Time for some #RetailTherapy in Melbourne. I’ll be giving a keynote and contributing on a panel discussion.
(Spoiler alert - there will be planning techy nitty gritty markdown margin number crunchy content on my agenda! Supporting materials can be found in The Planning POD).
If you are around then come check it out and say hi 👋.
Thanks RX Global for inviting me to participate again in this event.
Keynote:
Obsessing over stock health and inventory management is the ultimate key to profitability for Retailers.
This session covers:
* The AIM principle (Always In Motion) - why you need to treat your stock like cash and constantly keep it turning over.
* The Sales, Margin and Stock trifecta - why they need to hold hands, all day, every day, to inform decision making.
* The 3 types of margins (i.e. profit), First Margin, Final Margin & Stock Margin, and the dynamic between each.
* How to use a variety of stock measures in combination - sell through, stockturn, weeks of cover & freshness, to give you better perspective and indicators to predict profitability.
* Effective markdown management - how to identify when to take the markdown to achieve the most efficient sell through and margin.
Access support tools, like the markdown calculator and sell through matrix, in The Planning POD, and training in our online course.
Panel:
How to Capitalise on Consumer Trends for Positive Business Impact
With Melissa Robbins - Business Coach, thelotco, Nick Ikonomou – CoachNick, and moderated by Anastasia Lloyd-Wallis - Chief Operating Officer & Head of Insights, Retail Doctor Group
Unlocking the potential of consumer trends is vital for businesses striving for success in today's ever-evolving market. In this panel discussion, we'll explore actionable strategies to leverage consumer trends for positive business impact. From staying informed to fostering brand authenticity, join us as we delve into practical insights to navigate the dynamic landscape of consumer behaviour and drive growth for your business.
#merchandise #changethefaceofplanning #planningasitshouldbe
#MerchandisePlanning #InventoryManagement #Retail