When we start working with clients, big changes happen. They completely change the way they look at their inventory. It becomes clear that EVERY buying decision is a decision of investment. We specifically show them how to balance inventory they own. This makes sure that they have exactly the right amount of inventory in the right areas (or classes) of … Read More
How Low Should I Go?
Are you finding yourself at the end of your clearance sale wondering what to do with what’s left? I hear this every year, and Charlene just asked the question on everyone’s mind. Cathy, When you need to get rid of stock, like clothing, how low in discount should you go? I often wonder if you should take the hit to … Read More
What Every Good Retail Sign Needs
Just a few short weeks ago, I was in a store that had HORRIBLE signage. I decided then and there that I was going to give you all ideas – on how NOT to make the same mistakes. Then the next day, I opened my email and saw that my friend, Bob Negen, had already done that. 🙂 So I … Read More
You Don’t Need To Be #1
Marc Weiss, Principal at Management One, recognized that those odd 5 toed shoes from Vibram were becoming a hot trend. He quickly advised all of us consultants about it so that our clients could jump on it. At our national conference this week, he shared the story that one of those clients had taken action and had generated over $1,000,000 … Read More
“You better hurry up and make that business work!” Dumb things our spouses say to us.
My good friend and colleague, Jane Hamil of Fashion Brain Academy works with designers who want to create a successful business from their creative designs in their heads. She was telling me about how often along the way, they find that getting support from family and friends can be hard to come by. So, she shared some great practical tips … Read More