We kicked it off with an interesting story about a new $25 million grant program for retailers. Dan shares some thoughts on why this Barterpay program is worth checking out. Big question posed. Why you should start (or buy) a fulfillment by Amazon Business in 2021. Dan reviews the pain points you might be experiencing […]
Here’s a headline that we like to see: store openings are outpacing closures in 2021.An interesting story about the Top 6 Trends for Boosting Your E-commerce. Within the story are some great reminders and tips of things you need to consider for your e-commerce offering.A story about merchants collaborating together for their shared success and […]
Some great stuff on the Wealthy Retailer podcast this week. We discussed a story about where Canadians spent the most money during COVID-19 pandemic. More importantly, we talked about what it looks like for the next six months and how retailers can adjust and plan for this. Dan really emphasizes the power of local […]
How digitally ‘found’ is your store. Our first story discussed this week included making sure that your retail store is Hyperpublished among other activities you need to focus on. We enjoyed a story about a young entrepreneur and how she has started and discussed how there are so many ways to start in retail now. […]
Thanks for joining us. Dan Holman, the Wealthy Retailer, shares the 20 key points you’ll need to undertake for the most successful 2021 possible. From Content creation, to clarity breaks, to profit planning and more. These are the things you’ll need to focus on for 2021. The Wealthy Retailer is hosted by Dan Holman. Join […]
Editor’s Note: This article was originally published on July 4, 2014 and was updated on January 20, 2016. The cost of new customer acquisition If you have ever watched Dragon’s Den, you are familiar with what happens when an entrepreneur doesn’t know his numbers. If Kevin O’Leary catches someone ill-prepared, you know you’re about to […]
Many retailers hire an accountant to take care of their income statements (among other things). A common trap is that, on paper your retail store may appear profitable – but in reality this “paper profit” may not equal the reality that you are finding it difficult to cover expenses each month. A well-integrated POS System […]
Anti Social Media – Our time to Shine by Scott Smith I had the distinct privilege of working with 50 of the most amazing minds in independent retail recently at an annual Management One® event in Arizona. The group was surveyed and asked what the most significant change and/or opportunity would be in retail 2020. […]
Selection, Service & Price In a recent discussion with our General Manager and Management One Winning@Retail consultant, Scott Smith, we discussed the discomfort that many retailers feel when thinking about the reality of the proliferation of Big Box retailers in the Canadian retail space. The reality is that independent retail can prepare itself for competition […]
by Marc Weiss of Management One® Retailers spend more money on inventory than any other single expense. It follows then that managing inventory is the single most critical part of a retailer’s success. If inventory arrives at the right time in the right amounts, then there is the opportunity to capture market share. The old […]