Wanda Lenoir Archives - Page 6 of 6 - Cutting Edge Products

Costs Up and Sales Down? Take Steps to Increase Profit Margins

Posted by Contributor
On November 2, 2022
Cutting Edge Products Magazine, Motivate Employees, Spotlight on Business, Wanda Lenoir

Some retail operations face an uphill battle to generate sales this holiday season. Yet, there may be better options than taking drastic measures to increase profit margins. When confronted with spiraling costs due to high inflation, retailers may opt to lay off loyal employees or give the store away by offering shoppers exorbitant discounts. There are ways to deal with rising costs and declining sales that can improve operations and provide long-term benefits.

6 Ways to Motivate Employees Beyond Pay and Benefits

Posted by Wanda Lenoir
On October 19, 2022
Cutting Edge Products Magazine, Motivate Employees, Spotlight on Business, Wanda Lenoir

Home improvement retailers know the people they employ are critical to the success of their business. However, it can be an ongoing challenge to hire and retain employees who share your vision, are consistently productive, and display a positive attitude. Yet, it's possible. Some hardware stores experience little turnover and have maintained a top-notch staff for years

Positive Ways Leaders Can Help Employees Manage and Accept Change

Posted by Wanda Lenoir
On October 6, 2022
Cutting Edge Products Magazine, Holiday Planning, Spotlight on Business, Wanda Lenoir

When will things get back to normal? The reality is life will never be the same as it was ten years ago, two years ago or even yesterday. While change typically happens at a slower pace than it has during the pandemic—it is a constant occurrence that requires us to adjust our behavior and think differently.

Get Started! 4 Tips to Plan Holiday Promotions that Work

Posted by Wanda Lenoir
On September 20, 2022
Cutting Edge Products Magazine, Holiday Planning, Spotlight on Business, Wanda Lenoir

So, are you getting your store ready for the holidays? It may seem a bit early, but September is the best month to start planning the promotions your business will need to bring in holiday shoppers. The retail environment is unpredictable for major big box retailers regarding excess inventory and supply chain issues.

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