How would you handle situations where a product is not selling well and needs to be discounted or removed from inventory?
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Sample interview questions: How would you handle situations where a product is not selling well and needs to be discounted or removed from inventory?
Sample answer:
In situations where a product is not selling well and needs to be discounted or removed from inventory, as a Fashion Design > Fashion Merchandiser, I would approach the situation with a strategic and analytical mindset. Firstly, I would conduct a thorough analysis of the product’s performance by reviewing sales data, customer feedback, and market trends to identify the reasons behind its poor performance.
If the product’s lack of sales is due to external factors such as changing fashion trends, I would consider offering a discount or promotion to attract customers and stimulate demand. This could include running targeted marketing campaigns, collaborating with influencers or fashion bloggers to create buzz around the product, or hosting in-store events to showcase it. By creating a sense of urgency and excitement around the discounted item, we can encourage customers to make a purchase.
Alternatively, if the product is not resonating with our target customers or is not meeting their expectations, it may be necessary to remove it from inventory. This decision can be made based on various factors such as poor customer feedback, low sales volume, or if the product does not align with our brand’s image or vision. Removing the product from inventory will free up valuable shelf space and prevent it from negatively impacting the overall assortment.
To minimize the financial impact of removing the product, I wou… Read full answer
Source: https://hireabo.com/job/6_1_8/Fashion%20Merchandiser