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
Made You Look Paco Underhill’s groundbreaking book Why We Buy explores the science of shopping. The New York Times review remarked that if anthropology had devoted a branch of study to “shoppers out shopping, interacting with retail environments, including but not limited to every rack, shelf, counter and table display of merchandise, every sign, banner, brochure, directional aid… Read More
Building Your Email List We’ve all seen the annoying pop-up ads that appear seconds after you visit a new website. They promise a chance to win $100, or to receive a special discount, when you sign up for the business’s email newsletter. Often they lead with headlines such as “Let’s keep in touch” and “Be the first to know… Read More
Promoting Valentine’s Day The National Retail Federation (NRF) notes that Americans spent more than $27 billion on Valentine’s Day in 2020. Remember that Valentine’s Day, just a few weeks pre-pandemic? Hopefully we’re on our way towards a return to the Before Times, and can promote Valentine’s Day the way we would have before COVID hit. As far back… Read More