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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.” A new context can turn a stale item into a must-have.

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How to Start an eBay Store: A Complete Guide for New Sellers

Small Biz Trends

For small businesses, consider sourcing products from wholesalers or local retailers to ensure you offer unique items in your storefront. Use promotional tools available on eBay, such as markdowns, coupons, and volume pricing, to entice buyers. Consider running eBay promotions, like markdowns or limited-time offers, to attract buyers.

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ChainDrive vs. Competitors: A Full Comparison of Apparel ERP Solutions for Fashion Retailers

RETAIL MANAGEMENT SOFTWARE

Omnichannel Demand: Customers expect a seamless experience whether buying online, in-store, or via wholesale partners. Wholesale & Retail Integration: Many fashion brands operate both B2B wholesale and B2C retail, requiring an ERP that can manage distinct sales processes, pricing, and fulfillment for each.

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7 Tips for Wholesale Inventory Management

Independent Retailer

Wholesale inventory bloat, combined with a softening demand in the economy, is taking its toll on cash flow and earnings at retailers. . ” Here are 7 tips for retailers on how to better manage their wholesale inventory and get rid of some of that product bloat: Return for a Refund or Credit. Donate Excess Wholesale Inventory.

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Zone Pricing Takes On A Bigger Role During The Pandemic

Retail TouchPoints

Savvy retailers are focusing more heavily on determining demand by geographic zones, using local data to inform prices, promotions and markdowns based on real-time consumer behavior. If you look at grocery stores as an example, many retailers were forced to sell eggs at a loss because their wholesale costs increased dramatically.

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Eroding profit overshadows strong Nike sales performance

Inside Retail

Unfortunately, Nike is facing the headwind of slower demand for sneakers and apparel which is pushing down wholesale orders, driving up inventory, and necessitating more marketing and promotional efforts to drive volume. The sports retailer has reported full-year revenue of $51.2

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How Smaller Assortments, Lower Inventory Levels Can Maximize Post-COVID Success

Retail TouchPoints

By creating narrower product assortments and limiting inventory levels — especially for product shipments headed to brick-and-mortar stores —merchants would gain the ability to react more quickly to changing consumer trends, and even potentially reduce their need for markdowns.