Nexgen Blogs

Jul

Balancing Inventory Management: How Clearance Sales can Help?

Nexgen Marketing posted on 07/05/2023 12:00 AM

Clearance sales are used as a retail strategy to get rid of excess inventory and appeal to price-conscious shoppers. Planograms help retailers to optimize their inventory, improve cash flow, and create space for new merchandise. This ensures retailers balance their inventory level, promotions, shelf space, and price to maintain sales.

Tags: planogram, planogram in retail, inventory management, clearance sales, planogram, planogram software, shelf planning, visual merchandising, planogramming | View Count: (1543)

Popular Blogs

How to read a planogram?

Jun 24, 2019 | 67719

how to read a planogram

create a planogram

Product distribution on shelves in a retail store are done to support instore visual merchandising efforts which helps to improve store sales. A planogram implementation is only complete after it is read and understood , and then arranged on the shelf according to that planogram.

How to increase sales of soft drinks?

Apr 22, 2019 | 36007

Visual merchandising planogram

Increase sales of soft drinks

planogram for soft drinks

improve soft drinks sales

As an FMCG product, the sales of soft drinks depend upon the effective tactics that are utilized to exploit customer psychology. FMCG products are low-cost consumer goods that is used for day to day usage. A customer chooses a soft drink based on the cost, brand image, availability, visibility, health factors.

How to Drive Retail Sales with Efficient Store Clustering?

Jan 05, 2022 | 24313

data-driven planograms

store clustering

retail store

Store clustering offers retailers a targeted approach towards sales. This helps to understand what opportunities are to match the product range to generate sales. Planogram helps retailers effectively plan their product range according to the store type.

visual merchandising planogram

planogram services

thanksgiving sales

holiday season