BikeBiz Bicycle and cycling retail news
UK distributor VeloBrands – whose brand list includes Kask, Juice Lubes, Chapeau! and Pacenti – has created a new tool to aid businesses in making stock decisions.
The recently-created Business Insights Tool will allow retailers to optimise their orders to maximise profitability, reduce slow-moving stock and increase margins. In situations where dealers are struggling to move items, Velobrands claims the new service can provide evidence based on up-to-the-minute sales data to reduce rick and uncertainty.
VeloBrands partner and MD Will Miles said: “It’s not enough to just ship products out of a warehouse in today’s bike industry. You need to be the very best supplier that you can be; you need to work with your retail partners to help them be the best that they can be.
“We’ve invested in making life easier for our partners; we want them to be confident when they place their orders. We want them to see great results and to be comfortable to give us their business. We want to help small businesses work in ways that big businesses do, in ways that they haven’t been able to until now.”
VeloBrands are inviting dealers to visit them at The Bike Place Show – stand 32C – to talk about working together in 2017. The company is offering existing companies a demonstration of the new tool.
For more information, visit the VeloBrands website here.
