The Retail Doctor Video Library

SEARCH OUR VIDEOS

    Marketing

    More Like This

     

    Should I reorder the fast moving items or wait to give other merchandise a chance to sell?

    Q:“Should I reorder the fast moving items or wait to give other merchandise a chance to sell?

    A: My approach is always immediately restock the best sellers, but think to myself ‘am I not letting the slower items have a chance?’” There's two points to this. One, more than likely you or your employees really love that item that flies out the door. So, it's easy for you. So, holding back means you're going to have to find something else to sell. I can certainly argue that really well.

    See also, Balancing Retail Inventory: Making Friends With Clearance

    On the other side, maybe the buy was not so great, and you really hit on a trend, and that trend is working, and you want to capitalize on it. I don't think there's any easy answer. I think instead of looking at specific items, like, “this orange pencil did really well.” I would look at the category of writing instruments. think “how are we doing for writing instruments?” If writing instruments aren't doing very well in my store and other categories are, then I'm probably not going to go crazy on one individual item.

    Discover The Retail Doctor's Guide To Growing Your Business Here

    Suggested Videos

    More Like This

    What Are the Top Tips to Attract Shoppers?

    What should we include in an in-store event?

    What are the best ways to use social media with limited time?

    When Updating Our Website, What Are 3 Things We Need to Address?

    What’s the sweet spot for length of live videos for Facebook?