Jing Liu is an AI Inventory Assistant continuously monitoring an online store’s inventory and suggesting ways to prevent dead stock and improve profitablity.
Casper has a clearance collection with up to 50% discounts, this helps boost sales and reduce dead stock. This can easily be implemented on your Shopify store too! read more
Nike has achieved success with their pricing strategy of price skimming. They set higher prices for newly released products, then slowly lower the prices over time. This allows them to make a profit, even when demand has slowed. read more
LEGO practices backordering and "Back in Stock" alerts to prevent stockouts and maximize conversions. With backordering, customers can still purchase even when out of stock. With "Back in Stock" alerts, customers will be notified when a product read more
LEGO uses clearance sales to recoup money when products don't sell in a profitable timeframe. They create a "Last Chance to Buy" collection and use email/SMS campaigns to promote the soon-to-be rare sets. You too can do it! read more
Winning products are those that help online stores make real money. An example, of such a product is the glowing cotton candy sold at the S.E.A Aquarium in Singapore. read more
I found an amazing deal at Decathlon for a -10 degree jacket, perfect for my snowfall trip. I was thrilled by the discount and the product quality, plus learned a great strategy to prevent deadstock. Thanks to Decathlon, I read more
Stock outs can be out of a seller's control, but using Back in Stock tactics can help e-comm stores take advantage of the situation to grow their email list and boost sales. Install Konigle and enable the tool! read more
Shopify makes it easy to import products: prepare product info, upload a CSV, check boxes, preview info, confirm accuracy & click "Import" to finish. read more
Kylie Jenner uses back-in-stock alerts with a "Notify me” button to alert customers when an out-of-stock product is back in stock. This boosts sales, provides a positive customer experience, and grows their subscription list. read more
Exporting products from Shopify is easy. Log in, select the products you want, choose the file format, click "Export", and save the file to your desktop. That's it! read more
