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Prepare Your Store To Attract Customers And Keep Them Coming Back

This is part two of the business makeover of Black Horse Farms that I began at the end of January; read part 1 here.

retail business makeoverBefore the business makeover, the store had energy efficient-fluorescent lighting in the ceiling, walls covered with original rough-sawn pine, dark counters and fixtures, dirty window shades and a floor that looked like cattle had come and gone.

To enhance the shopping experience for their customers, many who come up from New York City on the weekends, we had to make the store cleaner, brighter and more enjoyable.

Remember: you attract customers first by the way your store looks. Continue reading Prepare Your Store To Attract Customers And Keep Them Coming Back »

Retailers: How To Beat A Lower Priced Competitor, Your Vendor

competing with vendorMany retailers face a common problem: what do you do when you are directly competing with one of your vendors?

For example, a store selling Sony products has to compete directly with Sony online, which has inherent cost and supply advantages over brick and mortar retail businesses.

Not only is it easier than ever for customers to buy products directly from manufacturers online, but they are opening their own stores and using third-parties to get around the very retailers who built their business.

But I get it, stockholders are looking for additional value and the easy way is to cut out the middleman; just like the customers.

The problem is, the customer I believe still needs a middleman.

As an independent retailer, how do you turn a profit on products like this when your margins are thin to begin with? Continue reading Retailers: How To Beat A Lower Priced Competitor, Your Vendor »

Retail Management: 10 Things To Never Discuss In Front Of Employees

employee management skillsTrust is one of the building blocks of retail sales, retail employee management and economic life as we know it.

Life in retail management can be as cutthroat as anything else, as evidenced by my suggestion to terminate bad new hires quickly.

When employees don’t trust their bosses or vice-versa, sales always suffer. That’s because people who don’t trust can’t be trusted.

And no-one picks that up quicker than your customer.

That’s why, as you work your way up the ladder as a retail manager or shift leader, it’s important to remember whose company you’re in. Conversations among some people might be fine; among others not so much. If you are an owner or C-level executive, you should know these already.

Having seen the effects of not knowing appropriate boundaries as a retail consultant, here’s a bit of advice… Continue reading Retail Management: 10 Things To Never Discuss In Front Of Employees »

Retail Trends: 69 Ideas That Changed Retailing Forever

retail innovation trendsRetail sales are stimulated by innovation.

Here are 69 retail trends that led to enhanced retailing success:

Prior to 1900

Retailers: Why You Keep Picking the Wrong Employee Time after Time

picking wrong employeeAs a retail consultant, one of the most valuable pieces of retail advice I’m asked about from an owner or manager is how to select employees that are worth investing in.

All too often, applicants that seem like a solid bet during the hiring phase turn out to be disappointing.

Understanding why this happens continually, then building a strategy to prevent it from recurring in the future, is the key to hiring strong-performing employees that can sell your merch time and time again.

Five Common Situations That Often Lead To Employers Making Bad Hires:

  1. Scrambling to fill an open shift.

    Employers who need to find someone quickly to fill a vacant shift often find themselves in a bind, particularly if the hours are traditionally undesirable (think Friday nights or Sunday mornings, for example). During the interview, candidates will often say whatever they think they need to say to get the job, but if the going gets tough when the job actually starts, they can leave you high and dry…and right back where you started. Have them write down availability and pledge not to change for 90 days.

  2. Giving current employees too much input.

    Present employees might like a particular candidate and push management to hire them, but there’s a good reason employees are employees and managers are managers. Basing hiring decisions on quantifiable attributes rather than employee recommendations will lead to a much higher success rate over the long term. A new employee isn’t there to “fit in” but do better; that won’t happen if you are hiring for comfortability.

  3. Hiring based on a “good gut feeling.”

    While the adage that you should “trust your gut” may prove to be true, this approach is no more reliable than hiring someone based solely on employee recommendations. As an important piece of retail advice, prioritize tangible assets far ahead of any good gut feelings you may have for a particular candidate.  If you really like someone, find a reason not to like them, find a fault or shortcoming so you have a balanced picture. No one is all good or all bad. Then remember…a good hire often is a flip of a coin. It’s how they take to your training where you’ll really know.

  4. Accepting the first applicant that comes along.

    Again, this tends to happen when retailers find themselves in a bind and feel rushed to make a decision. It’s always a better idea to take the time to do your due diligence than it is to place your trust in the first person who comes through the door who has availability. You don’t won’t win points with the rest of your crew if the bandaid employee doesn’t show up to open a week later.

  5. Hiring someone to help them out of a bind.

    People who really need the job can turn out to be excellent workers, and there’s plenty to be said for giving someone who desperately needs a chance the benefit of the doubt. But this approach is also fraught with risk, and sound retail advice and wisdom suggests it’s better to put in the extra effort to be sure. While you might love your best friend and her family, if you hire the daughter because she “just can’t get a job” – if she fails you probably won’t feel able to fire her.

Preventing these types of situations at the outset is much easier if you know how to match your applicants to the everyday demands and rigors of your retail job.

Personality profiling offers one of the most effective and reliable ways to do this. That’s why I developed a groundbreaking profiling test which employers looking to take the guesswork out of the hiring process can administer to job candidates. Check it out using the button below

start-the-personality-test