Description

As summer starts to heat up, it’s easy to overlook the inventory that’s quietly taking up space and eating away at your cash flow. Whether your traffic is slowing down or picking up, now is the moment to move those non-sellers and reinvest in what’s working.

In this encore of one of our most downloaded episodes, Cathy breaks down how inventory hoarding drains your profit, clutters your floor (and your mind), and keeps you from being the CEO your business needs.

With a fresh perspective and timely reminders, this is a must-listen as you prep for Q3 and set yourself up for a profitable, clutter-free fall.

Episode Summary

From inventory that overstays its welcome to cash flow struggles, this episode unpacks the hidden costs of holding onto unsold merchandise. Learn how bold markdown strategies, efficient inventory turnover, and a shift in mindset can transform your profits and free up cash to reinvest in your best sellers.

What You’ll Learn in This Episode:

• Why holding onto slow-moving inventory is costing you more than you realize.
• The benefits of bold markdown strategies and cash flow reinvestment.
• How to identify best sellers and maximize inventory turnover for higher profits.

Key Takeaways:

• [03:28] A story about the real cost of keeping lazy inventory.
• [07:28] Strategies to turn stale inventory into cash flow.
• [09:55] How a mindset shift about markdowns increases profits.

Resources & Links

• Get the Clearance Sale Secrets program now to liquidate unwanted retail inventory in 6 weeks, without destroying margins or discounting best sellers
• Read this blog to learn why you should never do a storewide sale!
• Follow us on social media for more updates! Facebook / Instagram 
• Join the community with ambitious store owners in our Richer Retailer Facebook Group

Have questions? Reach out via email!

Listener Action Steps

1. Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
2. Loved this episode? Leave us a 5-star review to help more retailers find us!
3. Join the Retail Mavens community at retailmavensfb.com to brainstorm ideas and gain support from fellow retailers. 

P.S. If it’s been hanging around for 6 months or more, it’s officially freeloading. Mark it down, move it out, and make space for the products that actually pay rent!