Don’t you love hearing good news? According to the Associated Press article “Retailers report September back-to-school boost,” U.S. retail sales jumped 2.6 percent in September thanks to several factors, such as inventory management.
Macy’s, J.C. Penney and Nordstrom were all singled out as standout performers for their impressive September sales. Not surprisingly, all three of these clothing retailers effectively use inventory management software to improve their customer service and sales.
If the Price Is Right
“Americans proved in September they are willing to spend, as long as the price and the product are right,” the AP article’s author Mae Anderson pointed out.
This begs the question, how do retailers get the right products and offer them for the right price? I recommend inventory management software, particularly Fishbowl, as a solution to these challenges. How does a solution like Fishbowl accomplish both of these goals? Let’s return to the AP article for a moment to find out.
“Retailers are recognizing there will be a need to discount because consumers expect them, however, their ordering and inventory management has allowed them to build that into their margins a little more,” said Joel Alden, a management consultant at A.T. Kearney.
Benefits of Inventory Management Software
Fishbowl helps companies plan ahead for seasonal changes in consumer demand, whether it’s back-to-school, summer or Christmas shopping. As businesses streamline their inventory, they save money on carrying costs. They also cut down on the number of deep discounts they have to offer customers to move products off their shelves at a healthy rate.
Take advantage of Fishbowl in your business!