While it’s hard to beat money in the bank, it doesn’t do much to help you with today’s almost zero interest rates. But it’s still better than investing in more inventory than you’ll sell. Doing that insures negative returns because of MARKDOWNS.
Any retail store can expect to sell only a certain amount of merchandise. Of course, you are always trying to push that sum higher, but sales and even increased sales are driven by promotion, sharp sales staff, displays and great item selection – NOT MORE INVENTORY! The right amount of inventory to support your sales will keep your excess dollars in the bank and your invested dollars working to bring you profits.
If more inventory was the secret to success, retailers would never fail, but they do and far to often. The retailers who succeed know that OPEN TO BUY planning is the secret to success.
myotbplan.com is the best open to buy system available! It’s easier, more accurate, more accessible, better supported, the only one that’s guaranteed and has no contract. You have nothing to lose and so much to gain. Call 310-829-5148 today with your questions or just fill out the no obligation Subscribe form online and we’ll call you. Why wait?
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