I’ve had this print on my wall for more years than I care to count. I found it fascinating back when I bought it and it still rings true, especially with the world in chaos as it is now. We will get back to normal, but it will be a long road. And even then, the world will be a different place.
For retailers, once you are back open, the rules will be new for at least a period of time. So will your merchandising as you go forward. The one constant will be your need to have an open to buy plan that will guide your buying and insure your success. Based on the sales you expect in the coming months and the turn rates you wish to achieve, your open to buy plan will develop ideal beginning monthly inventories in each merchandise department and a buying plan to get you where you need to be. Whether you’re working with reduced traffic flow or a store full of shoppers, open to buy will give you the answers.
Yes, it will all be new going forward, but with open to buy planning, you’ll be insured of success no matter what.
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.
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