The question often raised is, do I have the right stock NOW in my shop.
Well, it is a good question now that Valentine's Day is tomorrow and in this 11th hour, it is an excellent question to ask.
Firstly how does Valentine's Day look this year?
Well according to google
I checked the public interest from 2016 to 2019 (in blue) shows a slight drop but nothing dramatic, however, unlike other years, attention is more uniform across all states. What I find particularly interesting is that the public still do not know what to buy and that includes women looking at what they should buy their guys.
Now we have established that we are looking at something similar to what we are used to, we can use the mirror marketing functions in our point of sale software. This works if you have a similar situation to previous years although I have my doubts whether Russell Zimmerman, Executive Director of the ARA is right that it will exceed last year
Still, Valentine's Day is a good example to show mirror marketing as it requires specialised stock and the BIG question now is, do you have the right stock?
Go to Register Reports marked in green.
Now select in stock, "Stock Sold During Period(a) Not Sold in Period(b)"
Now out pops this.
Select the report what was sold in a previous period (a) last year but has not been sold in a period (b).
This is an old database, so I used old dates, but you should use 1/2/2018 to 28/2/2018 as (a) and 01/2/2019 and 28/2/2019 as (b).
Now in brown, you will see that there is a lot more option but let's keep it simple here.
Now you will get a report with what you sold over the period (a), but you are not selling in your current period (b). Why is the question for you to investigate now?
What to do in future
I suggest you run this at the start of every month because once you get to know it, you will find mirror marketing very useful and if you do this you will miss almost no marketing season.
I noticed this is what one of our clients Nextra Forum West has done