Retail floor space is for selling your products. So what do you do when you have a lot of inventory or overstock items? You can coordinate with your MI-BOX dealer to have your MI-BOX available on the same day your inventory is delivered. It can then be loaded into your stockroom and the excess can reside safely in your MI-BOX unit until you need it. #RetailStorage #BusinessStorage
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Are you tired of empty showrooms and shrinking margins? 😓 The current market is brutal, with supply chain disruptions hindering inventory, fierce competition stealing customers, and rising costs eating away at your profits. But what if there was a way to break free from this cycle? youX can be your game changer. Schedule a demo with us today to gain an exclusive look into what we can offer your dealership! #financesydney #financeaustralia #businessfinance #cardealership #SMEfinance #OEMmanufacturers #cardealersydney #lenderssydney #digitalrevolution #digitaltechnology https://lnkd.in/gg7rx9h9
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Overstock vs. Closeout: Which Offers Better Deals? In the world of savvy shopping, two terms often pop up: overstock and closeout. Both promise enticing discounts, but which truly offers the better deals? Let's delve into the comparison of overstock vs. closeout sales. Overstock items are excess inventory that retailers couldn't sell during the regular season. These items often come directly from manufacturers or distributors and can include anything from electronics to home decor. Retailers slash prices on overstock to clear space for new merchandise, making them a treasure trove for bargain hunters. Closeout sales, on the other hand, occur when retailers want to get rid of remaining stock before closing or discontinuing a product line. Closeout items might be perfectly good merchandise, but retailers need to liquidate them swiftly. This urgency often translates into steep discounts, sometimes even below cost. So, which is the better option? It depends on your preferences. Overstock sales offer a wider range of products, while closeout sales can feature deeper discounts. Additionally, overstock items might have more variety in terms of colors, sizes, and styles compared to closeout items, which are limited to remaining stock. Ultimately, whether you opt for overstock or closeout deals, both provide excellent opportunities to snag quality products at wallet-friendly prices. So, keep your eyes peeled for these sales—they're a bargain hunter's dream come true. https://lnkd.in/eh92HvDn
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In this day and age, when the landscape of retail is forever changed, why do wholesalers request you to have a physical storefront in order to quality for a dealer account? I am specifically speaking to knife wholesalers, but I think for most products this would apply as well. As a gun & knife show circuit retailer I can tell you I see and sell to many more people than most storefronts can ever hope to sell to on their best day. Our best shows average between 10k to 20k heads going through the door. How many people on the most busy day of the year enter a physical storefront to buy a product? This requirement seems archaic in 2024. Please rethink your requirements CRKT (Columbia River Knife & Tool), Spyderco, etc., etc..
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📈📉 Q2 Auction Demand Slips as Retail Inventory Rises - Sales rates and winning bid-to-value ratios pulled back in June even with lower supply at auction. Read more ➡️ https://lnkd.in/gqDDNtE3 #inventory #rates #retail #supply
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Great insights
📉 The Impact of Inventory Shrinkage on Retail Stores 📉 Inventory shrinkage is a silent profit killer in the apparel retail industry. Whether it's through theft, damage, or administrative errors, losing inventory can significantly impact a retailer's bottom line. Understanding the nuances of shrinkage is essential for developing effective strategies to mitigate its impact. In this segment, we will explore how inventory shrinkage occurs and its specific impact on retail operations. Stay tuned for part 2 next week, where we will discuss actionable solutions to combat shrinkage. #RetailChallenges #InventoryShrinkage #RetailManagement #ProfitProtection #ApparelIndustry #LossPrevention #StayTuned 🔍🛍️📊
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Colour tops the list as the number 1 objection. Too many salespeople try to overcome colour by discounting price. Sometime a shopper will wait for the right colour all you must do is ask. They did through the inventory shortage. #carsales #dealergroup, #automotivetraining #automotiveconsulting, #cardealers, #cardealerships
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Why should you have a “notify me when available” button on your stockout products? ✅Developing trust ✅Recognizing customer needs ✅Identifying popular products ✅Social proof ✅Keeping customers in your store #notifyme #inventory_management #backinstock #back_in_stock #restock #preorder
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📉 The Impact of Inventory Shrinkage on Retail Stores 📉 Inventory shrinkage is a silent profit killer in the apparel retail industry. Whether it's through theft, damage, or administrative errors, losing inventory can significantly impact a retailer's bottom line. Understanding the nuances of shrinkage is essential for developing effective strategies to mitigate its impact. In this segment, we will explore how inventory shrinkage occurs and its specific impact on retail operations. Stay tuned for part 2 next week, where we will discuss actionable solutions to combat shrinkage. #RetailChallenges #InventoryShrinkage #RetailManagement #ProfitProtection #ApparelIndustry #LossPrevention #StayTuned 🔍🛍️📊
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Does the number of packages delivered correlate to the number of items you order online? No, it does not. 📦 https://lnkd.in/ej5vBWz2 Placing an online order for 7 items of clothing could result in 1 package, or 2, or 3, 4, 5, 6, or 7. It is anyone's guess, but it shouldn't be. More packages means more tracking for the consumer, more risk of porch pirates, more doorbell rings, more packages sitting out in the rain. It also increases the number of delivery trucks on our streets, the emissions from those trucks, and the amount of packing material. In the most recent episode of Art of Supply, I spoke with Mike Robinson, Head of Retail Solutions and a Founding Member at The Eighth Notch, Inc. (T8N), to hear how he is attacking the chaos of retail fulfillment. #supplychain #retail #fulfillment Art of Procurement
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This is an online retail warehouse 🤩🤩🤩 But it can also be connected to global retail. If your career has just started, or optimize the work link. I am the best choice,😎 More than 5,000 designs,😀 I can transport it directly to any corner of the world for you. #sock #socks #sportssocks #anklesocks #socksstyle #mensocks #womensocks #kneehighsocks #kneesocks #cyclingsocks #trampolinesocks #basketballsocks #happysocks #happysock #stockings #yogasocks #christmassocks #funnysocks #personalizedsocks #nikesocks #trendysocks #skateboardsocks #vintagesocks #woollensocks #cottonsocks #whitesocks #blacksocks #customsocks #childrensocks #3dsocks
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