Rotating Your Store's Inventory

[Good Buddy]

Thrift shoppers love going to thrift shops because the inventory is ALWAYS changing.
I've seen many many shops that don't rotate their stock. What I mean is that if an item doesn't sell in 2 weeks to a month get rid of it. You need to make room for items that will sell.
I know plenty of shops that are overwhelmed with donations because they're not rotating the stock.
Use a colored tag system, either stickers or price tags, and rotate them.
4 different colors are best.

Week 1 red
Week 2 blue
Week 3 yellow
Week 4 green
Week 5 purple

during week 3, red tags are 25% off
during week 4 red tags are 50% off and blue tags would be 25% off
Week 5 you have pulled all the red tagged items and then start all over.

Rotation of your stock is critical to your store's success.
I'm going to use this system at a local shop I volunteer at.
I'll let you know how things go..

Different colored tags and stickers can be purchased here...

http://www.hangersunlimited.com

[augustalan]

The store I manager uses circular tabs on the hangars themselves. The idea of doing a sale on the color that is going out is a great idea but what about the fact that people will switch the colors to get the cheaper price. Is that something worth worrying about?

Right now we rotate stock once a month. It has been okay as long as I have been there but is going on a weekly basis better?

[TawnyM]

We use colored stickers on our hang tags. People can't switch the hang tags and the stickers are sticky enough that they will tear if someone tries to switch a sticker. We have three colors and rotate every two weeks. If things don't sell after six weeks, I'll either put it on ebay or put it away in storage.