The Sustainable Shopkeeper At the World Retail Congress held this month in Rome, the first of “Retail’s Strategic Pillars” was Our Planet. “Retailers and the retail industry have to take a proactive leading role in affecting genuine, positive change. There are big challenges for retailers to tackle, and to tackle urgently,” according to the organizers of this year’s… Read More
Customized Creativity What sets your shop apart from other stores in your area, as well as your big box and online competitors? If your merchandise selection comes entirely from the same sources, the line may be a thin one. But today it is simple to include at least some items that are exclusively yours by taking advantage… Read More
Small Business Week Next year will mark the 60th anniversary of Small Business Week, but you’ve probably never heard of it. This weeklong event, established by a proclamation from President John F. Kennedy, has been completely overshadowed by its 12-year-old nephew, Small Business Saturday. But celebrating the original event has two things to recommend it: it takes place… Read More
What is Cryptocurrency? You may never need to know about Bitcoin, Litecoin, Ethereum – or any of the other types of cryptocurrency – but since customers can now use “crypto” to pay for purchases at Whole Foods and Starbucks, it’s a good idea to become familiar with the term. According to Merriam-Webster, cryptocurrency is “any form of currency… Read More
Taking Action Many of the locally owned shops and restaurants in our community have been moved to raise funds to help Ukrainian refugees. Our store is no exception – we have carried supplies for making Ukrainian eggs for decades, so we feel a special kinship with the culture and people of Ukraine. Deciding to get involved in… Read More
Shoplifting Hurts Retail theft has always been a problem for shopkeepers, even if it’s just a young kid stealing candy on a dare. We take it personally, because it’s our hard-earned money disappearing out the door. There is a real sense of violation that comes every time you discover that someone has shoplifted from your store. Unfortunately, … Read More
The New Normal Retailers across the country are wondering whether we’re ready to return to normal as the pandemic appears to finally be receding. It’s been a long two years, with hardships for many small businesses that we couldn’t have dreamed of in March, 2020. I’ve been asked more than once if the 4th edition of Specialty Shop… Read More
Easter Promotions While April 17 isn’t the latest that Easter can fall (that honor goes to April 25), the fact that it is so late this year means extra time to promote the holiday. And as COVID finally seems to be receding, consumers are looking forward to a return to the kind of celebrations they held pre-pandemic. … Read More
Silver and Gold “Make new friends, but keep the old – one is silver, and the other gold.” These lyrics, from one of my favorite Girl Scout campfire songs, are a good reminder that although we value our existing customers, it’s also important to constantly cultivate new ones. New Friends and Old Friends is actually a 19th century… Read More
Inflation’s Impact The consumer price index went up 7% in 2021, which according to Bloomberg was the largest 12-month gain in almost 40 years. This really hit home last week when I heard that our local dollar store just changed it’s one-size-fits-all price from $1 to $1.25. And while this year’s rate is predicted to be 7.5%… Read More