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10 Tips For Successfully Opening And Managing Your Retail Store

Strategy Driven

You can see that America had 442,000+ retail stores back in 2019, and these numbers are bound to increase. So, here are a few tips to help you open and manage your retail store in this ever-changing economy: 1. Display Your Goods Remember the ABCs of merchandising, i.e., attractive, branded, and captivating.

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Brilliant Boutique: 10 Keys To Lasting Small Business Success

Terry Starbucker

It wasn’t hard to like Sarah Young as soon as we walked into her downtown store back in 2010, when we first moved to Portland. Before SaySay) I’d always worked retail as a part-time job in addition to my full time “real” job, because I loved it. You can do it without outside financing. I don’t want to be swayed.

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How Retailers Can Appeal to Lower-Income Shoppers

Harvard Business Review

This blog post is part of the HBR Online Forum The Future of Retail. Retailers face several challenges as they enter the 2011 holiday season. Gas prices have risen 90% from 2008 to 2010, leaving consumers with $160 billion less spending money per year. Unemployment remains high. cost per meal) or at an individual unit level.

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How Retail Can Thrive in a World Without Stores

Harvard Business Review

To embrace this market shift, retailers will need to experiment with a range of technologies and strategies across marketing, supply chain, and merchandising. When eyeglass maker Warby Parker launched in 2010, its founders had $2,500 seed funding and impressive business school pedigrees. They want options, too.

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Leadership and Breaking the Rules

You're Not the Boss of Me

This post is a refreshed version of one I wrote in 2010. As they often say in retail stores about handling merchandise, “ If you break it you own it”. So here is my perspective on rules, along with a couple of things to think about before deciding to break them. =. So, having said all of that, I have a confession to make.

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Breaking the Rules

You're Not the Boss of Me

As they often say in retail stores about handling merchandise, “ If you break it you own it”. Terry Reply Gwyn Teatro November 8, 2010 at 5:06 pm Hi Terry, I like what you have to say about universal laws serving as our foundation. Breaking an established rule usually comes with a measure of risk. It’s a time to laugh.

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Know When to Kill Your Brand

Harvard Business Review

The brand died a slow death, beginning when Blockbuster filed for bankruptcy in 2010 and then ultimately when its acquirer, Dish Network, decided to shut down all video rental operations in 2013. The owners of Service Merchandise and Woolworth’s have both benefitted from this line of thinking.

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