Each season we quit everything that has not sold so the next time the season comes around we start afresh. Space is a factor – storage space is expensive in shopping centre space. But outside of the space issue, it is good business practice.
I’d love to hear from others as to what they do.
Do you store what did not sell in a season for the next time that season comes around? Or, do you quit everything and start afresh?
Our competitors quit everything. They like to start each season fresh. If we want to compete with them it is what we must do.
We try to quit stock but what is left we store for next year if saleable.
Christmas ordering is all done using the previous years sales data from Tower so there is usually not much stock left.
\should not have an stock left. Don’t try, just do it. Majors selling $160 trees etc for $30 Christmas eve. Bon Bons $5. Need to start fresh for next season. Never stored for later.
Our xmas gift sales 80% up . So we purchase stock by instinct not by data.