Hardware Retailing

OCT 2016

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://www.hardwareretailingarchive.com/i/730317

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Page 46 of 94

Checkouts COMMUNITY RELATIONS A New Life For Dead Inventory S ome stores get rid of dead inventory by having liquidation sales, or putting products in a dump bin or on a clearance table at the front of the store. Woods Hardware doesn't have room for that. With a 1,500-square-foot salesfloor, when items aren't selling, they have to move quickly. Matt Woods, COO of the Cincinnati, Ohio, business, has found a way to quickly move that dead inventory while helping out the community—by donating it to a local charity. Donated products are sold at a discount, and proceeds go to help those in economically depressed areas of the city. "The charity is run by a father-son team that uses the proceeds to help ex-offenders or those who are down on their luck, and help rehabilitate them," Woods says. "We donate anything and everything we can. They get a lot of donations from the big boxes and from Amazon, too. "It's a good way for us to get rid of that inventory and also help those who need a hand," he says. To learn more about Woods' operation and how he makes the most of a small salesfloor, see the November issue of Hardware Retailing. Matt Woods of Woods Hardware donates dead inventory to a local charity that helps those down on their luck. HARDWARE RETAILING | October 2016 42 Use the integrated showerheads together or separately to get water where you need it most. Another way Delta is more than just a shower. For a demo, visit deltafaucet.com/in2ition Wash the day away. THE IN2ITION ® TWO-IN-ONE SHOWER. ©2015 Delta Faucet Company

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