Archive for December, 2011

Price is not everything

Price is not everything

December 15, 2011 |

It is important to remember that price is not everything. Value is. There are many, many consumers out there willing to pay more for an item when they see value. Benefits such as … a clean, well maintained store that has an excellent reputation for both quality products and service excellence, professional staff that are both friendly and knowledgeable, staff that is […]

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Consistency

Consistency

December 9, 2011 |

All of us are looking for success in our retail businesses. Apart from and beyond everything else, sustainable success requires consistency. What do we mean by that? We mean being consistently great in all aspects of our retail business. Short term successes are possible due to some lucky combination of factors. But, we can’t rely on lucky combinations. […]

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The Power of Association

The Power of Association

December 5, 2011 |

The Power of Association is too real: It might sound strange, but sometimes depending on your situation, the less you associate with some people, the more your life will improve. Any time you tolerate mediocrity in others, it increases your mediocrity. An important attribute in successful people is their impatience with negative thinking and negative […]

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Tips on Peak Season Trading

Tips on Peak Season Trading

December 4, 2011 |

Regardless of the economic outlook, you can rest assured that many people will be in your stores this holiday season. They may be working with a tighter budget, or they may not.They may be more discerning, or they may not. Whatever happens you still need to be prepared. There are things you need to do […]

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The Answer to Vacant Retail Space

The Answer to Vacant Retail Space

December 2, 2011 |

Having walked around in various CBD’s as well as some major shopping centres, one can’t help but notice numerous and rather large and empty retail spaces. Not only is it unsightly, it also made me wonder firstly what visitors impressions were to those specific area/s or shopping centre/s they were spending their hard earned money […]

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