How well is your markdown strategy working?
Find out. Schedule your free analysis today!
Holding onto slow-moving inventory may be costing you more than you think. Not only are you paying to keep items on your floor, slow-moving items may be preventing you from selling other more profitable pieces.
By optimizing your markdown strategy you can
- increase cash flow
- raise margins
- become more profitable
Marking down inventory is an art
Large retailers save millions of dollars by optimizing their markdown pricing. However, markdowns are not as simple as taking 25% or 50% off retail price. You need to account for how long you've had the item, how much you paid for it, your cost for keeping it and what alternatives you have. Not to mention, every business is different!
While traditional software for determining such markdown strategies tend to be expensive, WOVIN can run a custom analysis for your store, for free.
Why are we doing this?
Because by helping your business run more efficiently we hope to build a relationship with you and increase incoming donations from your business in the long run.
Here's what you'll learn from WOVIN's free custom analysis (worth $5k - $15k):
- How long you have to sell an item before you lose money on it
- When you should start your markdown cycle and at what rate
- When you will make more by getting rid of an item and replacing it with another