Play Offense! Changes are happening daily! Be Ready to Stop.Pivot.Reset. Numbers Know that Cash is King now. More than ever we have to protect it Ask your Landlord for rent abatement for NOW – not deferral – Abatement! Then continue the conversation to see what the next month brings. We have a great email template to share about it – … Read More
Three tips from Chance The Rapper!
Do you know Chance the Rapper? In case you don’t… Chance the Rapper, whose real name is Chancellor Johnathan Bennett, has become one of the biggest breakout stars these past couple of years, claiming his fame in such a unique and unorthodox way. All of his music is free and he has avoided major labels that wanted to sign him. … Read More
A Retailer’s Guide to Margins: What Retailers Need to Know to Build a Profitable Business
No word is more important to retailers than Margins. It is crucial to building a profitable business. However, this most critical term is also the most misunderstood. What is Gross Margin? Margin refers to the retail term Maintained Markup (MMU) which is the same as the general accounting term Gross Margin. It is the difference between sales and cost of … Read More
Does Your Team Have Those Winter Blahs – It’s Your Fault – Want To Fix It?
The difference between a wildly successful season and a good or bad one almost always comes down to one element. The difference won’t be the economy, the political landscape, what the competition does, or how you do your windows. The difference will be you. There is an intangible vibe that separates a winning season – and a winning store – … Read More
How to Boost Slow Sales No Matter the Season
Retail has its ups and downs, and periods of slow sales happen. Whether it’s freezing temps keeping people inside, a post-holiday slump, or just a quiet time of year, it can feel like forces beyond your control are affecting your store’s success. But here’s the truth: You are never powerless in your business. Instead of blaming external circumstances, successful retailers … Read More