The Nice Find Wholesale warehouse is currently loaded with #seasonaloverstock. Please reach out Damian Polak or Kamil Krystopa directly or send us an email at sales@nicefindwholesale.com #b2b #returns #liquidation #discountstores
The #1 Reason Items Enter #Liquidation? Inaccurate demand forecasting by #retailers. Ever think about how much of a gamble it is to predict which products will fly off the shelves and which ones will just sit there? Forecasting demand is no easy feat. 📉 Retailers always want to stay relevant, and they predict consumer demand well in advance, which is huge undertaking. Consumer trends are always evolving, economic factors can shift unpredictably, and new product releases often impact the other product's demand. But that's not even the biggest challenges.... The biggest challenge always has, and always, will be #SEASONAL items. Seasonal items have a limited selling window. When retailers overestimate, they’re left with inventory that can’t be pushed past its season, leading to inevitable markdowns and, eventually, liquidation. The solution? 🤖 I believe the solution will come with technology. AI will help retailers predict consumer behavior more accurately, and robotics will help manufacturers product more efficiently at smaller scales. The goal? ♻ The goal is to reduce #overstock and work towards a more #sustainable, #circular retail environment. 🌱 🌍 Examples of seasonal products: holiday decorations, summer apparel, winter sports equipment, outdoor furniture, etc. #seasonaloverstock #closeouts #retailnews #supplychain