Today on the Boutique Chat Podcast Paul Erickson, Director of Sales at Management One joins us for Retail Inventory Management.
Are you confused about how much you should buy and how often? Do you want to know what the future of retail entails? Today Paul covers all things retail inventory management.Â
>> EPISODE 313 – LISTEN NOW ON iTunes <<
>> EPISODE 313 – LISTEN NOW ON Spotify <<
See the Full Boutique Chat Podcast Website here
Episode Rundown:
00:05:28 The Future of Retail
00:09:30 How Much Inventory Do You Need
00:23:06 Sell Through & Margins
00:26:43 Markups
00:38:51 What’s Trending
Main Points in Retail Inventory Management
- It is about buying smaller quantities of product, more often.
- Be strategic about your markups. They don’t need to be 50%, some products can easily be higher than 50%.
- 2021 is the year of opportunity and growth.
Favorite Quotes in Retail Inventory Management
“When you do make a mistake, it’s key you learn from it. I often call markdowns the tuition you pay on the education of your customer.” -Paul
“We think we cant get more markup. That is the one area retailers think the marked is pretty much fixed. No, it’s not, you can get more markup than you think.” -Paul
“Liberal return policies have been shown to reduce the returns, not increase them.” -Paul
Where to find & reach Paul:
Email: [email protected]
Website: www.management-one.com/boutique-hub
Instagram: @m1retailexperts
Join the Hub for more training, information, and connections.
www.theboutiquehub.com/join
Use the hashtag #AskAshley on Instagram, or tag her at @ajalderson or @theboutiquehubto suggest topics for the podcast and let us know what you thought about this episode!
Do you love the Boutique Chat Podcast?! Subscribe to our podcast and after that, leave us a review on iTunes Apple Podcasts here!
Original Air Date: May 11th, 2021
Do you love the details of Retail Inventory Management? Let us know what you think about our show and help spread the word about the #BoutiqueChat Podcast.
Recent Posts:
- How to Get Rid of Unsold Inventory (Without Losing Profit!)
If you’ve ever stared at a rack full of last season’s styles and thought, “What am I going to do with all this?” you’re not alone. Every boutique owner faces the challenge of managing slow-moving or unsold inventory. But the good news? That stock doesn’t have to collect dust or drain your cash flow. Inside… Read more: How to Get Rid of Unsold Inventory (Without Losing Profit!) - Spring/Summer 2026 Fashion Trends: Your Boutique Buyer’s Guide to What’s NextSpring/Summer 2026 is all about effortless energy—airy silhouettes, soft pastels, and confident color play. From romantic lace and voluminous sleeves to elevated basics and utility details, this season blends femininity with function. Inside The Boutique Hub’s Spring/Summer 2026 Trend Report, you’ll find the key colors, prints, and styles shaping the season, plus wholesale brand recommendations to help you buy smart and curate with confidence.
- Pink Friday Promotional IdeasPink Friday is the small business spin on Black Friday, a nationwide movement to encourage shoppers to Support Small First. Whether you sell online, in-store, or both, this guide is packed with creative Pink Friday marketing ideas, in-store and online promotions, and collaboration tips to help you make Pink Friday your most successful sales day of the year. Get ready to plan, promote, and celebrate your small business in style!
