It’s really simple – as soon as you reduce your selling price, you cut off the contribution to overhead (needed to keep the doors open), and profits (needed to stay in business). How can you stop taking markdowns? That’s pretty simple as well – stop OVERBUYING! Of course, that’s easier said than done because of the pressure you face from reps with discounts, deals and dating, but also from the way you rush your buying and just indulging your ego and buying MORE.
The only way out of that trap is OPEN TO BUY PLANNING. It’s the best investment you’ll ever make in your store and the one that will return the greatest ROI. The reason is that open to buy is built on YOUR anticipated sales and YOUR desired turn rates – the two elements that drive your store. With open to buy, you’ll be receiving the right amount of merchandise in the right area at the right time. And that spells REDUCED MARKDOWNS and higher profits. All you need is the right open to buy system.
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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