How to Use Data to Grow Your Boutique & Advice on Selling Shoes

16 Mar 2021 · 48 min
48:09

Interview (episode 305) between host Ashley Alderson and guest Ashley Wakefield (founder of Sophie). Wakefield describes opening her boutique in July 2007 (graduated Dec 2006), building a shoe-focused business that later added clothing, and surviving multiple downturns (2007–09 recession and 2020 pandemic). Core themes: inventory as largest investment, tracking margins (prioritizing margin % alongside sales), using POS/reporting tools (Lightspeed; earlier Shopify POS after QuickBooks POS), deep-category reporting by subclass (flats, booties, heels, sandals) with inventory/turn analysis, purchase-order discipline and vendor coordination, balancing emotional/vendor relationships with unemotional data-driven decisions (worked with Christine Gray and Dan at Management One for inventory), and customer-service as a differentiator. Practical guidance covers which reports to watch, how to break sales down by vendor and subcategory, PO workflows, and in-store selling/styling techniques for shoes.

Questions this video answers

305

July 2007

December 2006

Lightspeed

Shopify POS (after) and QuickBooks POS (earlier)

Chapters

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