Retail Smart Guys

SEPTEMBER 12, 2023

When it comes to inventory management, it’s easy to get lost in spreadsheets, logistics, and technology. People skills in inventory management play a pivotal role in ensuring the efficient flow of goods, maintaining team morale, and fostering strong customer relationships.

Inventory Management 105

Inventory Management Management Markdowns Customer Retention 105

Wiser

NOVEMBER 29, 2023

Trade spend is employed in trade promotion in several ways: Discounts and Special Offers: Brands often provide markdowns on their products to retailers. It’s a powerful tool that, when managed intelligently, can greatly contribute to a company’s success.

Promotions 146

Promotions Consumer Wholesale Advertising 146

V Count

OCTOBER 5, 2022

Being competitive to draw clients while making sure the retail store makes enough money from each sale is how profit margins are managed. When possible, avoid markdowns because they are good for decreasing profits. Initially, work on a better inventory management system. Focus on customer retention rather than acquisition.

Customer Retention 52

Customer Retention Markdowns Bundled Pricing Net Profit 52

Retalon

AUGUST 5, 2020

Throughout the history of retail, success and failure has come down to how well a company manages — and profits from — its inventory investment. Inventory management teams calculate the In-Stock Percentage by dividing the number of stores that have a SKU in stock by the number of stores that should stock that SKU. In-Stock Percentage.

Inventory Turnover 41

Inventory Turnover Promotions Merchant Services Markdowns 41