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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". ============================================================== Every Tuesday we send out a FREE Retail Profit Tip to those who have registered to receive our FREE newsletter. If you have not registered yet, you'll want to do so that you don't miss out on this great free content. This email newsletter is brief and on topic - we know that you're busy and don't have time to waste. In it we discuss:
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