Merchandise Planning Process: Make a Retail Plan in 10 Mins

Merchandise Planning Process: Make a Retail Plan in 10 Mins! Yes, you can have a retail merchandise plan in just 10 minutes when you follow the steps I outline in this video!

It’s true that inventory planning can be a pretty complex process, which is why we provide this service to our Profit Club clients using formulas and algorithms to predict a store’s merchandise plan with 93% accuracy.

But in its simplest form, a merchandise plan is just a map that tells you how much inventory you should buy and when, to meet your sales goals.

And you can create a basic merchandise plan in just 10 minutes!

I’ll show you how in this video.

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📝 Use our Merchandise Plan Template & I have too much inventory Checklist ⇒

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💰 4 steps to increase your sales so you can consistently pay yourself and your staff ⇒

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䷉ Read it on the blog ⇒

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🚨 Reduce Your Inventory with the RIGHT Clearance Sale ⇒

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✅ Apply to join the Profit Club ⇒

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⛔️ How to Avoid this Markdown vs. Discount Mistake ⇒

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🔔 SUBSCRIBE so you don’t miss the cutting edge retail tips, tools and strategies that will help you improve your profits and get better sleep!

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[happymotene]

I have a trainee merchandise planner interview on Friday... 😌 I'm so nervous 😞. I hope i pass it it will change my life and Improve my family. I'm happy I came across this video.

[Mrskess]

I’ve just become a beauty counter manager, and there seems a lot of work to do ( last time department manager job in retail I had was in 2007 so pretty long time ago). I’m so glad I found your channel, I’ll be watching them all.

[Vezhenkova.ekaterina]

Cathy, this was super helpful! thank you for your great energy and wisdom!

[WaxNraX]

I feel so supported watching this <3

[rilanaernstre]

I love your video's! I've been thinking on starting something, but just don't know where to start. I have so many idea's, but the main thing holding me back is money. But because of your videos at least I can improve my gameplan! Thank you! ❤
Also fellow Swiftie here, super awesome that you managed to get a cardigan!

[TIGEREYE-to]

Thanks for share!!! Regarda from Madrid

[Nancyes]

Sooo happy I found this video. I'm starting a Demand Planning role next month and needed something like this. Can you explain KPI please?

[maxisananes]

I took over my mums business 3 years ago which she had let go because of the crisis we had. I live in the Canary Islands, Lanzarote.

I have been doing the business online and have a warehouse set up as a shop with appointments only as I cant open it to the public as a shop.. I also work full time in the evening in a bar to pay my personal expenses (rent, food, petrol etc).

I want to be able to open a physical shop later in this year but the thought of trying to figure out what money I should put towards it and inventory, what I need to know before opening the shop etc scares me quite a bit. As leaving my job to open the shop, worries me if it fails and if I should just stick to what im doing now. But I would love to leave my job and do this full time. Is there any advice you could give me? Also thank you for all your videos, they are amazing and have so much information. Much appreciated! Xx

[RAJPATEL-khmn]

Hello, I just came across your video. It is very informative to understand retail budgeting. Quick question, I am in Gas Station with Convenince Store industry. How do I consider my inventory value? Is it retail value or cost value?

[xuncavmidoriya]

I'm trying to do next years receipt plan for 6 mill how do I distribute this across 3 commodities? is there a formula I can use?

[MiguelPais]

But what about planning something new, with no last year data?

[davesgoldantiquesloan]

You should not start out by saying your a Taylor Swift fan - not exactly the greatest role model. First time I tuned in … and tuned out.