In today’s Retail Roundup we discuss the importance of inventory management with Danielle Malconian of Plus by Design. We all know that managing your inventory is one of the most important things you do. If not done well it gets costly, very quickly. Listen in...
WESA Retail Roundup July 7, 2025:
Takeaways:
- Effective inventory management is crucial for retail success as it directly impacts profitability.
- Using inventory management software can significantly enhance the accuracy and efficiency of stock management.
- Retailers often become fatigued with their merchandise before customers do, leading to misjudged sales potential.
- The importance of understanding customer preferences is paramount when considering product line expansions.
- Planning for seasonal inventory and understanding market trends can mitigate potential financial losses.
- Maintaining a healthy inventory level requires careful analysis of sales data and customer demand.
Chapters
00:04 - Introduction to the Horse Radio Network
04:06 - Inventory Management Strategies
13:12 - Navigating Inventory Decisions
17:31 - Managing Inventory and Customer Demands
22:38 - Navigating Trends and Inventory Management
