Wanda Lenoir, Author at Cutting Edge Products

Tighter Budgets Cause Surge in MRO Projects

Posted by Wanda Lenoir
On August 21, 2023
Cutting Edge Products Magazine, Hardware and Building Supply, Hardware Stores, MRO Projects, Tighter Budgets, Wanda Lenoir

Last year homeowners tackled expensive renovations and were willing to wait months for the services of contractors. Disruptions in the supply chain created a ripple effect that caused contractors to search the market to obtain the materials necessary to fulfill contractual obligations. However, rising inflation, escalating material costs, and an unpredictable housing market have changed consumers’ perspectives. When people are uncertain about the future, they spend less on non-essentials and hire others to complete tasks they can do themselves.

Central Lumber & Hardware

Posted by Wanda Lenoir
On August 21, 2023
Central Lumber and Hardware, Cutting Edge Products Magazine, Do it Best, Harlowton, Montana, Paint & Sundries

The small town of Harlowton Montana, population about 1,000, sits beneath a bright blue sky framed by big snowy mountains. It was founded in 1900, as a station stop on the Montana railroad, and was named for Richard A Harlow, the company’s president. The state’s biggest city, Billings, is about 90 minutes away. With so few people in town, it takes someone with a pioneering spirit to successfully operate a hardware store. Jeff Sell, owner of Central Lumber & Hardware, is that person. The Do it Best store

Tap into the Demand for Cleaning Solutions

Posted by Wanda Lenoir
On August 21, 2023
Clorox, Cutting Edge Products Magazine, Household Cleaning, Impulse Items and Home, Wanda Lenoir

The Category is Thriving Research indicates the household cleaning supplies market reached $35.3 billion in 2022. The category is projected to grow at an annual rate of 4.9 percent and generate sales of $47.1 billion by 2028. Unlike many products that experience peaks and valleys, cleaning solutions are in constant demand, and manufacturers continually innovate to remain competitive. In such a broad category, it's easy for independent retailers to carve out a niche tailored to their customer base.

Weathering Slow Sales in the Lazy Days of Summer

Posted by Wanda Lenoir
On August 8, 2023
Cutting Edge Products Magazine, Spotlight on Business, Wanda Lenoir, Weathering Slow Sales in the Lazy Days of Summer

Now that people are spending time relaxing outdoors or enjoying summer vacations sales at most retail stores will slump a little. So, what do you do in the months between the two peak selling seasons—spring and fall? You get creative and come up with ideas for promotions and community events that your staff can implement without breaking the bank. Give people a reason to make add-on purchases when they come in to shop. It’s also smart to promote your business as a destination point by partnering with other businesses to hold events. These activities help build traffic and attract customers.

Prepare a Plan to Limit the Impact of Supply Chain Disruptions

Posted by Wanda Lenoir
On July 10, 2023
Cutting Edge Products Magazine, Spotlight on Business, Supply Chain Disruptions, Wanda Lenoir

Retailers know disruptions within the supply chain come with the territory and are often tied to events beyond one person's control. The best thing store owners can do is prepare to take action to minimize the impact on their customers and day-to-day business operations.

Battery-Powered Blower

Posted by Wanda Lenoir
On June 1, 2023
FALL 2021 LG, Spring 2021- LawnGarden

The STIHL BGA 200 handheld blower not only provides nearly 25% more blowing force than the BGA 100

Battery-Powered Kombimotor

Posted by Wanda Lenoir
On June 1, 2023
Spring 2021- LawnGarden

Part of the STIHL AP Series, the STIHL KMA 130 R KombiMotor gives professionals the ability to trim, prune, edge, clean, cultivate, and more with over 13 optional attachments

Thrifty Shoppers Shift to Low-cost Home Repairs and Buying Used to Save Money

Posted by Wanda Lenoir
On May 25, 2023
Cutting Edge Products Magazine, Spotlight on Business, Thrifty Shoppers, Wanda Lenoir

Keeping an eye on trends and economic indicators can help store owners determine what’s on the minds of consumers. It enables organizations to prioritize buying and selling the best products for specific markets. Retailers can also focus on critical aspects of the business that increase foot traffic and drive profitability.

Win at Retail by Flexing the Strength of Being Independent

Posted by Wanda Lenoir
On April 28, 2023
Cutting Edge Products Magazine, Independent Hardware Store, Spotlight on Business, Wanda Lenoir, Win at Retail

Customers shop the establishments operated by independent retailers for various good reasons. However, selling merchandise at discount prices may not rank high on their list. Shoppers typically find bargains or special offers on select products during limited-time sale events. Just as Walmart has built its reputation on reducing costs, independents understand that competing with the big boxes

6 Ways to Improve Profits and Combat Inflation

Posted by Wanda Lenoir
On April 19, 2023
6 Ways to Improve Profits, Cutting Edge Products Magazine, Improve Profits and Combat Inflation, Spotlight on Business, Wanda Lenoir

Although inflation is gradually dropping, interest rates are rising. So, consumers are being squeezed on both ends. The same is true for store owners. It will take dedicated actions to reduce inflation pressure on retail sales. It's critical to get the wheels moving now rather than later.

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