IntroductionIn the dynamic realm of
department stores, the art of retail lies not just in attracting customers but also in ensuring that products move off the shelves efficiently.
Slow-moving inventory can impede cash flow, tie up valuable shelf space, and hinder profitability.
To combat this challenge, department stores must
employ a strategic blend of assortment planning, retail merchandise planning, merchandise financial planning, and innovative stock replenishment techniques.
In this article, we delve into
the tactics to breathe new life into stagnant inventory and revitalise department store operations.