Back to school is a big time for the retail industry. Many larger chain stores capitalize on increased spending and have taken a large share of the market. In the specialty retail industry, it’s important that you take advantage as well. Competing with larger stores when it comes to pricing can be difficult for smaller stores to absorb. Thankfully, there are several other ways small businesses can compete for back to school dollars. Back to school can represent a significant portion of a store’s yearly sales. Developing a detailed plan can increase retail revenue and go a long way towards running a successful back to school campaign. Below we feature some of the best ways to bring in business during this busy time.
Topics: Retail
With the demand for unique and specialized inventory, the specialty retail industry is taking off across the country. Filling a need for niche markets in all different industries, specialty retail caters to a diverse contingent of consumers. While your business model and product line may be unique, there are business principles and ways to improve that can be implemented throughout the industry, regardless of your focus. Even if you currently have a loyal following, it’s important that you do not become complacent. There are many ways you can improve and continue to grow your business. Here are just a few suggestions for keeping your specialty retail company thriving into the future.
Topics: Retail
How To Make Your Health Food Store Stand Out
The specialty retail health food store industry is growing rapidly. There are many large companies that are trying to get into the business. As a small business owner it is important that you focus on aspects that will help you to stand out. There are many offerings you can feature in your store that help drive revenue.
Topics: Retail, Merchant Cash Advance
You want to improve your dance studio but you aren’t sure how. Or maybe you just received a retail cash advance and don’t know where to start. Determining where to allocate your windfall in any business can be a bit daunting. So many things go into running and growing a dance studio that it feels like a misstep could cost you. Not to worry. We’ve put together 6 ways to bring in new customers and increase studio revenue.
Topics: Retail
Preparing Your Clothing Store for the Summer Months
The clothing industry is largely contingent on seasons. Making sure that your store is ready for the summer months is vital to success. There are many different aspects of your store that you need to optimize for the warm weather. Ensuring that you get these things done in a timely and efficient fashion can make or break your season.
Topics: Retail
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