What is the first step in managing inventory for liquidation during clearance season?

The first step in managing inventory for liquidation during clearance season is to calculate how many pairs need to be sold daily. This step is crucial because it provides a clear target for sales efforts and helps in determining the pace at which inventory should be reduced. By understanding daily sales goals, a general manager can effectively plan marketing strategies, adjust staffing needs, and monitor sales performance throughout the clearance season.

This approach ensures that the remaining inventory is moved efficiently while maintaining customer engagement. It also helps in managing pricing strategies, as knowing the daily targets can inform decisions on discounts or promotional offers. Establishing a clear daily sale target creates a structured plan that aids in achieving overall clearance goals.