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Retailers have many liabilities that are part of the cost of doing business, and we just accept them vs. stepping back and conducting a review to assess and change strategies, which in turn gives you more freedom, whether that be increased cashflow, profit, or more time back.

Let’s look at your stock on hand as this poses ONE of the greatest risks to your cash flow position as well as Your Greatest Opportunity to turn into cash, free up space in-store, offsite storage or your warehouse, and invest in new season stock or other areas of your business identified for growth.

Across the board, many businesses are experiencing overstock issues that and have been exacerbated due to COVID.

If we scratch the surface and look deeper at what’s causing the stock issues, this will put you in the driver’s seat to ensure you have preventative measures in place for the future, by understanding the cause and effect behind them today.

The Top 5 Contributors (Causes) of Stock Inventory Issues:

1. Lack of Brand Clarity: What is your brand ‘why?’
2. Lack Clarity: What is the problem you as the retailer are solving for your customer?
3. Lack of Customer Clarity: Who is your ideal target customer you should be buying for?
4. Ideal Customer: Who is your ideal customer and do you have enough of them?
5. Stock Movement Strategy: Do you even have one, and understand how important it is?

Put simply, all of these points are sending your customers Mixed Messages. The reality is your stock turn is not where it needs to be, your sales are not covering your overhead costs, it’s negatively impacting your cashflow, and it’s likely you’ll be experiencing financial stress.

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If you would like to explore this more book an appointment here: https://go.oncehub.com/michellecaldowretaillifesavers or contact [email protected] or call +0419 415 983