Owning a specialty retail store is not easy, especially given the current state of the world. There are certain traits and skills needed in order to navigate this tumultuous terrain and still maintain and grow your business. A specialty retail store owner needs to be:
In many of our articles we promote the use of social media contests as a means to build a following and draw in new customers. Rarely do we take a look into which products or incentives will be most effective in gaining participation.
As the retail world begins to open up, safety measures have been the primary focal point, as well it should be. However, it is still important to strategize about building revenue for today and the future. The approach needed to do so will be a bit different than in the past. Here we take you through five ways small retailers can increase revenue in 2020 and beyond.
There are many benefits to operating a green retail business. It can limit your impact on the environment, save on energy costs and even drive new business. It can also have a very positive impact on the image of your brand. While going green may seem like a daunting task, it is easier than you think.
Your ability to move inventory and constantly rotate stock will directly impact your bottom line. “Among the top 5% of products that the retailers surveyed sold each month, 59% are new.” Maintaining a fresh selection is essential in developing loyal customers and avoiding losing out to online competitors.