of Business Development Company operations director Jack Sakalis, who has more than 27 years of retail experience. Sakalis has owned and operated family businesses for many years and has held senior positions with Coles Myer, Baskin Robbins, Wendy’s and Cookie Man, with roles including franchisee, area developer, regional manager and general manager.
Sakalis is urging retailers to use this period to investigate costs and start 2011 in a strong position. “Now is the time to take control of non fixed costs and get them down to a minimum” he said, and this means having a good hard look at payroll and stock levels.
Retail Franchises Advised To Take Action On Costs Now
January 28, 2011 by Cris | 1 Comment
In Basic Guidelines, Law & Agreements, Finance, Franchisees, Franchises, News
Kim Kash on January 28th, 2011 at 4:45 pm
Why would anyone take any advice from Jack Sakalis? He’s one of the executives in charge at Allied Brands when they ripped off Korean and Indian migrants, illegally sold migrant visas, saw million$ in missing advertising trust funds, and finally ran Allied Brands into the ground. Sakalis was one of the key culprits in the collapse of this rogue franchisor.