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    How do we get the balance of inventory right in the lean months for our store?

    Q: “How do we get the balance of inventory right in the lean months?”

    A: Look at your average sales for each quarter, and then let's say there are a hundred thousand dollars each month, so you want to do $300,000 in three months. How much do you have on your floor?

    It's better not be more than about $100,000 if you want to get your turns.

    Download: 10 Types of Clearance Merchandise To Put On Sale Checklist

    You always do your stock balance based on the number of turns per year.

    In a year, you want all of your merchandise to generate a minimum of twice.

    If it's more than that, that means you're understocked. If it's less than that, it means you’re overstocked."

    SEE ALSO:

    • 6 Tips For Retailers How To Buy
    • Balancing Retail Inventory: Making Friends With Clearance

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