With all the browsing, buying, and selling going on at JCK, we know it’s tough for retailers to find time for a sales-tips session or an HPHT diamond debate. (Even we couldn’t get to all of the cool seminars!) That’s why we gathered 35 business-savvy takeaways from our expert-led events, guaranteed to educate and entertain. Understanding Your Retail Inventory KPIs—Key Performance IndicatorsLynn Baldwin, business mentor and director of U.S. operations for the Edge Retail AcademyMove old inventory—quickly. Baldwin told retailers if they’re not moving merchandise out the door within six months of buying it, they’re not managing their inventory properly.Reorder hot sellers repeatedly. “If something sells fast, buy it again,” he said. “If you don’t buy it, it’s you refusing to believe that you bought the right thing the first time. And if you don’t think peopl
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