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Inventory Management Tips for Retailers to Reduce Overstock and Increase Profits

RETAIL MANAGEMENT SOFTWARE

Whether you’re selling sneakers, sofa sets, or fine jewelry, carrying too much stock ties up cash, eats up space, and leads to markdowns. Experiment with markdowns, flash sales, or multi-buy offers like BOGO or “Buy 3, Get 1 Free.” Why Overstock Is a Hidden Profit Killer Too much inventory may seem like a safety net.

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Rack Room Shoes names chiefs of digital, merchandise

Retail Dive

By Daphne Howland • Feb. You can unsubscribe at anytime. Sign up A valid email address is required. Please select at least one newsletter. Many will end up making them stronger. By Daphne Howland • Feb.

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Ikea wants to make smart home tech easier to use, more affordable

Retail Dive

Sign up A valid email address is required. Please select at least one newsletter. By Caroline Jansen • Oct.

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DICK’S Sporting Goods Launches New Outlet And Clearance Banners

Retail TouchPoints

DICK’S Sporting Goods is opening two new discount-focused store concepts: OVERTIME by DICK’S Sporting Goods and DICK’S Sporting Goods Warehouse. OVERTIME by DICK’S Sporting Goods locations will offer an assortment of apparel, footwear and equipment at up to 75% off.

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Puma sees 2023 profit at about last year’s level as costs weigh

Inside Retail

Rising materials and freight costs as well as stronger US dollar, inventory markdowns and higher promotion expenses have put pressure on margins in the sporting goods sector.

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Dick’s feels better about its 2022 outlook

Retail Wire

Dick’s Sporting Goods reported revenues of $3.11 The chain said its inventory position is in good shape, meaning that it will not have to engage in added markdowns to move merchandise. billion during the last quarter, above the $3.07 billion expected by analysts. That’s up from its previous guidance of $9.15

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The Merchandise Planning balancing act has never been more tippy

Inside Retail

For discretionary retailers – fashion, homewares, sporting goods and the like – the balancing act is harder. Managing new opening price points, discounts, markdowns, and the resulting final margins in an inflationary environment is a challenge not faced by Merchandise Planners in the past 20 years.