Weathering Slow Sales in the Lazy Days of Summer

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.
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Prepare a Plan to Limit the Impact of Supply Chain Disruptions

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.
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Create a Shopping Experience that Keeps Customers Coming Back for More

Create a Shopping Experience that Keeps Customers Coming Back for More

  • Posted by Contributor
  • On June 5, 2023
  • Cutting Edge Products Magazine, Shopping Experience, Spotlight on Business, Wanda Lenoir
When it comes to customer service, shoppers think independent retailers are the champions of the home improvement industry. Most people can share a story about making a quick trip to the hardware store to take care of an emergency home repair. Or maybe they dropped by to get encouragement to finish a DIY project that somehow went wrong.
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Thrifty Shoppers Shift to Low-cost Home Repairs and Buying Used to Save Money

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.
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Win at Retail by Flexing the Strength of Being Independent

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
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6 Ways to Improve Profits and Combat Inflation

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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Promoting Sustainability is Essential to Selling to Younger Pet Owners

Promoting Sustainability is Essential to Selling to Younger Pet Owners

  • Posted by Wanda Lenoir
  • On April 3, 2023
  • Cutting Edge Products Magazine, Selling to Young Pet Owners, Spotlight on Business, Wanda Lenoir
Retailers selling pet food-related products that enhance the well-being of household pets across the country should be aware of sustainability, humanization, and premiumization in increasing sales. These factors directly correlate to the growing popularity of organic foods, supplements, clean protein, and the vegan pet market. Understanding what motivates buying decisions
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Ideas for Building a Stronger B2B Customer Relationship

Ideas for Building a Stronger B2B Customer Relationship

  • Posted by Wanda Lenoir
  • On March 20, 2023
  • Cutting Edge Products Magazine, Ideas for Building a Stronger B2B Customer Relationship, Spotlight on Business, Wanda Lenoir
Servicing other businesses can significantly increase revenue and open the door to other opportunities. While every customer is an asset, the financial stakes are even higher when maintaining a relationship with professionals, companies, schools, and government agencies. These relationships can be demanding and complex since multiple individuals may be involved in the procurement process. These are valuable contacts, with each touchpoint being an opportunity to demonstrate your expertise in customer service.
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Focus on Moving Your Business to the Next Level of Success

Focus on Moving Your Business to the Next Level of Success

  • Posted by Wanda Lenoir
  • On February 27, 2023
  • Cutting Edge Products Magazine, Focus on Moving your Business, Spotlight on Business, Successful Retailers, Wanda Lenoir
Successful retailers develop a comprehensive strategy and execute it based on the plan. Independent hardware stores and home centers are unique businesses catering to specific customer segments. Owners have no desire to operate scaled-down versions of Walmart or Home Depot—they are proud to be authentically different. Thriving businesses should continually look for growth opportunities
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Personalize Service to Reflect Generational Preferences

Personalize Service to Reflect Generational Preferences

  • Posted by Wanda Lenoir
  • On February 14, 2023
  • Cutting Edge Products Magazine, Personalize Service to Reflect Generational Preferences, Spotlight on Business, Training Employees, Wanda Lenoir
Consumers have expectations about the service they want to receive. For some generations, it's higher than others. However, what's required to deliver an exceptional shopping experience continues to evolve, placing greater demands on retailers. Businesses often assume customers are happy with their service if they receive few complaints. Staff members are trained to manage challenging
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