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Lagos retail: inventory, shrinkage, andworking capital

Retail owners from Yaba to Gbagada know the pattern: a hot SKU last month becomes shelf weight this month. Without a formal warehouse team, the fix is disciplined purchasing tied to what your reviews and repeat customers actually say — not only what the distributor pushes.

TS
Tobi Salami
Senior writer, ConnectCiti
May 3, 202610 min read3,610 reads

Photo treatment: ConnectCiti · Lagos retail

Working capital is not an abstract finance term — it is the cash sitting on your shelves and in your back room while rent still posts on the first.

Right-sizing buys

Start from turns, not from supplier MOQs. Rank SKUs by gross margin and days on hand. If an item is profitable but slow, shrink the facing before you drop it entirely — seasonal demand in Lagos can swing with schools, holidays, and weather.

Shrinkage honesty

Separate known waste (damaged goods) from unknown loss. Unknown loss usually points to process: who opens, who counts, who signs off? A simple daily closing tally beats a dramatic stocktake once a year.

Proof on your listing

Upload current shelf photos, list bundle sizes, and state return policies plainly. Customers who see clarity spend less time haggling and more time buying — which protects your margin.

Note

Composite owner guidance informed by common Lagos retail patterns; adapt to your category.

#lagos#retail#inventory#working capital#sme
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TS
Tobi Salami
Senior writer covering owner stories and craft economies across Lagos and the South-West. Previously at Stears.
3 stories15,157 readers

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