The highest margin departments
in the store are heavily reliant upon impulse purchase, so "food marketing" is incredibly critical to the success of the retailer.
Previously, he served as executive vice president and manager of the Fixed Income Department at Waterhouse Securities in Beverly Hills, where he managed new accounts and fixed income trading as well as the IRA and margin departments
During the quarter, we also experienced sales increases in Easter merchandise and higher margin departments
such as custom framing and floral services.
Continued emphasis on increasing sales in higher margin departments
and reducing sales in lower margin departments
, opportunistic purchasing at favorable prices of closeout merchandise and manufacturers' overruns, and strong consumer acceptance of the Family Dollar brand label merchandise program positively impacted the gross profit margin.
Adjustments continued to be made to the merchandise mix to emphasize sales in higher margin departments
, particularly apparel and other softline categories.
Under his new role, Bernier manages the Bank Deposit Program, Cashiering, Electronic Funds, IRA and Margin departments
, which include nearly 50 associates.
Gross profit margins continued to be favorably impacted by adjustments to the merchandise mix to emphasize sales in higher margin departments
such as apparel.
The gross profit margin has been favorably impacted by adjustments to the merchandise mix to emphasize sales in higher margin departments
, opportunistic purchases of merchandise from suppliers at closeout prices and expansion of multi- zone pricing in which different prices are used in selected locations based on competition and other market factors.
Our comparable store sales have remained strong, while our gross margins continue to improve through effective purchasing and expansion of higher margin departments
6% in last year's third quarter, primarily due to an improved merchandise assortment and strength in sales from higher margin departments