If it’s not selling, “Mark It Down!” and move on. But when you do that, you might bring in enough to cover the vendor cost, but you lose your contribution to OVERHEAD (rent, staff, utilities, advertising, etc.) and your PROFITS. You won’t be in business very long on this path. If you’re borrowing from yourself, your bank, or others to help pay the bills, you are only digging yourself a deeper hole.
Climb out of that situation with OPEN TO BUY planning. OTB will develop a buying plan based on your anticipated (realistic) sales and desired turn rates. Buying according to this plan will keep your inventory at the right levels to satisfy your customers and keep your cash flow positive. MARKDOWNS only create “Sale Customers” and you want your customers coming in to see “What’s New?!” Open to buy will take care of your merchandise needs and allow you the time and resources to put your creative stamp on your store. You’ll be amazed at how easy and beneficial it is. You can do it, we can help!
myotbplan.com is the best open to buy system available! It’s easier, more accurate, more accessible, better supported, and the only one that’s guaranteed. We have no contract, you have no risk! 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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