What sort of word is this? According to Wikipedia, beverage is used to describe a drink that has been prepared for human consumption. Perhaps a bottle of Evian is in and a sup from the tap is out! According to the Concise Oxford Dictionary, beverage comes from the Latin, bibere, by way of the Old French beuvrage. In the COD it is listed next to bevy (plural bevies) but my edition only allows that to mean a flock of quails or larks; or a company of group of women; and not a few beers! My only problem with the word beverage is that it just does not sound great, it does not sound liquid, and it does not sound refreshing. The beauty of the word- for local retailers - is beverage mostly comes with high margin potential. As Mark Sterratt of gsk recently told Retail Newsagent, "You'd need to sell three packets of crisps to get the same profit as one soft drink."
Retailers need to introduce new products to provide their shoppers with "good news" and to generate interest. But for each new product that you introduce you need to consider delisting an existing line. Easy, you might think. I will just print out the list of products in the category and take off the one with the lowest sales. However, if you do this research from the US suggest you might be wrong. What you need to consider is what sort of demand you have for each product, a white paper by Demand Tec, a US specialist software provider shows. It says that there are two kinds of sales: incremental sales, when products add to the total shopper spend and are not readily substituted by another item transferable sales, where shoppers find an alternative easily when it is not available. Using its software, it shows a category with 50 products from top seller to bottom seller. At the same time it also measures the incremental sales each product provides. The number 50 in ove...
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