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How To Cut Inventory — Fast!

Is excess inventory threatening your store's survival?  Here are 10 tips to turn your inventory into cash – quickly!

Sometimes retailing doesn’t quite turn out as you had planned. Did last year fail to live up to what you predicted—and budgeted for? Did you overestimate the popularity of your generous order of a particular product?  Are there areas of your inventory brimming with overstock? Relax! There is a way out of this mess

If you find yourself long on inventory and short on profits—whether from overbuying, expanding lines too quickly, or overestimating sales, don’t panic. You still can whip your inventory back into shape before it devours your profits. The key is to act quickly—the longer you keep excess inventory on hand, the more it will end up costing you.

If you think the only way to reduce your inventory is to run a sale or declare a buying embargo, guess again. There are less drastic ways to get your inventory under control again. Use a combination of the following 10 strategies to help you bring your inventory back to a more manageable level.