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4 Ways to Deal with Post Holiday Inventory Now

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Now that the holidays over, retail imports are trending down while inventories are increasing.

Here's some tips on how to deal with post holiday excess inventory

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4 Ways to Deal with Post Holiday Inventory Now

  1. 1. 4 WAYS To Deal With Post-holiday Inventory Now
  2. 2. So you’ve had your fill of turkey leftovers for the past week, and you’ve rung in the New Year in style
  3. 3. 1 2 3 Indulgence has thrown your regular diet out of whack Nursing a giant hangover Excess stock sitting in your warehouse that isn’t sold
  4. 4. SELL YOUR EXCESS STOCK 1  How much to discount your stock in order to move them  Where you’re going to sell them
  5. 5. Flash Sales Are Convenient For You  If you’re selling goods directly from your warehouse, you don’t need to find an online platform or retail location to sell them. Goods simply sit in your warehouse until they are sold  Warehouse sales often have strict payment terms. It’s first-come, first served. And very often, cash-and-carry only
  6. 6. Flash Sales Create Awareness and Urgency  Holding a flash sale may create awareness about your brands and products that you carry  The growth in your customer base may help drive regular purchases in the future https://emergeapp.net/features/
  7. 7. Disadvantages of Flash Sales  Depending on your warehouse location, consumers may not want to make the journey to enjoy your discounts  Consumers may not simply be there when you expect them
  8. 8. Flash Sales Don’t Work For Some Goods  Product may not lend itself to warehouse sales. If you’re dealing with luxury or high-end goods, consider the impact on the brands that you carry  The cash-only sale terms make it tempting for fraudsters and thieves
  9. 9. BUNDLE YOUR EXCESS STOCK 2  If your product catalog allows it, bundle similar products together  Increase your average order value and you clear excess stock at the same time
  10. 10. Bundle Many Products Together  Bundle many units of the same product. As expected, this works best for small to medium- sized items  Pack several units of the same product together and sell them at one enticing price
  11. 11. Bundle Many Products Together  Bundle complementary products. These are products that go well together and are typically used or consumed together  Customers can appreciate getting a good deal if they get a useful bundle
  12. 12. Bundle Slow and Fast Moving Together  Bundle slow-moving products with faster-moving ones  Pair them with slower-moving ones so that you clear your slow-moving stock at the same time Inventory Management Software
  13. 13. LIQUIDATE YOUR EXCESS STOCK 3  Don’t be the last person holding the stock  Be aware that you’ll be offered cents in the dollar for your stock, and that they will pick whatever they think they can sell  Move on from your losses and look ahead to re-stocking for the freed up warehouse space
  14. 14. DONATE YOUR EXCESS STOCK 4  Doing a decent thing to help the less fortunate and needy during a time of celebration  Earning a tax credit in the process
  15. 15. At EMERGE App we like to dispense real, actionable tips that you can use now https://emergeapp.net/sales/deal- with-post-holiday-inventory-now/

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