A)Stew Leonard’s is a large Connecticut based(now expanded) Chain of Dairy and other food products, wine etc. Store with a large clientele. But Stew Leonard Sr. went to jail in the 1990’s.
1. Why did he go to jail. What were the accounting and financial issues? Did any have to do with inventory and what happened with inventory?
2. One of the major problems in retail stores today is theft. What controls do retailers use to contain the problem? Give examples from your visits to stores.
3. What other kinds of controls would you suggest?
B) What does it mean to consign inventory. What would be some of the reasons that a Merchandiser would agree to consign inventory?