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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. Attract Potential Customers A clean, clutter-free, and well-stocked retail store will attract more customers.

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How to Tell an Amateur Retail Salesperson From a Professional

Strategy Driven

Perhaps, upon entering a retail establishment, you have heard one or more of these commonly used sentences: “Hi, can I help you?”. “Is These are hallmarks of retail sales amateurs. There may be a time and opportunity to use these types of questions however true professionals in retail sales do not use them to open a conversation.

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Become a Brand Renegade

Leading Blog

O VER THE PAST FEW DECADES, we’ve seen several examples of “brand renegades.” We designed our studios to look like high-end retail stores, such as Louis Vuitton and Dolce & Gabbana. Our end goal was to hire not only the artist and body piercer with the most talent but someone who understood and could adapt to our company culture.

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How to Run a Retail Store That Outsells the Competition

Strategy Driven

If you own a retail business and you aren’t satisfied with just being part of the bunch, then you’re probably looking for some tips to go about out-selling the competition and really carving your mark in the industry. Most retailers are facing pretty strong competition these days, so the idea of outselling them all can be rather intimidating.

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How to Launch a Sustainable Business

Strategy Driven

Within your business plan, you should include all the details of your new sustainable business, including your goals and expected growth timeline. For example, if you are launching a business within the hospitality sector, you may want to source local ingredients. Also, make sure you include your intended green initiatives.

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IKEA AI Literacy Initiative Sets The Standard—The Future Is AI

HR Digest

The IKEA AI organization-wide initiative is a great example of how the rise of AI does not have to force a business to compromise on growth or retention in order to keep up with the times. These trainings are being actively steered by Ingka Group , the largest retailer of IKEA representing about 90 percent of the company’s sales.

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How Leaders Make Business Metrics Meaningful

Let's Grow Leaders

Messing Up Measurement Here’s an example to help explain. And your business metrics matter – a balanced scorecard, with well-selected key performance indicators, will reinforce your strategy and align actions with goals. For example: How long do they have to wait, and can they get their issues resolved to their satisfaction?

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