The positive impact of local dollars, covid buying habits, bravery to start up, shrinkage and more

 

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 circulation of local dollars in the economy and how much businesses in local economies generate. A solid reminder of how you can communicate the impact your business has in your community.

We love a good start up and pop up story. We chatted about one this week as Dan discussed her bravery in getting started.

It might eventually affect your retail store. Is port congestion a concern to you? We’ll chat about that as well and of course, our retailer question of the week for Dan. This week a question about shrinkage and Dan shared three solid steps you can take to minimize it.

Do you have a question? Let us know, send an email to dan@thewealthyretailer.com

All of that and more so be sure to listen.

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

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All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

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This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

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