Interesting insight from the CEO of #Bestseller India on the current challenges and opportunities in the industry…
As with many retailers and brands “inventory management” is a priority, the financial consequences of losing control can be disastrous (look at ASOS, Nike, H&M…)
"Because if the money is not rotating, then you are accumulating and blocking money. And in fashion, what doesn’t sell today does not sell tomorrow at the same price. And that’s when discounting goes up because you are elongating the cycle of sales just by accumulating inventory." 🎯
And it's not just about inventory value, but also how your inventory looks by category, broken down by age (0-8weeks/8-12 weeks/12-16 weeks,over 16 weeks…), NOOS/seasonal etc.
These are key indicators that measure how healthy or unhealthy is your inventory and also determines the depreciation (write-off) decision…
Retail is Detail ✅
#omnichannel #inventorymanagement #supplychainagility #retailtech
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