E-commerce revenue from the apparel and accessories industry is growing at 44% annually in the United States. By 2016, e-commerce apparel and accessories are expected to tally $73 Billion in sales, accounting for more than 20% of all U.S. online retail sales.
45 – 90% of all business expenses are a result of inventory costs. As a business owner you need to minimize costs, maximize revenue, and increase turn by making informed decisions about how many of each size to produce or carry.
Carrying excess inventory results in an additional expense for your business, which reduces your bottom line. Not carrying enough of the right products causes lost sales and gives customers the impression that your business is poorly managed.
A surprising find was how you label your product size does matter. Abbreviated size labels generate up to 38% more revenue than spelling out the size product labels.
Making smart purchasing or manufacturing decisions could be the difference between success and failure. As you look to increase profit, seemingly insignificant manufacturing and purchasing decisions are often overlooked. Using product-level data lets you prevent lost sales and excess inventory by making data-driven decisions.
Brought to you by Stitch Labs www.stitchlabs.com
How would you like to start out the New Year saving money? This infographic will show you 13 different money saving tips that will help you save a combined total of $11,244.00!
These tips are simple adjustments to your daily life that will help you take control of your debt and fatten up your bank account. Tips such as bringing your lunch to work, brewing your coffee at home and washing in cold water instead of hot can save you $2,177.00. These 3 tips along with 10 more are not to be missed.
13 Ways to Save Money in 2013
An infographic from the team at Quicken Loans.
In the past seven years, a lot has happened to the state of personal loans and debt in the United Kingdom. Whether for purchasing a house or credit lending, consumer lending patterns have changed year by year. Check out this interactive infographic to see everything from how much mortgage debt all UK consumers racked up in 2005 to the average individual personal debt today.