Successful fashion stores understand that you simply can got to stock every item during a vary of sizes, colors and designs to own any likelihood of creating sales. this suggests for every product you would like to sell, you’ll want a minimum of 5 completely different sizes, with 3-5 completely different colors, and every one in 2-3 completely different designs. you’ll got to shelve or show over 30-45 separate things for every single piece of clothing you would like to sell.
Floorspace may be a sensible live of the worth of clothing
In retail leasing every sq. meter of floor features a price that has to be recovered by selling stock. this suggests that low cost clothing can got to take up extra space to earn identical rent that costlier things build. This naturally means low cost outfitters cram the maximum amount stock into their store, whereas the expensive stores have area for house and polished floorboards.
Changing rooms herald the cash
You need to own a changing area or 2 as this is often where you’ll build most of your sales. actually quite twenty sixth of your sales can come back from your changing area sales processes.
Be aware and management your recent stock
With every prevent in fashion tastes you’ll find yourself with vital stock left to undertake and sell. you’ll be unable to sell recent fashion stock when a definite time because it will:
- turn your complete into a reduction sales store
- increase the expectation to attend for your sale days rather than paying full worth
- eat up your stock prices and scale back the house you’ve got to sell new things
- increase your advertising and promotion prices to undertake and move it all quickly
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