What is the issue faced by many retailers from large chain stores to independent retailers: Buying!
As you are placing orders for the SS or AW season, you must be having the following 2 questions in mind:
How can I make this buying process easier?
How can I maximise my profits on the stock I am buying – which is my number 1 asset?
Let’s focus on 2 key elements which will help you put more £ / € or $ in your pocket. Guaranteed!
You have the art of buying and you know what to buy, you now need to have the science part of buying which is “how much to buy” and “when to bring it in”.
Answering those questions as accurately as possible will put you ahead of your competitors and increase revenue while reducing stock.
So, what do you need to do to achieve better results when managing your stock?