How to Manage your Stock Space Needs

In Episode 41 of the Retail Success Series, we tackle a common challenge for product-based business owners: running out of space. Whether you're managing an e-commerce store, a bricks-and-mortar shop, or a hybrid business, storage issues can become overwhelming as your inventory grows. This episode explores practical solutions for managing stock and space throughout the year, helping you avoid costly mistakes and keep operations running smoothly.Nicole shares firsthand experiences managing inventory through different stages of business growth, from working at home to transitioning into retail spaces, storage units, and shared warehouse solutions like CLIK Collective. She highlights the pros and cons of each option and explains how these choices impacted daily operations, costs, and team productivity. These insights provide valuable guidance for independent retailers weighing the decision to expand into warehouses or collaborate with third-party logistics providers.Listeners will also learn about important considerations like balancing storage costs with operational efficiency, maximising space during seasonal peaks, and how to scale inventory without sacrificing profitability. Nicole discusses how different solutions—such as using storage units, shared warehouse spaces, or full-scale warehouses—can either streamline or complicate logistics depending on your business model.If you're a retail business owner planning for growth in 2025, this episode is packed with actionable advice to help you make smarter decisions about managing stock and storage. Tune in to discover space-saving strategies that will support your business's success without stretching your budget or overwhelming your team.Instagram: @theretailmarketersWebsite: theretailmarketers.comYouTube Channel: youtube.com/@theretailmarketers

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