5 Ways to Turn Excess Inventory Into a Marketing Opportunity

Supplement Sales with Liquidation Merchandise

Every retailer has dealt with excess inventory in some capacity. You know, that purchase you were excited about, but your customers didn’t feel was a good deal? The one that has been sitting on the shelf getting price reduction after price reduction, but just isn’t moving? Many retailers walk away from such purchases and consider them a loss, but they don’t have to. The following solutions offer five ways to clear slow moving inventory, while creating marketing opportunities for your business. [Read more]

5 Must-Have Tech Tools for Retailers

5 Must-Have Tech Tools for Retailers

When it comes to growing a retail business, everyone can use a little help. Fortunately, there are numerous apps, software programs and tools that can help merchants manage everything from inventory to staff. Below are five must-have tech tools for retailers. [Read more]

Tech-Savvy Retail Management

Tech-Savvy Retail Management

By Adam Kinsey The modern retailer needs some technological prowess to maximize profits and efficiency. However, some of the most useful technology seems to be an unattainable mess of acronyms and jargon. Two types of management software a retail owner should consider using are ERP (Enterprise Resource Planning) and EAI (Enterprise Application Integration). These programs [...]

How to Source Returned, Overstock and Refurbished Items Online

IRdresses

By Rob Caskey, VP Marketing, Liquidation.com Many independent retailers rely on local wholesale outlets or tradeshows to purchase their goods. Another efficient option is to tap into trusted online sites that sell returned, overstock and refurbished items—aka the secondary market. There are numerous benefits to sourcing these types of products online, including greater product range, [...]

Retail Businesses Need a Proactive Action Plan

retail cash flow

Look for an advisor who has industry experience, understands your situation and can provide you with a concrete action plan. [Read more]

How to Improve Cash Flow

Business marketing

Strong, positive cash flow is a must for any thriving retail establishment. The benefits of positive cash flow are numerous. [Read more]

Off-price Buying: Strategies and Pitfalls

Off Price Merchandise

When a store is able to procure off-price merchandise from a supplier, it can serve to generate several benefits. [Read more]

Predicting the New Year

Retailers, while not acclaimed fortune tellers, quite often are asked to predict the future. How much inventory must be purchased to meet demand? Will markdowns be required? How will the new selling year fare? Without proper analysis of your financial situation, these predictions are nothing more than uneducated guesses. Instead, retailers must perform a thorough [...]

Open to Buy Planning

The formula for open-to-buy (OTB, a financial budget for retail merchandising) planning is not difficult. To start, look at planned sales. Where do they come from? Most independents get into trouble right out of the gate, by getting this segment of the planning process wrong. A common, albeit incorrect approach, is to plan monthly sales [...]

The Importance of Proper Timing: Setting up Inventory Deliveries

Inventory Delivery

Establishing ideal delivery start and completion dates for inventory orders can be just as important as price points. [Read more]