Results of poor open to buy planning or no planning can be quite costly and generally lead to inventories that are out of balance.
Items in a classification must be kindred, having the same end use such as similar markup and turnover goals, as well as like selling patterns.
Fewer customers buying less translates to lower sales volume, but so can your store’s approach to sales and inventory forecasting.
Equipping a store with retail display fixtures can swallow a sizable chunk of any retailer’s budget. Yet as retailers swap inventory in and out, associated display fixtures are also frequently changed. Mick Thaxton, national sales manager of Newood Display Fixture Manufacturing, confirms, “It used to be people would replace fixtures every two or three years, […]
Independent Retailer’s print publication produces greater readership and response.
As reported in Industry Retailer’s June 2010 issue, most brick and mortar retailers felt the effects of a sluggish economy. The result was reduced inventory. Ultimately, low stock led to remodeling, in an effort to dismiss the barren shelves as nothing more than a cleaner appearance to customers. Economic remodeling, however, wasn’t successful for all. […]
A new report by RSR Research has identified seven tenets of modern merchandising that retailers might want to consider in their marketing plans. Titled “Defining Twenty-First Century Merchandising: Benchmark 2010”, the report is based on a survey of nearly 100 retailers conducted last summer. “The retail thought-process has genuinely and irrevocably changed,” says Paula Rosenblum, […]
Retail store owners certainly understand the importance of dependable store fixtures. Durability is critical, but so is style, as you’re looking for the optimum way of displaying your goods. Chances are you also want something that requires minimal maintenance. For all these qualities, many retailers are turning to acrylic when redesigning their store’s interior. Acrylic […]
Aspiring retail industry professionals have the availability of a new applied certificate program, designed to advance their careers at Drexel University’s Goodwin College, in conjunction with Drexel’s Westphal College of Media Arts and Design in Philadelphia. It is a six course, 18 to 20 credit program. The schedule is flexible, to enable the working professional […]