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Handling Holiday Seasonal Surge in Retail

Overview

The surge shopping period provides merchants with an annual present and an increase in retail sales. However, with greater overall sales comes the issue of maintaining added income. Handling increased clients and sales while also trying to fulfill year-end inventory count requirements may leave small companies short on employees, limited on stock, and liquidity short. As companies appreciate the spike in sales, it often means longer work hours and higher personnel costs. More sales mean more customers who need help, more support requests, more ordering supplies, and more adjustments and exchanges. Because of this higher activity, nine out of ten firms are forced to recruit workers for the season.

Retailers must devote considerable time to controlling stocks over the seasons and servicing more consumers. To maintain supplies supplied, unload orders, have available inventory, and handle deliveries and refunds, more labor is necessary. Furthermore, especially during festive season falls on the someday as the yearly deadlines for the year stock records. All these reasons might render the surge shopping season difficult for small companies. The first step in efficiently planning for maximum holiday season sales is to develop effective sales predictions. The simplest approach to doing this is to conduct a marketing trend study utilizing your historical sales data to provide objective estimations (rather than guessing).

In this eBook, we take a dive deep into

  1. Year-end stock counts for shipping and fulfilling orders.
  2. Restock shelves generate returns.
  3. Utilization of downtime