Macy’s is back in the news – this time because it’s looking like a great buy to stock-market investors. I’m no Wall Street expert, but I do know that when a company uses solid business practices, it’s likely to be a winner.
Something every investor absolutely loves is when the company they invest in produces results that are above and beyond their expectations. That’s what Macy’s has been able to do consistently thanks to three main factors:
1. Inventory control – Macy’s uses inventory control software to monitor product levels across their hundreds of stores. This helps them plan ahead and get the right products to the stores where they’re needed the most.
2. Merchandise planning – Closely connected to inventory control is merchandise planning. Macy’s inventory specialists are able to see historical patterns in sales and make sure they’re well-stocked on seasonal items.
3. Price optimization – By cutting costs and having just the right amount of inventory on hand to meet demand, Macy’s is able to hold prices down and avoid having huge discounts on unpopular products. This is a major benefit for both the clothing retailer’s bottom line and customer satisfaction.
It’s been a while since I talked about Macy’s inventory control. This company continues to both make headlines and stay under the radar with its good news. Keep coming back to this blog to hear positive economic stories like this.