Understanding Open to Buy

Do you love a good plan? A plan that is tailored to your business and helps drive success in your retail business? Whether you’re a seasoned retail buyer or new to the game, a sales rep, or a vendor, you need to be equipped with the knowledge of what Open to Buy is and how buyers use it. In this episode of Inside Gift & Home, we take a deep dive into the concept of Open to Buy, a powerful plan that helps retailers manage their inventory and cash flow effectively. Learn what Open to Buy means, how buyers use it to generate sales, and what factors can affect your buying power. We break down how to calculate Open to Buy, giving practical examples that highlight its importance for maintaining the right stock levels and boosting profitability. Open to buy helps buyers to make smarter purchasing decisions and keep your business thriving. Be sure to subscribe & follow this show on Apple or Spotify.

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