WHILST WE hAVE ESCAPED TO THE COUNTRY-GANADOR CONTINUES TO OFFER CUTTING-EDGE INSIGHTS AND STRATEGIC SOLUTIONS TO RETAIL- AND SHOPPING CENTRE OPERTATORS ALL OVER THE COUNTRY. 

Tips to manage markdowns

1. Cut quick and cut deep. Excise the demon dogs whilst in season.

2. Buying mistakes, broken colours, sizes or assortments = markdowns.

3. Move permanent markdowns to a clearance area/ clearance table.

4. Don’t scatter the stock, scatter the signage to point to the clearance stock.

5.  Put your markdowns in less productive areas – don’t let the markdown cancer eat your high margin display space. Let the price do the work.

6. Train your sales staff to up-sell and cross-sell or simply move as much as possible.

7. Go  “ON SALE” twice a year at most. Constant discounting is a race to the bottom.

8. Donate old stock.

The power of PR

Typical specialty stockturns

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