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by ahsanhilal
5247 days ago
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I used to be in the fashion business for a while. I owned and operated a number of brands, sold to major national/international retailers. However, from my knowledge the major issue with ecommerce is stock/inventory. Inventory is a huge problem since it is a cash hoard, and because of ecommerce/ brick-mortar retailers die . The basic problem: you have to buy before you sell, and what if you buy wrong? Most retailers/e-tailers underestimate how big of a problem that is. Also, a lot of times, retailers will have 30-60 day payment terms, which is basically the time you have to turn over the inventory. Also, if you do not sell (in fashion) it becomes stale quick and then you have to sell at discounted prices. I am around to help if you need any advice etc. Have a decent amount of knowledge in this area. |
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