Showing posts with label challenges of independent retail. Show all posts
Showing posts with label challenges of independent retail. Show all posts

Wednesday, April 15, 2015

3 Quick Merchandising Tips That Are (Almost) Cost Free

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Let’s face it… retailers don’t always have time on their side… or extra money to spare. Between long work days and managing (or at least trying to) your personal lives in the midst of working retail hours, it isn’t always easy to keep up with everything on your retail to-do-list. But don’t let this shy you away from keeping up with the always important merchandising in your store.

There are easy changes and updates you can make to help create a store environment that is designed to move products from your store to customers’ homes. To top it off, there is little to no cost involved in implementing these changes… other than your time, of course!

From obvious tips to not so obvious ideas, consider the below points to help you give your store a merchandising face lift… while only taking a little bit of time.
  1. Use signage. Signage is a classic – and obvious – way to help capture customer attention. But the catch is how you create and use your signs. When preparing signage for your store, use consistency so that all your signage blends together. A great way to do this is to pick a signature color, such as Tiffany stores have with their baby blue boxes, and repeat that color through all your signs. Imagine the difference a lime green sign with bold, black lettering makes versus a white sign with Times New Roman letters. Using sign holders is a must, as well. Fun frames from a local home store are a great way to add character to your shop signage and overall environment. Simple plastic frames do the trick, as well. Tape holding your sign to a shelf? No. Please, no… no… no. This screams cheap and lazy to a customer, and unless your store can be defined as cheap and appealing to lazy folks, pass on the taped signage to your shelves, doors or walls. To sum it up, think clean, crisp and professional in appearance. The signs will individually stand out in their designated spots while cohesively blending in from an overall perspective.
  2. Use light. Overhead lighting can be so “blah”. Rarely does it do much for merchandise, not to mention your own appearance. Instead, consider other lighting options that can enhance your product and add a whole new ambiance to your store. Accent lighting can highlight high-ticket items or be used to showcase products on sale. Case and shelve lighting helps customers see often challenging spots in the store more clearly – therefore not missing any merchandise during their store visit. Adding a dimmer to bright lights is sometimes all you need. There is no single formula for lighting that you should follow, but instead incorporate what details you believe can help your unique store stand out. Just keep in mind that like products, even lights can clutter a store. Too bright is no good and too dim never works. Find a happy medium that will let your merchandise shine.
  3. Use space. No one wants to feel jammed between one display and another. Give your customers some breathing room by creating an easy-to-walk, easy-to-shop environment. Optimal spaces that customers will naturally be drawn to include the space immediately to the right of your front door, anything within 4 1/2 and 6 feet high from the floor and island style fixtures. Research tells us that these retail points are among the most shopped, making them the most favorable opportunities for merchandising inventory. Evaluate your existing floor plan and rearrange necessary fixtures to accommodate this strategy. Remember to allow breathing room for your customers to comfortably enjoy your store. Comfort translates to sales, so there’s no time to spare here – get started in your store re-vamp in an effort to increase your register dollars.
Merchandising is a never ending cycle that should be viewed as just that – never ending. Accept this reality and embrace the constant change merchandising can offer your store. A few simple changes to a strong merchandising plan can make a big impact… and while you still may be short on time, these quick tips can at least help you save some merchandising dollars while helping to bring more consumer dollars to your store.

To view the original article please visit: http://retailminded.com/3-quick-merchandising-tips-that-are-almost-cost-free/

Wednesday, July 25, 2012

Retail Party July 2012: Independent Retailers Battle Showrooming


On July 20th at 11:30am retail industry experts gathered for our monthly "Twitter Party" hosted by One Step Retail Solutions. The theme of the month was indepedent retailing in honor of Independent Retailer month (July). Active contributors included Retail Smart Guys, King Retail Solutions, Independent Retail USA and Smart Retail. This discussion was on the topic of showrooming and indie retail versus internet giants as suggested by Dan Jablons of Retail Smart Guys.

Independent retailers competition for sales against internet giants is exacerbated by "*showrooming" which effectively puts independent retailers resources to work for the likes of Amazon.

The general observation is that this is very much an ongoing issue for independent retailers and attendees offered several tips to counteract show rooming, key being strategic merchandising and top-notch customer service. Other suggestions are educating your sales staff on the benefits of shopping locally so that they can in turn educate your shoppers and have way to address showrooming.
Benefits of buying local include feeding into your own communities economy and avoid unnecessary pollutants through excess shipping and transport of goods.

An additional resource is opening up your very own eCommerce site, made possible by top of the line Point of Sale systems.
a) Making your products easily viewable by your customers at all hours, everyday.
b) Make it so that your buyers can make a purchase at any hour, everyday. Pick-up in store may be a good arrangement.

Here are some of the most memorable Tweets.
@danjab Another point: retailers should not try to compete on price. You never win that battle! Hold price, provide great service!
Shopping local helps biz owners who are passionate about making a difference. They're the first to give back to their community.
@danjab Benefits to buying locally: Esp in fashion, you need people who can help you look great by choosing the best items for you.
Mom & Pop Stores account for >1/2 of US retailers! Great service in store is always memorable!
@danjab Make sure your staff has COMPLETE product knowledge. Customers will buy if they are educated.
@kingretail we just did a survey (results not yet announced) but basically yes, Americans love local grocers, boutiques, etc.
@danjab Indie retail defeats price by providing better value & service & being FIRST with new fashion & product. Trumps price every time


To follow any of these active Twitter accounts:
@danjab Dan Jablons of Retail Smart Guys
@kingretail King Retail Solutions
@indieretailUSA for Independent Retail USA
@smartretail for Smart Retail


To attend our August Retail Twitter Party go to http://twebevent.com/RetailParty, with the look and feel of a chat room it is easy to discuss concepts amongst your peers and retail industry specialists.

August 17th at 11am PST - Discussion of Visual Merchandising and Retail Design


*showrooming, where a buyer checks out a product in store to ensure quality or value and then purchases on-line for better price. Your retail store acts as a showroom for e-giants.