Tuesday, February 22, 2011

22nd February 2011

Been 2 weeks since I last blogged.

Our china staff's work permit cannot be renewed. She is cfm leaving Singapore end of this mth (airtix has been booked for the 28th). She's our longest working employee...been working for us since the last week of March 2008 until now...that's almost 3 years.

We got a temporary staff to work in far east plaza for 1 mth when our china staff left while the local full timer works in bugis iluma outlet until the contract there ends end of March. Heard that the shops on the same level as us in Iluma (except Recoil, Bella Kini and Uneven) are shifting out of here. This place is a dead town but better than suntec. Yet the sales of our current staffs there are all much much much better than some previous staff (I'm not referring to any1 in particular. There are actually quite a few of them) as they are all active in approaching and serving customers.

It's been so quiet after CNY in both far east and bugis iluma outlets. Currently we are clearing our old stocks in bugis iluma outlet (UP TO 70% off) until end of March when our contract there ends. So many old stocks to clear. Headache!!! In the past, we are rather naive on what kinda stocks to bring in and whatever suppliers push to us we just take. Ended up we have lotsa stocks and a lots of them got stuck as a result. But now knowing customers' taste and preference we've become wiser in choosing the type and qty of stocks that we bring in. Right now we don't have as much dead stocks as compared to those really really old ones (2008/2009). Our recent stocks have been running out fast esp after CNY. A lot of stocks are out of the sizes customers want. Just when we are thinking how to clear the old stocks (which is our biggest worry), John Little emailed me asking if I am interested to join in their expo events. They have got 6 expo events this year. Going to meet up with the rep on thursday to discuss more. We've always heard that having sales in expo is good but don't know how to go about doing it as the space area in expo is huge unless we share.

Found a new supplier whom we can source U.S/Korean branded products (mostly U.S) from. We are going to sell them at factory outlet price which is the same price he is selling them at his shop :) One of our supplier is going to supply us with more shoes. Canvas shoes to be exact. Thinking of opening up an outlet in bugis street to sell mainly shoes. Looking out for other suppliers too. Most prob will travel overseas more often this year to look for and bring in more stocks.

2 comments:

lunshines said...

Yesss! Bugis Street! Sandy, thats a great idea! Youths love CANVAS! =)

sAnDyOnFiRe said...

Yeah! Thanks YiLun! :) Still looking ard for shop in bugis street. For now, still considering if we should stay on in Iluma since it's going to be part of CapitaMall.