newsXpress is reviewing the performance of several newsagencies which joined our group in the last three months of 2008 and which have embraced newsXpress exclusive offers. The results are staggering.
In one store we are seeing an improvement in gross profit of 20% in the first three months of 2009. Most of this is from new categories we have introduced to the business.
Another new newsXpress member is reporting increasing gross profit from around $1,000 to close to $10,000 in a category they previously ran in the traditional way. Last year, newsXpress introduced new suppliers and significantly better margin – driving the reported improvement in profit contribution.
The key to achieving such excellent results is engagement. We have several key product category offers backed by management strategies which will be successful. The key message we repeat around these offers is trust the process. Those who do trust the process have more money in the bank as a result.
This is another example of the newsXpress difference. We are happy to share specific location details, with permission, with prospective newsXpress members.
