FLEX

How Does It Work?

1. Ave will provide a list of available FLEX styles from trusted vendors every other week. You can find them here: https://avenueshops.com/collections/flex
2. If you want to offer one of these styles you pay a “buy-in” fee. This is much cheaper than the cost of buying your own pack(s) and paying for shipping.
3. Only shops who buy in will be able to launch that style and share the inventory when it arrives to our warehouse.
4. If 80% of a style sells through, Ave will credit you back 50% of the initial buy-in fee to your Ave Tech balance.

FAQs

• On a 6 pack it’s 2 pieces. So if the cost of the item from a vendor is $15, your buy-in for that style would be $30 (versus the $90 + shipping you would normally pay for the entire pack!).
• Some styles come in packs of 8, some are a full size run (12 or 14 pieces). So the buy-in is adjusted a bit higher in those cases to compensate.

• Ave covers the shipping from the vendor to our warehouse and we will still order, receive, process, store and ship the product for you.

• We take the total buy-in payments from all shops and Ave doubles it.
• So for example if ten shops buy in on a S-L style, the buy in per shop is $30 x 10 = $300. Ave adds $300 so now there is a budget of $600 total to spend on this item.

• Yes! These items (including your sample) have the standard Ave markup to cover shipping, receiving, processing, shipping, etc

• After two weeks, the FLEX items are opened up to all shops to sell (even shops who didn’t buy in!). At the 4-5 week mark, they will move to a clearance strategy through Monday Markdowns, etc.

• Yes! If your customer shops a regular launch and also a FLEX launch, the items can all ship together.

• Samples are optional and are purchased up front!

• If you want to purchase a sample, you’ll be charged for the sample up front when you commit to the item. The remainder of your buy in will be charged when the style arrives to Ave.
• If you don’t want to purchase a sample, you’ll need to pay 1/2 of the buy-in up front and the remainder will be charged with the style arrives to Ave.

• YES! All full priced sales will count towards the sell through rate. Any units that sell after an item goes to clearance will not count towards sell through rate.

• Yes! Vendor photos and vendor descriptions will be included in the product listings. Basically the same information that you would get if you purchased directly from the vendor or on FashionGo, etc.

• Not currently!
• In the future if lots of shops buy in to a style and we are purchasing a large number of packs, it might make financial sense to offer the full Ave treatment.
• In these early stages when we’re only purchasing a small number of packs, it’s not financially possible for us to do all of those things.