Inventory

We did.

Ladies and gentlemen, Stock up.

Food, water, bullets, guns.

Figure out where in your neighborhood, okay? Like, what houses have Amy Acton signs out in front of it? I'm paying very close attention, by the way, to who's in my freaking neighborhood.

That's how important today's podcast is.

Gross margin percentage measures how much of every sales dollar a store keeps to pay for everything other than inventory.

So for example, if Caitlin's store has a 52% gross margin, that means that out of every $100 of merchandise that she sells in her store, $48 of that goes to pay for the So another way of looking at it is your gross margin or your MMU plus your cost of goods equals 100% of your sales, right? So you're paying for your inventory, cost of goods, you're paying for everything else, and that equals what your total sales are.

And this equation is the math that make richer retailers money.

To build a more profitable business, you must increase your gross margin.

Wait till you see.

Just stick with me.

So initial markup really measures the amount of potential profit in the retail price of inventory.

Some producers have been negotiating for flat bids with no heavyweight carcass discounts.

Inventory-wise, western Canadian packers remain comfortably bought out in front, and lift times have stretched out over the past couple of weeks.

And the cow trade in southern Alberta Wednesday.

D1 and 2 cows, 210 to 230.

His whole business is based on special sales.

Pre-inventory, going out of business, distressed merchandise, fire and water damage sales, summer, winter, spring, and fall sales.

Anything you can think of.

No kidding.

People just didn't like it or the, you know, things had moved on or maybe the color wasn't quite right or who knows, there's like a million different things that it could have been.

And so what you see is that within everybody's stock cover, so the Stock cover effectively is that calculation, the number of weeks worth of stock that you have.

So it's a theoretical number based on an average weekly sales.

So let's say you have 12 weeks worth of stock in your business.

The relationship between their sales and their stock is just way out of whack.

And therefore, you can release a lot of that stock over time.

We have a stock management service called Stock Doctor where you work with people and they actually go through and help and support you.

And we've seen people who've grown their sales with 45% less stock because they had the stock that was working and they had systematically slimmed down and trimmed down.

Those who are looking to get that restock report, head on over.

You're gonna go Inventory, you're gonna go over to your FBA inventory here.

When you get on your FBA inventory, you can click this little Restock.

Over here on the right side is this Reports button.

What is Products? Well, Products is Manage Products, Manage Pricing, Add Products, Analyze Reviews, Research Products, Sell Globally, and Product Reports.

You wanna know what's really interesting about that? That's a mix of some things from Catalog, it's a mix of some things from Inventory, it's a mix of some things from Pricing, and it's a mix of some things even from Performance.

We have taken essentially four different sections, and we have boiled them down into Products, right? And on top of that, we're missing a ton of different stuff.

For instance, if you wanted to manage your seller fulfilled products, you would think you would do that under Products, right? No.