“I have not done malls for many years. The traffic is the main reason. “
I found every single significant gift this year online. Nothing came from a retail store.
The stores simply no longer carry inventory. Seems “inventory” is a bad word. No one wants to have “overages”, meaning, after a seasonal period what is left in inventory. Retail targets 0% overage. They would rather have sold out of a small inventory than have sold a large inventory with some inventory left over. The incentives is “0% overages”, not “total sales”.
The dumbing down of American continues.
They would rather have sold out of a small inventory than have sold a large inventory with some inventory left over. The incentives is “0% overages”, not “total sales”.
I don’t work in retail, so maybe just don’t understand certain things. But financially, if you have greater total sales with some inventory left over, you will have more net profit than you would, with limited sales but zero left over inventory.
Can anyone explain how running your business this way makes sense, in terms of dollars and cents????
I think stores are taxed on inventory.
This year I had three items in mind that I could buy from the mall. Went there last Sunday. Ended up being 1 for 3.
One item was a “as seen on TV” thing that the mall store had jacked up the price on it. I actually had approached the register with it in my hand when I saw the price. I turned around and put it back. The older lady at the register asked if there was something wrong. I said “too rich for my blood”. She shook her head and said “Walmart has it for $10 less.”
The second strike was a popular cookbook. The bookstore had sold out and wouldn’t be getting more stock before Christmas.
I swung by Walmart and picked up the ASOTV item. When I got home I ordered the book on Amazon.
I will think twice before I go to the mall again.