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#008: The Hidden Costs of Inventory Hoarding

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Manage episode 455745200 series 3622588
Content provided by RETAILMavens. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RETAILMavens or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

From inventory that overstays its welcome to cash flow struggles, this episode unpacks the hidden costs of holding onto unsold merchandise. Learn how bold markdown strategies, efficient inventory turnover, and a shift in mindset can transform your profits and free up cash to reinvest in your best sellers.

What You’ll Learn in This Episode:

  • Why holding onto slow-moving inventory is costing you more than you realize.
  • The benefits of bold markdown strategies and cash flow reinvestment.
  • How to identify best sellers and maximize inventory turnover for higher profits.

Key Takeaways:

  • [03:28] A story about the real cost of keeping lazy inventory.
  • [07:28] Strategies to turn stale inventory into cash flow.
  • [09:55] How a mindset shift about markdowns increases profits.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the Retail Mavens community at retailmavensfb.com to brainstorm ideas and gain support from fellow retailers.

Thanks for tuning in to Richer Retailer, where we help you build a business that serves your life. See you next time, and remember: YOU ARE LOVED!

  continue reading

12 episoade

Artwork
iconDistribuie
 
Manage episode 455745200 series 3622588
Content provided by RETAILMavens. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by RETAILMavens or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

From inventory that overstays its welcome to cash flow struggles, this episode unpacks the hidden costs of holding onto unsold merchandise. Learn how bold markdown strategies, efficient inventory turnover, and a shift in mindset can transform your profits and free up cash to reinvest in your best sellers.

What You’ll Learn in This Episode:

  • Why holding onto slow-moving inventory is costing you more than you realize.
  • The benefits of bold markdown strategies and cash flow reinvestment.
  • How to identify best sellers and maximize inventory turnover for higher profits.

Key Takeaways:

  • [03:28] A story about the real cost of keeping lazy inventory.
  • [07:28] Strategies to turn stale inventory into cash flow.
  • [09:55] How a mindset shift about markdowns increases profits.

Resources & Links

Have questions? Reach out via email!

Listener Action Steps

  1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
  2. Loved this episode? Leave us a 5-star review to help more retailers find us!
  3. Join the Retail Mavens community at retailmavensfb.com to brainstorm ideas and gain support from fellow retailers.

Thanks for tuning in to Richer Retailer, where we help you build a business that serves your life. See you next time, and remember: YOU ARE LOVED!

  continue reading

12 episoade

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