You spend time and money trying to prevent shoplifting and employee theft. It’s a big problem. But it pales in comparison to what you lose from the MARKDOWNS you take on a regular basis. Not only do markdowns cost you your profit, but they also cost you the contribution to overhead that every item of merchandise must carry. You can probably live without some profit, but without the contribution to overhead you can’t keep the doors open.
You have to sell through at full price at least 80% of the merchandise that you put on your sales floor just to break even. So as you take more and more markdowns you are creating more and more problems for yourself. And to make matters worse, the markdowns are caused by the unnecessary inventory you purchased bringing excess invoices to add to your troubles.
The only way to stop taking markdowns is to buy the RIGHT QUANTITIES. The only way to determine the right quantities is with OPEN TO BUY PLANNING! You won’t believe the difference once you set up a great open to buy system. You will buy (and receive) the correct amount of merchandise in each category for sale at the right time. And because open to buy restricts the quantities you buy, it forces you to be a better item selector. WIN/WIN! Don’t let markdowns steal your profits. Let open to buy guide you to a better cash flow.
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 at or just fill out the no obligation Subscribe form online and we’ll call you. Why wait?
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