Paper or Plastic, Ma’am? "Thousands of jostling, combative women began lining up at 2 a.m. at Sainsbury’s stores one night for the chance to buy £ 5 shopping bags that had been advertised in various fashion magazines and were printed with the words "I am not a plastic bag," according to Sarah Lyall, author of The Anglo Files. It… Read More
Heavens to Etsy Does Etsy.com get your vote as one of the most innovative marketing web sites? That probably depends on whether they are competing with your shop for customer dollars, or allowing you to find new and unusual sources for handmade merchandise — and perhaps even a new way to supplement your store’s sales. I recently discovered a… Read More
Expect the Unexpected You would never guess that the young Frenchman on the right in this booth at the New York Gift Fair is fluent in Japanese, but then you also wouldn’t guess that the French pastries they are selling are actually made up of washcloths and hand towels. The fabrics are cleverly folded to resemble cakes and… Read More
At Your Service Picture yourself shopping for a wedding gift at WalMart. A friendly and knowledgable salesperson instantly appears as you are looking at a set of glass bowls, and tells you about the artisan who made them. When you admit that they’d be perfect if only they were blue instead of pink, she offers to special order… Read More
LIFO, FIFO, it’s off to work we go Are your inventory dollars working as hard as you are? Inventory management is more important than ever in these challenging economic times. Few retailers can afford to have their open-to-buy funds, often borrowed at a high interest rate, tied up in idle inventory. The key to making sure that your inventory is turning regularly is… Read More
An International Springboard It’s not easy to run a store and still have time to keep your finger on the pulse of inventive retailing around the world. The Dutch web site Springwise.com can give you "your daily fix of entrepreneurial ideas" with the simple click of your computer mouse. Springwise, established in 2002, claims to be one of… Read More
Personality, Purpose and Passion If you are an independent retailer, getting up each morning to do battle against the big box stores and the online mega sites, here is a source of inspiration: over 1,500 people have signed the “Declaration of Indie Bound,” which starts with these stirring words: “When in the course of human events it becomes necessary… Read More
The Name Game Can you believe that a major national chain forgot its own name and left this sign in their parking lot reading “Thank you for shopping at …..”? (If you wonder which retailer it was, read on.) One of the fundamental principles of advertising and brand awareness is the importance of repetition. The more times you… Read More
I’ll Bet You’re a Genius “Geniuses are the luckiest of mortals because what they must do is the same as what they most want to do,” to quote to W. H. Auden. I assume that if you own a retail store, you chose the focus of your merchandising because of your passion for the product, so offering that line of… Read More
Be My Gu-est "Give your target customer more of what they want and less of what they don’t want, and you have a great chance of winning”. This is important advice from Will Ander and Neil Stern, co-authors of Winning At Retail: Developing a Sustained Model for Retail Success. Their book is one of the sources I recommend in… Read More