It’s really quite simple. When a product is sold, a percentage goes to your vendor, a percentage goes toward overhead, and the remainder is your profit. It’s all good if you sell through at full price, but once you start taking MARKDOWNS, the contribution to overhead is lost and so are your profits. You can cut way down on markdowns by using OPEN TO BUY planning which will create a buying plan to support your sales at the TURN RATES you desire.
Turning your inventory investment more frequently means more money is contributed to overhead and PROFITS. So, simply put, the more you turn, the more you make! Retailing is a juggling act where you try to sell the maximum amount of merchandise with the smallest possible inventory. So, your buying needs to be precise and right on target. This is what open to buy is all about. With a specific dollar buying plan in each merchandise category, you will be forced to be a better item selector. The right items in the right quantities will make your store a financial winner year after year. 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?
#opentobuy #myotbplan #retailsuccess #reducemarkdowns #stopoverbuying #retailbuyingplan #knowhowmuchtobuy #improveturnover