Why is assortment planning necessary for a successful business? Discuss the main guidelines for this purpose.

The following 7 tips for assortment planning success outline ways retail businesses :-
1. Set clear goals
A business should have clarity on what their ultimate goal is. Financial objectives are usually prioritized, with profit, of course, as the underlying goal. Though to get there, having set numbers to reach with monthly or yearly targets is crucial to have a clear project management plan for retail assortment.

2. Assess historical data
Examining past retail analytics for sales trends can give a business some benchmarks to consider when planning for future merchandise. Consider why the top sellers have been selling so well - not only the nature of the actual product, but how and where it was displayed _________ _____ ______ ________ _______ ________ _________.
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