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Daily Sales versus time left of store stock
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Andrew Carnegie RJ: Andrew Carnegie CO: Andrew Carnegie Post Rating: 0 + / - Total Posts: 94 Karma: 10 Joined: Sep 13, 2013 |
Posted on Apr 27, 2014 I'm selling socks in Apparel stores. As of today, I'm the only one selling socks.I've got 138,000 socks in my retail inventory, spread over 5 stores with approx 60,000 sq m sales space I spent $1 billion on advertising one day ago I've got 10% market share -- no competitors as of now when I hover my mouse over how long it will take me to sell those socks, it says "greater than 2 years" daily demand (as of this post) is 19.5 million socks daily I'm selling 1.96 mil units socks daily, according to EOS pedia for Apparel stores how can I lower time remaining to sell my socks? is the only solution to build huge retail apparel stores? if so, how much retail space do I need to be more in line with what I'm selling? thanks, |
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Nick Sirock RJ: Sam Sirock CO: Nick Sirock Post Rating: 0 + / - Total Posts: 51 Karma: 11 Joined: Jul 8, 2013 |
Posted on Apr 27, 2014 Lower the price?
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Andrew Carnegie RJ: Andrew Carnegie CO: Andrew Carnegie Post Rating: 0 + / - Total Posts: 94 Karma: 10 Joined: Sep 13, 2013 |
Posted on Apr 27, 2014 Thanks, Nick -- I'll try that. But what I am looking for (if any EOS players know the answer) is: how large / much retail space does a player need to sell xx% of some product's daily product demand, especially given no competition -- supposedly a "perfect vacuum."
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Werner Heisenberg RJ: The Empire Business CO: Post Rating: 0 + / - Total Posts: 4 Karma: 10 Joined: Jan 17, 2014 |
Posted on Apr 29, 2014 I have about 110k store size and about 20% of the demand met with 99.8% of the items sold, but I'm selling several items in the store so I probably would be at 100% met if I only stocked the one item.
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