Blog Profile / Specialty Retail Blog
| URL : | http://www.specialty-retail-blog.com/blog/ | |
|---|---|---|
| Filed Under: | Industries / Retail | |
| Posts on Regator: | 205 | |
| Posts / Week: | 0.8 | |
| Archived Since: | March 5, 2008 | |
Blog Post Archive
Panic or Planning?
Making good retail decisions is about more than just gathering lots of data. It requires a gift to tease trends and insight from that haystack of data. How many transactions are there in your business each month? How many orders are placed each season? How many markdowns are taken? With the POS system collecting all [...]
Merchandise Planning to Help Your Business “Win @ Retail”
Management One’s Merchandise Planning to Help Your Business “Win @ Retail” article featured in Point of Sale news.
Management One is a Cash Seeking Missle
One of our affiliates laid this term on me and it really made sense. Too often we find retailers focused solely and primarily on sales. Sure, sales are important. But not nearly as important as cash when you have bills to pay. Once a retailer begins to focus on cash there are many decisions that [...]
Planning and Buying- a retail conundrum
One fundamental of retail that has evolved as the retail becomes more complex is the necessity to split the duties of planner and buyer. The strategy of the buyer being also responsible for planning duties brings complications. First is that it erases a level of objectivity. Another is that the time planning takes away from [...]
Sculpting a Great Retail Staff
A great retail staff is not simply born. Creating a great staff is the responsibility of the owner and managers. When a manager blames an employee for not doing a job correctly, three fingers point right back at the manager. A Management One® affiliate is a partner in the process for clients who want to [...]
Retail Quote of the Day
“The greatest gifts you can give your children are the roots of responsibility and the wings of independence.” – Denis Waitley
Management One® Presents: RETAIL IS DETAIL
Thursday, February 21 at 12:00PM EST/ 9:00AM PST, Marc Weiss will be presenting the webinar Retail is Detail – The Sum of Doing a Lot of Little Things Right. Too often retailers look for a magic wand to fix or grow their business. There are times when an item or a vendor gets so hot [...]
Simplification and Accuracy
“Are you getting the right Key Performance Indicators so that you can measure your business? If you can’t measure it you can’t grow it.”
Is Past Prologue?
Another in a series of posts discussing Nate Silver’s observations in “The Signal and the Noise.” “How do we reconcile the need to use the past as a guide with our recognition that the future may be different?” (para 2 page 16) The past is a window to the future is the general belief and [...]
Avoiding Groupthink
Another in a series of posts discussing Nate Silver’s observations in “The Signal and the Noise.” “partisan beliefs can upset the equation in which more information will bring us closer to the truth” One of the problems with our politics today is that there are so many sources of news, information and analysis that we [...]
Objectivity and Success
This is another posts on the observations in Nate Silver’s book “The Signal and the Noise.” The ideas which follow are his. “the word objective means seeing beyond our personal biases and prejudices and toward the truth of a problem” page 72, paragraph 5 Often when we meet retailers that can benefit from professional merchandise [...]
Do I Open More Locations?
Running one retail store is very different than running 2 to 1000! One of the challenges is consistency. Your customers will see your brand and not only your store. A stock-out in one store will deter a customer from shopping at other stores. Your reputation will stick to you like glue! The same goes for [...]
Two heads are better than one
I am reading Nate Silver’s new book, “The Signal and the Noise” so I will take you through some of my key observations from this well written book. I will do that in a series of Blogs that allow me to pontificate based on his observations. Always keep in mind that the observations are his [...]
Retail Quote of the Day
“No matter how much cats fight, there always seem to be kittens.” - Abraham Lincoln
Forecasting & Planning
At Management One®, our view of the world is looking forward to predict the future and looking backward to find the relevant clues from the past that can help us see the future more clearly. Forecasting is not always as easy as your local meteorologist makes it seem. Inaccurate forecasts can have devastating effects both [...]
In the Spotlight
American Express, in its Open Forum column, selected affiliate Dan Jablons (Los Angeles, CA) as its sole expert to source for tips in dealing with the upcoming sales rush, on “how to scale both your inventory and staffing needs.” The column went on to state that Dan’s tips were not just for the holidays, but [...]
How good is a forecast if you need to change it?
Another in a series of posts discussing Nate Silver’s observations in “The Signal and the Noise.” “ Antoher misconception is that a good prediction shouldn’t change” (para 1 page 65) “When the facts change, I change my mind,” said John Maynard Keynes. (para 3 page 65) Sometimes we have clients that question why we redo [...]
The Retail Lesson from Hurricane Sandy
Change is not easy especially when it is forced on you. Retailers affected by Hurricane Sandy now have a new story to tell and a new set of beliefs based on the past months. This retail shakeup can be the best thing that ever happened if you develop the right strategy, make decisions based on [...]
Do-It-Yourself Tech Support?
Keeping your POS system running while you are tending to your store.
In the Spotlight
James Hallman’s (Atlanta, GA) client Lou Lou (Dallas, TX) was selected as the Readers’ Choice Winner for the Best Shoe Store in Dallas in Big D Magazine’s “Best of Big D” special edition. Doug Hilficker’s (Chicago, IL) client Jodi K’s (Cedar Rapids, IA) was named winner for Best Boutique for Professional Women’s Clothing by survey [...]