Surplus inventory can be a huge headache for retailers. Aside from taking up space on your sales floor and in your stock room, having excess stock ties up your capital and prevents you from reinvesting in your business.
Fortunately, this doesn’t have to be a major long-term problem for you. There are several things you can do to reduce overstock and improve your inventory management systems. From implementing creative bundling and merchandising, to holding enticing events and promotions, you’ll find that getting rid of overstock is completely doable.
Check out the infographic below for tips and ideas on how to liquidate surplus inventory.
We hope this infographic gave you ideas on how to solve your surplus stock issues. Going forward, though, it’s best to prevent having excess stock in first place. To help you do that, check out our inventory management guide and learn how to create a winning stock control system for your store
Are you a Vend user?
Deciding which products to include is key when planning a sale in your retail store. Vend has a number of reports to help you determine which products to discount and promote. Learn more by watching the Vend U’s video course on running sales.
About Francesca Nicasio
Francesca Nicasio is Vend's Retail Expert and Content Strategist. She writes about trends, tips, and other cool things that enable retailers to increase sales, serve customers better, and be more awesome overall. She's also the author of Retail Survival of the Fittest, a free eBook to help retailers future-proof their stores. Connect with her on LinkedIn, Twitter, or Google+.