Have you ever asked yourself, “If I buy more inventory, won’t I sell more?” Today, we’re unpacking this myth with inventory insights from Alana Turner, the owner of Poopsies, a thriving multi-million-dollar retail store in Galena, Illinois. Spoiler alert: Less inventory can lead to more sales! Keep reading. https://youtu.be/dBsDrTd76i0 From College Job to Retail Success Alana’s journey to retail success … Read More
Cash Flow Eaters – How to Identify and Eliminate them From Your Inventory
Are cash flow issues keeping you up at night? If you’ve ever felt like your sales are strong but your cash flow tells a different story, the problem might be hiding in plain sight, in your inventory. Let’s talk about “cash flow eaters” and how to eliminate them for good. Ready? What Are Cash Flow Eaters? Cash flow eaters are … Read More
A New Retail Income Stream to Eradicate the J-Months
Have you ever noticed how January, June, and July those pesky “J-months” always seem to drag down sales? It’s a retail problem many of us face, but don’t worry, there’s a way to turn those slow months into profitable ones. Let’s make these months your best yet. Let’s learn how to sluggish sales and boost your income by transforming your … Read More
How to Get Rid of Old Inventory
How to get rid of old inventory? This was a question that came through in our retail community, and it is a great one that highlights a situation many store owners find themselves in: How do I get rid of old inventory with enough profit to purchase new inventory and keep my customers coming back for new, beautiful merchandise? SO … Read More
The Magic Inventory Formula
Are you looking for the magic inventory formula that will finally solve the challenge of having the right amount of inventory in your retail store? “What’s the magic formula for how much inventory to carry and order?” This was a recent question in our retail community. Don’t you wish there was a magic formula that everyone could use to have … Read More