James Graven case study video
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Thank you for the brilliant presentation, it was a great help
and what we took on board will be very useful to us, all in all
absolutely first class information. The presentation given on site
at Mega Filling Station here in Sheffield took only about one hour
and it was without doubt one of the most productive hours we have
spent this year or last. It opened our eyes to a number of issues
that we had perhaps missed whilst bogged down in the day to day
running of the site. It was a brilliant presentation and I would
advise anyone in the business to spend one hour and use the
presentation to benefit their business as we have done. A big thank
you from us.
John Walker / Mark Elliott
Mega Filling Station
The figure of £12,480 increase were correct, so much so we
purchased a second POS!
Chris Cundall
Londis East Preston
We have definitely seen an upturn since Torex visited in June,
not only by percentage increase, but also in managing the system
with the correct reports. The Torex team live and breathe this
system and their attitude has definitely assisted the shop manager
and the site in general, no retailer should resist this
training.
Peter Dutton
Three Arches Services
I would like to thank you for the valuable help and advice. The
Profit Clinic consultation and presentation was certainly one of
the most valuable hours spent making me more aware of the Prism
reports and how to gain a valuable insight into how each department
in store is really performing and how to improve them. I'm sure any
retailer could gain valuable information, the hour spent could turn
out to be my most profitable this year. Thanks again.
Phil Cox
Harbour Stores
I was put in touch with Torex through another Londis store, who
had informed me that they could increase my margin by 2%. Now I did
not believe him as I have had the Torex system for over 6 years and
I know everything about the system and I suspected what he was
going to tell me was nothing I did not know already. But was I
wrong, they have shown me how to increase my margin by 2.5% in
fact, it doesn't sound like a lot but its enough of a saving that
can pay for a holiday twice over.
Jeeta Bhadal
Londis Woodhouse
The knowledge has been so valuable to our business. We have been
trading for twenty years now but the Torex team taught us so much
on each visit. We thought we knew it all after twenty years. We
have spent the last week correcting our stock prices to match our
margin after being shown how much we were loosing!!! We still can't
believe any were on a loss never mind forty eight A4 pages. To sum
up I would call Mike (Torex Business Consultant) 'small but mighty'
and a bag of knowledge and we are grateful for his input in our
business.
Irene and Tony O'Neil
Londis Crossgates
Having bought the Torex IT system and attended the initial
course it is all too easy to concentrate on the daily grind of
inputting data and forgetting the need to monitor margins and Torex
was able to graphically show the folly of this. At a time when
store overheads are increasing rapidly it is vital that all areas
of the POS and back office systems are geared up to provide
considered and healthy margins across the store. Thank you to Torex
for visiting my business, I look forward to further visits.
Graham Hawtree
Riverside Garage
I first listened to the Profit Clinic presentation at an RMI
Forecourt road show in Exeter, and heard it again at a regional
Londis cluster meeting. Following that we invited Torex to our site
to look at our own pricing strategy. The Torex team are clearly
passionate about pricing and the style and enthusiasm make you sit
up and listen to what they have to say.
We are all retailers, we all know how to manage and market our
own businesses, but we were encouraged to go back to basics and
question the ideas and long-standing beliefs we have cemented in
our minds regarding pricing. We all have ideas of how to pitch the
price of different categories and products but the clinic
challenges to think and question whether those ideas remain
relevant in this current economic climate.
The overall point of the presentation and site visit is to help
you make money. But, to do this, Torex is not suggesting you need
to make fundamental changes to your business or invest in new
technologies, but simply suggesting you need to think about your
pricing. This is nothing new, and it all boils down to optimising
your pricing to maximise your profitability. It is the age-old
balancing act between pricing high enough to boost margin, but low
enough to promote volume.
You may think you know your own shop, but you will be surprised.
There are many ways in which you may not be pricing at the optimum
to maximise profit. Being encouraged to think again about your
customers, your local competition and your offer, you think more
carefully about your pricing.
You know your own business better than anyone else, but the
industry is changing, as well as the expectations of your customers
and Torex reminds us to keep in control of our prices and
margins.
We are in the middle of a difficult and challenging economic
climate. These are testing times and we are all focusing on running
our businesses. It is all too easy to be focused on day-to-day
activities and forget the basics. It is sometimes necessary to take
a step back and think critically about our business and market. It
is sometimes necessary to question our overall pricing strategy for
the store as well as strategies for each category and individual
lines.
We recently changed our prices throughout the store and employed
some of the strategies suggested. We had not kept up to date with
all the price rises implemented by suppliers and found our margins
on key lines had shrunk. It is too early to quantify the impact of
the changes we made, but it is safe to say we should have looked
into our margins earlier.
You may think you know your own store and you may think your
pricing strategy for each department is justified, but invite Torex
into your shop and you will be surprised at what they will find and
how much additional profit they can make for you.
Charles Richard
St Blazey Service Station