Purchasing an abundance of new stock in anticipation for a big increase in the number of installs we complete throughout spring is one of the main ways we are preparing for our busy season. By purchasing new furniture, linen and accessories in advance and having them ready to go in our warehouse, it means we have the stock required to complete more installs as they come in.
Given spring begins just two months after the end of the financial year, buying new stock also doubles as a tax-write off, but this hasn’t always been the case. Although it makes the most sense for us to invest in new stock before July 1st, having the ability to do this is something we’ve grown into as the business grew. As more years pass since Foxy’s inception, the more Jake and Phoebe can be deliberate about purchasing new stock at this time of year so everything is ready to go when it’s needed.