Aged Inventory Management: Freeing Up Cash to Buy New Items by Dick Abbott We’ve been talking about how successful jewelry retailers should focus on an inventory strategy that features: Rapid (weekly) reorders of your store’s Fast Sellers Balanced mix of items in fashion categories (Moderate Sellers) that add freshness to your cases An active plan to reduce your aged inventory (aging is category specific) We covered ... April 19, 2022 By Angela Chiaravalle Inventory 0 Comments Read now...
How Savvy Retailers Accomplish a Balance Between Fashion + Sell Through by Dick Abbott Amaze Your Clients on Every Visit Many of your customers visit your store regularly to see what’s new. Consumers are driven by the joy of discovering what’s fresh and different. They want to be the only one wearing the new necklace at the club. Successful jewelers stock a fresh set of ... March 22, 2022 By Angela Chiaravalle Customer, Inventory, Performance 0 Comments Read now...
Buying Smart to Increase Sales and Build Customer Loyalty - Dick Abbott Buying Smart to Increase Sales and Build Customer Loyalty by Dick Abbott Retail businesses are identified by what they sell. It is the product they sell that attracts the customers they service. Consumers buy shoes at a shoe store, blazers and suits at a men’s store, hammers and screw drivers at a hardware store; ... January 12, 2022 By Angela Chiaravalle Customers, Inventory, Marketing 0 Comments Read now...
Managing Inventory In Today's Retail World Forecast buying doesn’t work any longer. It may not have ever really worked well to manage jewelry store inventory but, before computers, increased competition, and shrinking gross profit margins, it seemed right. The better name for yesteryear’s inventory management style might have been “Splurge and Purge” and it may have been ... September 30, 2020 By Edge User Admin 0 Comments Read now...