Make Sure the Stock Is Right This Holiday Season
If your customers see the perfect holiday gift this season and you are stocked correctly, they will need to purchase it and not procrastinate. That is the scenario that should happen if you have lowered your inventory and purchased only hot selling items. Most retailers are trying to keep inventories lean to handle the projected lower consumer spending. To be able to accomplish this, the most important tool you need is a comprehensive POS Software System that gives you quick and concise information to base informed purchasing decisions.
Last year most retailers had to deeply discount excess merchandise, leading to disappointing results. The opinion this year is less is better and you might miss some sales opportunities, but you want get burdened with inventory that has to be marked down. If a customer can’t find what they are looking for in the store, give them a coupon for a future purchase or let them make a special order with incentives.