You're facing a last-minute flash sale in your retail store. How do you decide on inventory priorities?
Flash sales can be a thrilling opportunity for your retail store to boost revenue and clear out inventory. However, when one pops up unexpectedly, you must act swiftly and strategically to prioritize which items to discount. Your goal is to maximize profits while delighting customers with irresistible deals. Consider the popularity of items, inventory levels, and potential profit margins. You'll want to ensure that you have enough stock to meet demand without running out too quickly, which could frustrate customers and hurt your brand's reputation.
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Anthony ScribanteIndependent Retail Business Consultant and English Foreign Language Teacher
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SHIV KUMARChief Marketing & Passenger Experience Officer /Top 100 power leaders in Marketing Comunicationation ,Digital…
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Arpita GuptaAGM - Product Management - Jockey India Men’s Division | Ex-Reliance| Ex- Marks & Spencer | Brand Management | Category…