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#010: How to Identify and Eliminate “Cash Flow Eaters” in Inventory

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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.

Cash flow challenges often send retailers scrambling to boost traffic or launch sales, but those fixes are just band-aids. In this episode, Cathy dives into the core issue: Cash flow eaters lurking in your inventory. She reveals actionable strategies to identify and eliminate these silent profit killers while keeping your margins intact. If you're ready to stop letting your inventory drain your cash and start running clearance sales the right way, this episode is for you.

What You’ll Learn:

  • Understanding cash flow eaters in your inventory
  • How to categorize stock using the Good, Bad, Ugly framework
  • Shift your mindset: clearance sales are a smart strategy.

Key Takeaways:

  • [01:25] The “band-aid” and “crutch” of storewide sales and their hidden costs
  • [09:55] Why inventory is like a banana, not a fine wine
  • [11:05] How to categorize inventory into Good, Bad, and Ugly. and why it’s crucial.

Resources and Link:

Have questions? Reach out via email!

Action Steps for Listeners:

  1. Calculate your inventory at retail and ensure it doesn’t exceed half your annual sales.
  2. Organize your sales inventory using the Good, Bad, Ugly method.
  3. Commit to running a clearance sale the right way to eliminate cash flow eaters without destroying your margins.
  4. Share this episode with a fellow store owner who needs to hear it!

Remember, you deserve to be a richer retailer in every sense of the word. Keep moving forward, and know that you are astonishingly fabulous!

  continue reading

12 episoade

Artwork
iconDistribuie
 
Manage episode 458199869 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.

Cash flow challenges often send retailers scrambling to boost traffic or launch sales, but those fixes are just band-aids. In this episode, Cathy dives into the core issue: Cash flow eaters lurking in your inventory. She reveals actionable strategies to identify and eliminate these silent profit killers while keeping your margins intact. If you're ready to stop letting your inventory drain your cash and start running clearance sales the right way, this episode is for you.

What You’ll Learn:

  • Understanding cash flow eaters in your inventory
  • How to categorize stock using the Good, Bad, Ugly framework
  • Shift your mindset: clearance sales are a smart strategy.

Key Takeaways:

  • [01:25] The “band-aid” and “crutch” of storewide sales and their hidden costs
  • [09:55] Why inventory is like a banana, not a fine wine
  • [11:05] How to categorize inventory into Good, Bad, and Ugly. and why it’s crucial.

Resources and Link:

Have questions? Reach out via email!

Action Steps for Listeners:

  1. Calculate your inventory at retail and ensure it doesn’t exceed half your annual sales.
  2. Organize your sales inventory using the Good, Bad, Ugly method.
  3. Commit to running a clearance sale the right way to eliminate cash flow eaters without destroying your margins.
  4. Share this episode with a fellow store owner who needs to hear it!

Remember, you deserve to be a richer retailer in every sense of the word. Keep moving forward, and know that you are astonishingly fabulous!

  continue reading

12 episoade

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