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Saving Merchandise Can Cost You

CC - Photo by Paper Cat at Flickr

CC – Photo by Paper Cat at Flickr

Do you have seasonal merchandise you didn’t sell? Thinking about packing it up and saving it for next year?

Stop right there!  Holding on to merchandise in hopes of being able to sell it at it’s original sale price can hurt your business.

IowaBiz warns saving merchandise can cost businesses more money to store than selling at a reduced price. It’s taking up space that could store in-season or quickly moving merchandise that could be make the business money.

The smaller your store is the more valuable every inch of space becomes. Don’t waste your precious space on out-of-season merchandise; have a clearance sale.

For the original story, click here.

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About Hanna Russmann

I am a graduate of Simpson College with a degree in Multimedia Journalism.

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