Buy — Open To
Retailers may track OTB in different ways depending on their specific needs:
: Anticipated price reductions for clearance or promotions. open to buy
: Tracks the number of items rather than their dollar value, which is helpful for replenishment and allocation across multiple locations. Alternative Meaning: Credit Cards Retailers may track OTB in different ways depending
Retailers typically use a basic formula to determine their available budget (often calculated in retail dollars): open to buy