Pulse October 2023 | Page 67

Q

Which of the following product inventory metrics does your spa currently track and evaluate ? Select all that apply .
PRODUCT INVENTORY METRICS TRACKED
SPAS ARE UTILIZING a variety of techniques to help lower residual inventory . A few of the ideas shared for end-of-season markdowns include : l offering items in a gift-with-purchase promotion l selling mystery spa grab bags l holding an employee sale for staff l donating products or gift baskets to charity
RESOURCE PARTNERS provide a wealth of resources to help spas with moving and managing inventory :

Q

Which of the following resources , if any , does your company provide to its spa clients to assist with managing product inventory ? Select all that apply .
RESOURCES PROVIDED TO ASSIST WITH INVENTORY MANAGEMENT l
l
l
70 percent of resource partner respondents provide employee training on their brands and products 65 percent offer retail merchandising displays / collateral 50 percent extend incentives for customers who meet sales goals
RESOURCE PARTNER RESPONDENTS also shared some creative ways spas can promote products that aren ’ t moving off the shelves . Be sure to explore those ideas at the end of the full report , available in the Research Library at experienceispa . com . n
The results analysis of this survey includes answers from all 299 ISPA members who completed the August Snapshot Survey from August 18 to 28 , 2023 .
OCTOBER 2023 n PULSE 47