As a result, Ken Perkins, president of RetailMetrics, a research firm, said that some stores offered aggressive discounts to get rid of excess inventory of spring merchandise.
These programs are used to monitor materials, inventory, and merchandise.
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Per-store inventory (including merchandise sitting at its warehouses) was 10% lower in the fiscal year ended Jan. 30, 2010 than the prior year, even as same store sales at the combined T.
Used merchandise retailers have a much different inventory acquisition strategy than other retailers, and that translates into different cost structures and profitability models.
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Patrick provides a new set of inventory in the collectables and merchandise market.
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Its skill in understanding fashion trends and the right level of mark-up on merchandise, as well as the proper level of inventory, and the intelligent staffing of stores makes the all the difference.
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover.
The merchandise the company is required to count the easier the inventory process.
Retailers were burned in 2008 when consumer demand dropped sharply after holiday inventory orders were placed, resulting in steep pricing discounts in order to move merchandise.
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Holding that inventory is expensive in terms of space and cash sunk into materials waiting to become merchandise.
On the bright side: as much as consumers are still looking for deals, lower inventory levels at some chains this year means less extreme discounting will be necessary to clear merchandise.
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