The main goal in any retail operation is to make sales. For this reason, you go to some trouble to create displays and pathways throughout your store that encourage browsing and facilitate buying. That said, you also want to create a welcoming and memorable retail experience, and this requires you to add ambiance to your Read More …
Whether you run a clothing store or your retail location simply offers a lot of apparel, you’re sure to have a chunk of inventory on hangers and racks. While this is an excellent way to maintain organized displays in your store, swapping out inventory en masse can get tricky when you’re fumbling with an armload Read More …
You might think selling goods in your retail store is as simple as placing them on shelves, but there’s a lot more to the psychology of selling—from the colors you use to catch attention, to how you price your wares, to where you place them on shelves—the ones at eye level are likely to be Read More …
The market for luxury goods in the U.S. may grow slowly, but it still leads the world as an estimated $85 billion industry, and growth is relatively steady (roughly 5% annually), thanks to a growing economy and international tourism. Plus, the forecast for luxury goods is extremely positive, with an estimated growth of more than Read More …
The days of rum-running or bootlegging moonshine have long since passed. The end of prohibition may have legalized liquor sales, but it also brought about a laundry list of regulations that must be followed if you plan to engage in liquor sales of any kind. Owning and operating a liquor store could bring you a Read More …
Popup shops are nothing new. We’ve all seen Halloween stores and seasonal kiosks selling calendars and stocking stuffers in malls. In the last several years, however, setting up limited engagement popup shops has become something of a marketing blitz for new brands looking to grab attention, as well as established retail enterprises seeking new audiences Read More …
Owning and operating a business is a dream for many. If you’ve spent years in careful planning, you may finally find yourself in a position to open your own retail store. Congratulations on taking the leap and becoming your own boss! Now what? Even with a solid background in the industry in which you plan Read More …
You might not have the budget to completely overhaul your store décor, but that doesn’t mean you can’t see an improvement by spending just a little on targeted upgrades. Even if you’re working with a tight budget, say a couple hundred dollars, there are a few small purchases that could help you to improve the Read More …
The holiday season is major for retailers that want to rack up last minute sales before the calendar year ends. With enticing holiday displays, promotions, and a strong marketing strategy, you can really boost your earnings before ringing in the new year. The next question is, what you will do with your holiday windfall? If Read More …
The appearance of your retail store is important, which is why you put so much thought into the many visual elements that make up your shop, from logos and signage to merchandise displays and window dressing. Utility, however, is also crucial. You need to make sure your store is safe and functional for customers and Read More …