Real estate is one of the most critical strategic decisions that you can make when you are building your business. Whether you’re a franchisee, or you’re a franchisor and you’re trying to make your brand ubiquitous, you cannot be cheap with the real estate. You have to spend the money to get the best locations,
7 Steps-to-Success for Clothing Industry Start-ups entrepreneur.com entrepreneur.com – No industry is easy to break into, but that is especially true about apparel. While other industries enjoy a 50 percent or higher business success rate after four years, retail and apparel do not. Indeed, a full 53 percent of clothing lines will fold by the fourth year’s end. […]
How to Open a Clothing Store themarketingblog.co.uk – Opening a clothing store, or retail business for that matter might be your goal or your dream and it is certainly an attainable one with the right execution. Knowing how to do it and how to approach the situation is important as you set out your […]
6 Ways Retailers Can Profit From Baby Boomer Customer The buzz these days is all about the Millennials. But while this age group is an important one for retailers to capture, it’s not the only demographic that matters. Four out of five retailers say at least half their sales come from Baby Boomers, Chain Store Age […]
Retailers’ Holiday Strategy Doesn’t Have to Be “Discount Everything The final numbers are in for the 2016 Black Friday weekend, and the results appear strong. But there’s a surprising insight in the data released by the National Retail Federation: 36% of shoppers reported that all of their purchases were on sale; 11% made that claim in 2015. […]
8 Tips for Dominating Online Sales In the last decade, online shopping has grown from a convenience to a necessity. Before the internet, shopping involved a process of getting ready, driving through traffic and navigating through a crowded retail store that may or may not have the necessary item. The digital age has changed everything about shopping. Now, […]
Chain Store Closing Can Be Blow, Blessing for Small Business When big retail chains close stores, it can be a blow or a blessing for small businesses near the shuttered merchants. Many shoppers gravitate to a smaller store when one of the big players shuts down, says Aric Shlifka, the owner of Kiddles Sports in Lake Forest, […]
Turn Your Retail Salespeople Into Selling Machines in 5 Simple Steps By Rieva Lesonsky, CEO GrowBiz Media & SmallBizDaily.com You know your retail salespeople are an important part of your store’s success, but did you know they can actually boost sales? Shoppers who interact with salespeople in-store are 43 percent more likely to make a purchase, according to a shopper survey by […]
By Rob Starr Small businesses that deal in cash like food trucks and salons need to protect themselves against errors involving cash and theft. Here are 20 cash handling best practices your business should follow so everything runs smoothly. Cash Handling Best Practices Eliminate Slush Funds Cashiers in small retail stores are often expected to make up for shortages from their […]
A business plan is a road map for your business’s success. Here are six critical elements that every business plan should include.
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