How to Calculate Inventory Turnover (& Know If It's Good)
If you’re the owner or merchandiser of a retail or pawn shop business, you know it’s important to keep track of inventory turnover. Between overstocks, managing your warehouse,...
If you’re the owner or merchandiser of a retail or pawn shop business, you know it’s important to keep track of inventory turnover. Between overstocks, managing your warehouse,...
Retailers, merchandisers, and pawn shop owners who aren’t on top of their visual merchandising are missing out on the chance to greatly increase their sales and their customer...
When you've stocked your inventory, you want to make sure that it moves at a regular and expedient pace. If you think your products are moving too slow, you might consider...
Imagine having a golden-ticket idea or product that will sell itself if customers can simply see it, use it, or ask questions. In this scenario, the space of your retail store...
Keeping your store supplied, whether you’re running a brick and mortar or an online storefront, is a constant challenge. It’s important to find the perfect wholesale supplier to...
Drawing customers into your store can be a difficult task, especially in today’s world of online shopping. How do you get shoppers to leave their computers and come to your store?...
As a retailer, it’s important to know how your inventory is selling so that you can adjust your stock as needed. You can do this by analyzing the inventory turnover ratio, which...
Jewelry is popular among many retailers, as it’s inexpensive to stock and works as a gift and personal accessory. Wholesale jewelry dealers offer some amazing deals, letting you...
As a pawn shop owner, you know your peak season is around tax time. People receive their tax refunds, so come to pay on their loans or buy some of your merchandise. The problem is...
Understanding how to merchandise effectively is crucial to your success as a retailer. The strategies you use will depend upon your industry, but they should all have one common...
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