by admin | Feb 22, 2023 | Brick & Mortar, Retail Economy, Retail Strategy
A funny thing happened on the way to the next recession: the consumer said, “No thanks.” With surprisingly strong retail sales numbers for January, shoppers are continuing to act like it’s business as usual when it comes to buying things. Driven by high employment...
by admin | Feb 20, 2023 | HR, Resources, Retail Strategy
With the rise of online shopping, retailers have to work harder than ever to attract and retain customers. Contrary to the old saw, shoppers only care about price; what shoppers are really looking for is relevance. Shoppers often find relevance in...
by admin | Feb 15, 2023 | Accounting and Business Services, Associate Members, Brick & Mortar, Resources, Retail Strategy
In our experience as diligence providers and financial advisors seated on each side of the deal, there are too many times we see owners leaving money on the table because they haven’t spent the time and effort necessary to put policies, procedures, and proper...
by admin | Feb 13, 2023 | Brick & Mortar, Community, Merchandising, Resources, Retail Strategy
Visual Merchandising is something many retailers feel challenged by. What to put in the store window? What to put with it? How much to put in the window? These are great questions to ask yourself. After all, your window is your brand. It’s a physical...
by admin | Feb 8, 2023 | Brick & Mortar, Consumer Behavior, Customer Loyalty, Customer Service, Retail Strategy
Credit: Getty Images by Daniel Milchev No two customers are the same, yet they share many of the same goals and behaviors. An insightful, 18-month-long study of critical purchasing patterns discovered that shoppers fall into five categories: the...
by admin | Feb 5, 2023 | Brick & Mortar, HR, Retail Strategy
Photo: Getty Images/FG Trade A university study concludes businesses, including many retailers, are increasingly giving workers promotions with “fabricated” managerial titles but no wage upgrade to avoid paying them overtime wages. Researchers from Harvard...