Retail Adventures

JANUARY 20, 2021

Just because you fell in love with that item when you saw it at the last trade show you attended it doesn’t guarantee it will sell once it hits your sales floor. Let’s take a look at the things you can do to move merchandise that isn’t selling: What’s your turn? To improve your turn rate you must closely control your inventory.

Markdowns 98

Markdowns Inventory Turnover Returns Planning 98

Wiser

MARCH 14, 2025

The Complex Role of a Category Manager Category Managers sit at the center of a high stakes balancing act. At the same time, Category Managers are responsible for identifying new product opportunities, phasing out underperforming items, and ensuring the right assortment mix to maximize sales. Every product decision carries weight.

Management 78

Management Inventory Turnover Promotions Markdowns 78

RETAIL MANAGEMENT SOFTWARE

MARCH 11, 2022

Tracking your inventory will provide you with the data necessary for these insights. Use and analyze the past seasonal orders to determine how to price products- By using the data, look at previous seasons to guide your pricing decisions. Plan before buying your inventory- Use your data to determine what you should order.

Inventory Management 111

Inventory Management Management Inventory Turnover Drop-Shipping 111

Retail Smart Guys

MARCH 15, 2023

It is not enough to keep filling up your stores, as it can only result in heavy markdowns, slow inventory turnover, higher operating costs, and disruptions to cash flow. 5 Don’t be afraid to markdown It is a common misconception that having markdowns equates to poor sales.

Markdowns 52

Markdowns Inventory Turnover Operating Expenses Planning 52

Retalon

FEBRUARY 10, 2022

So, a retailer who wants to gain the competitive edge while avoiding undue losses, needs to be able to spot the indicators of bad inventory and know how to fix them at the root. What is bad inventory called? What is bad inventory called day-to-day? Indicators you’re managing bad inventory. Drastic Markdowns.

Management 41

Management Inventory Turnover Inventory Management Dead-Stock 41

Retalon

FEBRUARY 15, 2022

What’s more, you’re able to buy enough inventory to meet demand without being left with overstock. Inventory/supply chain. Demand forecasting at store/SKU levels leads to better allocation of inventory across the entire business from the start. Let’s take a look at what those are. Reduced markdowns.

Markdowns 41

Markdowns Inventory Turnover Fulfillment Accounting 41

Retalon

FEBRUARY 24, 2022

Open to buy (OTB) planning lets you control inventory and stay cash flow positive. Other benefits of OTB management include: More flexible inventory. Fewer markdowns. Essentially, OTB is a purchasing plan which takes into account current inventory levels and projected sales for a set time period. Optimal stock levels.

Markdowns 41

Markdowns Inventory Turnover Accounting Planning 41