Wholesale 101

Getting completely damaged inventory always sucks. There’s never a time when you get a broken item and celebrate. Ever. BUT you should NOT be throwing away your damaged pieces! Here’s what you need to do:Damaged inventory is a TAX WRITEOFF. It goes in the “Loss” Category. Here’s a really super quick, simple explanation of how important it is to write-off your losses. Let’s say you pay $1,000 for 100 pieces of clothing. This means you paid $10 per piece.Let’s say 20 pieces are totally unse …