What are the most effective pricing and promotion strategies to clear out excess inventory?
If you run a retail business, you know that excess inventory can be a costly and frustrating problem. You don't want to waste money on storing and maintaining products that are not selling, but you also don't want to lose customers by slashing prices too low or too often. So how can you clear out your excess inventory without hurting your brand image, profit margins, or customer loyalty? Here are some of the most effective pricing and promotion strategies that you can use to move your surplus stock and optimize your retail operations.