FOMO agency ™
Retail - Hollywood, FL, US
FOMO agency ™ Employees
FOMO agency ™ Details
Grow your business with data-driven product strategies and calculated inventory management techniques.Hindsight Assessment (Phase I):Beginning with a comprehensive review of your business, we'll calculate and analyze your sales and inventory KPIs, revenue drivers, and competitive positioning. Following this analysis, we will identify and establish relevant KPI targets, and determine specific action-items to further grow your bottom-line in phase II.Strategy & Implementation (Phase II):Once we have a solid understanding of your sales, we will optimize your reporting, buying, and replenishment structure. Usually, a majority of unit sales are driven by a subsection of your assortment. In Phase I, we will identify outliers and devise Grow/Maintain/Decline prioritization by SKU and by category. In Phase II, we'll convert those learnings into strategies that accomplish your merchandising objectives.If there is one thing that makes a product or service great, it's the people. At FOMO agency, we put people first - people you'd be proud to work with!Merchandising functions we support:•Trend & Performance Analysis•Buying & Replenishment•Forecasting & Open-To-Buy•Pricing, Promotions, Markdowns•Creative Brand Direction•Competitive Analysis•Product Design & Development•Product Placement, Displays, & Styling•Digital Marketing & Product Descriptions Our Merchandising Method:OBSERVATION & ANALYSISHindsight Assessment provides deep understanding of sales performance and assortment opportunities.STRATEGY & PLANNINGUsing the data collected during your assessment, we will devise a step-by-step plan to accomplish your merchandising objectives.IMPLEMENTATION & MEASUREMENTWe will eliminate inefficiencies, measure performance, and provide expert recommendations for in-season management.EVALUATION & FEEDBACKAs the planning period comes to a close, we will provide a detailed performance recap highlighting the impacts to sales, productivity, and margins.
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