.png)
Introduction:
This week, Jay Goltz tells William Vanderbloemen that even with an inventory glut, a cash crunch, and a weakening economy, he’s not going to stop buying goods for his home store: “It’s kind of like cutting Samson’s hair,” Jay tells us. “I don’t want to mess with telling the buyer, ‘Stop buying stuff.’ Because that’s the business we’re in.” All of which has Jay feeling some pressure, but he’s very glad he’s been maintaining a credit line equivalent to 10 percent of sales. Plus: William explains how hiring can go wrong even at a staffing company and how he managed to raise his prices without actually raising his prices.
— Loren Feldman
