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One of the most challenging types of retail businesses to operate is an apparel business. Whether you specialize in men’s fashions, women’s fashions, children’s clothes, or you sell all kinds of apparel, you have...
Retailers are accustomed to having a mind in the future because of the planning that has to happen before the right inventory is on the shelf at the right time. But retail planning also...
Open To Buy – OTB planning in retail – can seem like a complicated secret formula involving a lot of time. But when you keep the goal of OTB in mind, this important aspect...
Planning is an important part of retail success, and Open-To-Buy allocations for the coming seasons are an important part of that plan. When there is no buying plan for retail, it’s difficult to have...
About.com has a page on Open-to-Buy wherein they teach you how to calculate OTB for a typical retail business. It’s a bit oversimplified, but the concept is good to understand. It’s a good primer...
The need for appropriate preparation in any business is a constant one. It would be very difficult to reach any sort of success without having the proper planning and goal-setting beforehand. Diving head first...
