Retail, Goods not for resale: How much value are you leaving on the table?
In tough times, retailers are always looking to increase operational efficiency and reduce costs. But there’s one place they seldom look hard enough: Goods Not For Resale (GNFR). GNFR typically represents around 25% of a retailer’s total operating cost, meaning that it accounts for 6% to 8% of revenues. Despite its importance, GNFR is rarely scrutinised in the same way as other costs such as instore labour – making it a major source of untapped savings.
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In tough times, retailers are always looking to increase operational efficiency and reduce costs. But there’s one place they seldom look hard enough: Goods Not For Resale (GNFR). GNFR typically represents around 25% of a retailer’s total operating cost, meaning that it accounts for 6% to 8% of revenues. Despite its importance, GNFR is rarely scrutinised in the same way as other costs such as instore labour – making it a major source of untapped savings.