Services.
Due to the combined experience of Buying and Planning that exists within Gresham’s Law Merchandising Solutions, LLC, we can provide a wide array of services and an in-depth understanding of your needs. This allows us to provide comprehensive solutions to your problems without disrupting the natural “hum” of your business.
MERCHANDISE PLANNING
-Build robust Merchandise Financial Plans by category, department, or classification to combine delivery schedules and sales targets onto one standardized report
-Analyze sales performance using key profitability and inventory management metrics to ensure the health of your business
-Gain control over the future of your business using forward-looking projections in tandem with past performance, while also running financial models to gain insight into how the present affects your future
-Close "stop gaps" in your inventory lifecycle from building the plan to marking down product
-Build foundational line plans to offset fashion and/or trend-driven product
-Conduct "Range Reviews" to ensure that white space opportunities are captured in the product mix
INVENTORY MANAGEMENT AND MARKDOWN SUPPORT
-Translate sales forecasts from dollars to units
-Manage Weeks of Supply (WOS) metric to ensure that current stock can meet future demand
-Ensure inventory is balanced across multiple locations and channels
-Forecast future markdowns to measure impact on EOP inventory position
-Maintain brand integrity while staying competitively priced
-Manage markdown calendar among multiple vendors
-Create markdown buckets to control markdown depth by bucket
-Build targeted markdown strategies to identify the most substantial inventory liabilities
-Build reporting to analyze the effects of markdown on profit margins
-Determine pricing strategies by analyzing product performance by price group
GROWTH STRATEGIES
-Develop sales targets in order to inform buys and/or production for core and seasonal items
-Implement location-based strategies based on regional insights gained from market analysis
-Build standardized reporting to analyze in-season and post-season selling
-Identify replenishment program opportunities
-Identify growth and assortment opportunities by channel
CURATED MERCHANDISING SUPPORT
-Discover opportunities to develop and grow your assortment by adding vendors or exploring new offerings with existing ones
-Minimize inventory liabilities among fringe sizes with in-depth size curve analysis to achieve optimal size breaks
-Balance your assortments by classification, color, vendor, or any specific grouping based on assortment planning expertise
-Store Grading for retailers with multiple store locations to address the geographical needs of individual doors
-Build a pricing structure to support volume as well as sales potential from your clients
-Analyze styles at a color level to gain insight into which colors to offer
-Automate and/or streamline processes to maintain consistency in reporting and data
