How Are You Adapting to Changing Customer Buying Habits?
While overall spending in retail stores is down, Walmart's sales
are up. Customers are rewarding retailers that are perceived as
having low prices and value savings. Are you adapting your pricing to attract these ever growing value
seekers? It's a necessity now to turn your inventory often. For merchandise
that has not sold within 30 days, begin offering progressive
discounts until you have cleared out these items. This not only turns your inventory into cash but also allows you
to offer the value prices customers are seeking these days. Evaluate your inventory and make sure you have a few items at all
times that scream "value deal". ==============================================================
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