Mastering Retail Inventory Management (Why did F21, Kmart & Sears go bankrupt?)

Take a look at how Forever 21, Kmart, and Sears faced major retail challenges—and learn important lessons about forecasting, timing, and strategy.

Description Key takeaways

About this episode

Want to get a handle on retail inventory management? In this episode, we explore lessons from the rise and fall of Forever 21, Sears, and Kmart, and show how leaders like Walmart and Amazon use smart technology to stay ahead. Tune in to discover best practices that can help you avoid common mistakes and keep your business running smoothly.

Resources

The 5 Fundamental Types of Inventory Everyone Should Know Visit resources page

Key Takeaways

Retail inventory management: Helps businesses track, store, and sell products more efficiently.
Types of inventory: Knowing the difference between raw materials, finished goods, and MRO improves stock control.
Benefits: Effective inventory management increases profits, reduces waste, and boosts customer satisfaction.
Case studies: Examples like Sears, Forever 21, and Kmart highlight the risks of poor inventory practices.
Retail innovation: Giants like Walmart, Uniqlo, and Amazon Go use RFID technology to optimize inventory and checkout processes.