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Retailers are well aware that having too much inventory in the wrong store, or not enough in the right one, affects not just sell-through but labor costs and storeoperations. These mismatches also create the need for either markdowns or additional shipping costs to get the products to where they are more likely to be sold.
While the retailer incurred additional expenses from associate bonuses and other COVID-19-related expenditures, Dollar General was able to reduce markdowns, on top of benefiting from increased purchase volume. Unlike some other retailers , Dollar General’s selling, general and administrative (SG&A) expenses actually dropped, to 20.5%
Log on to social media, buy advertisements, post notes on your door, and spread the word that you’re coming back. 4: Use Promotions and Markdowns to Move Seasonal Inventory. Instead, a lot of that has been left sitting in the back of stores or warehouses and needs to go somewhere once you open again.
StoreOperations 27. Don’t wait too long to take a markdown. Use your bag stuffers to advertise specific product, events or whatever is important that week. Keep a stash of frequently forgotten items at the cashwrap. Now, when a customer says, “I forgot to get _, I’ll get it next time.”
StoreOperations 27. Don’t wait too long to take a markdown. Use your bag stuffers to advertise specific product, events or whatever is important that particular week. Keep a stash of frequently forgotten items at the cashwrap. Now, when a customer says, “I forgot to get _, I’ll get it next time.”
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