How to get rid of old inventory? This was a question that came through in our retail community, and it is a great one that highlights a situation many store owners find themselves in: How do I get rid of old inventory with enough profit to purchase new inventory and keep my customers coming back for new, beautiful merchandise? SO … Read More
Is the Battle Between Indie Retail vs. Big Box Real?
I am the first to agree that independent retail comes with its fair share of challenges and obstacles. So is the battle between indie retail vs. big box real? Truthfully? There are many store owner misconceptions – that creates obstacles that otherwise wouldn’t be there. I find that the fourth quarter and holiday season tend to bring these misconceptions, fears, … Read More
10 Top Tactics to Manage Your Cash Flow Better
After having been in retail for over 30 years, there are proven tactics that work well in keeping your finances and operations going smoothly. Each one is tried and true. Most come from mistakes that I have made that I don’t want you to make. There is such value in getting an outside perspective on your own business. It’s why … Read More
Top 9 Retail Things Rodeo Dr. Taught Me
The mecca of retail is Rodeo Drive in Beverly Hills. Every brand name wants to be on that street. Every retailer dreams of it. We brought our clients to learn and experience it. We are always challenging them to think bigger. In order to think bigger – you have to experience bigger! Our visit was a fascinating journey of joy … Read More
Indies vs Amazon – Who won on Amazon Prime Day?
Last week we shared about Amazon’s self declared holiday. Every where we read said that it would be bigger than Black Friday. At first we got mad……then we chose to get even! We came up with a 9 point plan for Indies to take on Amazon on Prime Day. The revolution has started! How did Amazon do? Not so well. After … Read More