Retail - Focus on the 2 key assets: stock and people
Learn what the Open to Buy can bring you!Give me an appointment now!
GLOBAL FASHION MANAGEMENT brings over 20 years' experience and works alongside
* Mono Brand stores,
* Independent Boutiques,
* Small Chain Stores,
* E-Commerce businesses &
* Pop up stores
We bring Retail Clients the Fast Track to understanding what makes Retail succeed or fail.
We work from strategy to execution, with both the Management and front line staff on
* Break even analysis / Cash flow projection / KPIs / Vision & values & business plan
* Buying, merchandising and monthly open to buy plan if necessary
* Staff training
* Social media delivery
Even if you just have one store, you want to learn international best practice from the start.
Fixed expenses are high.
Every month when you do not perform is a month when you could be losing £5000 to £50000 in sales.
We will show you how we work to increase your sales, improve your cash flow, minimise your discounts, get more from your staff, how to better manage your events or your marketing budget...
Buying / Merchandising
Improving the buying and merchandising needs to be your number 1 priority when looking to improving your bottom line.
As a multilabel store, you invest 40 to 55% of your total sales in the cost of goods sold (COGS).
As a mono brand store, you dedicate from 15 to 35% of total sales in the COGS.
Every good retailer will be using an Open to Buy (OTB) plan to maximise cash flow, sales, profits and customer traffic.
This concept goes back to the USA in the 60's and is widely used over there both among large retailers and independent boutiques.
In Europe, the "big boys" are using it but the independent sector is left behind when it comes to opportunities for maximising how much they can take out of the business.
With our partners, we have been implementing the Open to Buy plan for over 20 years and today we have over 400 clients worldwide. Their Return On Investment is 3 to 10 times or more what they have invested.
We are available around the world and with over 40 consultants based in the USA.
We can now forecast sales at over 90% accuracy.
CLICK HERE to improve your classification structure, the data you extract and read in your business and how to turn it into meaningful decisions which will improve cash flow and profits. Get the right dashboard that require all CEOs or Retail directors.
WHO'S NEXT - Fashion Solutions (Former #RetailExpertClub ) - At every session in January & September
1. Daily seminar on "The Art and Science of Buying or how to forecast sales at over 90% accuracy". French. English on demand.
2. Free 1-2-1 meeting to discuss your retail business or brand - Limited availability so book early. Booking form here.