Thread: Maplin stores
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Old 2nd Mar 2018, 12:03 pm   #200
bluepilot
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Join Date: Feb 2010
Location: Duffort, Gers, France
Posts: 713
Default Re: Maplin stores

Quote:
Originally Posted by David G4EBT View Post
They clung on to Doug Simmons original concept of selling electronic components, ignoring the 80/20 principle - that 80% of their turnover will be from 20% of the inventory. They'd have been better ditching all the stuff that we - as a tiny and reducing minority - are interested in
I'm not sure that would work. If they ditched 80% of the inventory then Pareto's principle would still apply to the remaining 20%. You need the 80% to make money from the other 20%.

Many years ago in my mis-spent youth I frequented a bar where the new owner came up with a similar idea. There were times when he had negligible turnover so he decided not to open then. But then he had negligible turnover at other times. In the end his opening hours were so short that he had no turnover at all and went broke.
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