Understanding Cost of Goods For the Mathematically Anxious

Understanding Cost of Goods For the Mathematically Anxious (June 11, 2024)
This session will teach booksellers how to calculate the cost of goods sold (COGS) and maximize gross profit/margin. Panelists will lay the foundation for an understanding of COGS so that booksellers can confidently compare their information to ABACUS data. During this session, booksellers will be given time to examine what they’ve learned and identify areas in their own business for better COGS management so that they can begin applying these concepts when they return to their stores.
Files & Links
Josh Christie, Print: A Bookstore - Portland, ME

Rebekah Rine, Watermark Books & Cafe - Wichita, KS

Tegan Tigani, Queen Anne Book Company - Seattle, WA

PK Sindwani, American Booksellers Association - Harrison, NY
Understanding Cost of Goods For the Mathematically Anxious

About ABA

The American Booksellers Association, a national not-for-profit trade organization, works with booksellers and industry partners to ensure the success and profitability of independently owned book retailers, and to assist in expanding the community of the book.

Independent bookstores act as community anchors; they serve a unique role in promoting the open exchange of ideas, enriching the cultural life of communities, and creating economically vibrant neighborhoods.


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