Services & Packages

Retail Merchandising and Buying Tutorial

Feeling a bit in the dark on how to improve your retail merchandising and buying tactics? Don't quite know how much inventory to buy? Through a series of in-person tutorials, Retail Concepts can teach you about planning inventory, inventory analysis, purchasing and inventory management to help you run your store more profitably.

How it works

We break up the tutorial into several sessions, focusing on the following to help you become an expert buyer for your store:

• Review of your financial plans to develop topline inventory levels for your store
• Providing you with retail tools for analysis of common inventory buying metrics
• Teaching you how to deal with product vendors and other inventory buying tips
• Fine-tuning your inventory order strategy
• Developing an open-to-buy

What you get

Come away with a keen understanding of how to analyze retail sales and inventory buying trends, evaluate proper stock levels needed to profitably run your store and manage your inventory flow through an Open-to-Buy (OTB). The OTB final worksheet would be in hardcopy and softcopy form so that you can use this worksheet as a template to help you with planning inventory buys in the future.

What you pay

• It depends. We work with stores on a variety of different retail merchandising and buying topics based on their needs. Prices typically can range from $4,750 to $12,500 depending on scope and services provided.

Have a question about this package? Email us!