"In owning our own retail stores, **we’ve learned that it is far more profitable to turn that inventory more quickly than to have high margins or raise prices**. This was especially true when we had to pay high interest rates on our loans. You may make money in the restaurant business by turning over your tables more often. In the airline business, you keep your planes full and in the air. In specialty retail, you want sharp buyers who know the market and its customers. They place small orders from suppliers but more often. You don’t waste expensive retail space to carry extra inventory. You display the products as if it were a showroom but keep the backstock in the basement or a nearby stockroom." ([Location 2115](https://readwise.io/to_kindle?action=open&asin=B01A6EQFZ8&location=2115)) --- **Tags** -- [[quotes]], [[inventory]], [[sales]], [[business-strategy]], **Source** -- [[20250423082057 - B - Let My People Go Surfing]]