Have you been asking yourself, “What IS Merchandise Planning? “
In this interview with reed gift fairs, I start ‘Making Cents of it All’….
sharing my personal definition that Merchandise Planning exists to
‘maximise sales and profit through optimising inventory’.
I was delighted to be part of an expert panel and keynote speaker yesterday
at RETAIL THERAPY presented by @reedgiftfairs and @Lifeinstyle.
I shared tips about how to identify your ‘next best seller’ …
… and revealed why a ‘forward-thinking merchandise plan’ is crucial to your business success!
Of course, there were FREEBIES on all things Merchandise Planning, accessible to YOU TOO when you click on the links in this article.
Now that we’ve settled down to a panic since my last blog topic, we can start to consider what needs to happen before the end of this financial year.
A Review is a good place to start – an assessment of past performance to gain insights and learnings. What I’ve observed is how many businesses do this step, tick the box and leave it there, without actively translating it into a Preview – an extrapolation of those insights, combined with direction, interpreted into a strategy.
