Cost of Goods Sold COGS

What is COGS? The Ultimate Beginner’s Guide for Retailers

Menno Bouma E-commerce, Retail Leave a Comment

Cost of Goods Sold (COGS) is a crucial financial metric for retailers to understand and manage effectively. It directly impacts the profitability and sustainability of a business. This comprehensive beginner’s guide will walk you through the concept of COGS, its importance, calculation methods, and strategies for reducing COGS to improve profitability. By the end of this guide, you will have …