Many retailers fill their store with wonderful merchandise and the more, the merrier. Because they love it and they know their staff and their customers will also. But look again and you’ll see that all that great merchandise is actually YOUR MONEY! You have to pay for it. You have to pay to house it. You have to pay to sell it. You have to pay to display it. And on and on.
So what happens if you don’t sell it. You still have to pay for it. You still have to pay your rent. You still have to pay your staff. And don’t forget that the reason you are doing this is to be able to pay YOURSELF!
So it is ultra critical that you buy the right quantities so each item will sell and allow you to pay your vendors, pay the rent, your staff and yourself. There’s only one way to do that and it’s open to buy planning. With OTB you will be developing a buying plan based on anticipated sales and desired turn rates so you have the right amount of merchandise to support your sales and give you a positive cash flow. This can only happen when you view your merchandise as your investment and use an open to buy plan to nurture that investment.
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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