PROFIT/Chatelaine W100

PROFIT W100 Sponsors

#60

Nancy Mudford

CEO
Spa operator and cosmetics e-tailer

Company Profile

Company: Spa Boutique Ltd. Head Office: Vancouver Website: www.spaboutique.ca

Company Financials

3-year revenue growth (%): 422 Revenue: 2-5M Employees: 24
Revenue from Exports (%): 0    

Spotlight

Never run out of cash: Spa Boutique keeps its inventory as lean as possible, ordering on demand as needed. Mumford says this financing tactic keeps the firm’s cost of goods sold in line with current sales. Spa Boutique also maintains a healthy cash flow by negotiating extended payment terms with most of its suppliers so the company can sell the goods before the invoice comes due.