Originally Posted by
drk
Not to let out a secret, but I sure like the new Morel stuff, too. I bought in last week.
Don't go totally away from core. You'll need some. I have about 20% core and about 80% specialty stuff. The core stuff I leave on the board since it turns so quickly. That's the beauty of core: you need little to do a lot.
I would be really careful about going with too much high end stuff at once. I'd have a gradual, careful plan about buying in, line by line. No more than one or two per year!
Move the old stuff, maybe re-price it as "clearance" and get the money off the boards and invest in the new lines.
Don't forget, each dollar spent on inventory is like an investment in the stock market: some are lower investment, lower profit, but high turn...some are higher investment, higher profit, but low turn...
You wouldn't put your retirement portfolio all in one stock, so spread your investment around wisely.
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