Enjoy this free access to selections from The ROI's proprietary content. Ready for more? The Members-Only Collection includes even more for owners about inventory management and Open-to-Buy planning.
Retailers. You know your average inventory over the year, right?
Is that enough for the sales you expect? Or too much?
And how does that compare with other retailers? What kind of sales volume are they getting?
Find out here. See where you stand. Then consider your choices.
What would it take to regain control of your inventory?
Now, Step #4
How do your sales compare with the median retailer with that amount of inventory?
• Are your sales HIGHER than theirs?
• Or LOWER?
And what does that mean?
If your sales are lower than theirs, your inventory productivity is lagging. It's not producing as much revenue as other retailers. Careful; cash crunch could be looming.
What if your sales are a lot higher than the median? Is that okay? Or, are you missing sales? (Yes, you CAN be too thin.)
And what might any of this mean to your prospects for growth?
Not sure? Want more perspective? Give us a call!
Free 30-minute phone conference with The ROI Co-Founders.
We can help you compare your options for going forward.
Go here to set it up. Free. Confidential. No obligation.
Since 1999, empowering retailers and store owners to "Turn on your financial headlights!"