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Inflection Points Bring New Retail Strategies
Might your retail segment be facing an inflection point, and if so, are you really prepared for it? Almost every company faces ongoing changes of one type or another in its industry, and retail is no exception. An inflection point occurs when an industry or segment faces lasting changes so large and significant that it calls for companies to adapt with a new strategy or ability to compete, or face what becomes an irreversible decline and failure. Such an inflection point may bring even greater opportunity than before for organizations who do figure out how to take advantage of it.

Employees make the Difference
If your store sells commoditieis or other items that can easily be found on the internet or at big box discounters, then you have to compete on service, not price. Leverage your employees to succeed.
Customer Loyalty
Customer Loyalty is a buzzword these days, but it is of critical importance to retailers. In a down economy it is crucial to take care of your existing customers because they demonstrate the best ROI on marketing efforts, and will help lead your sales out of a downtrun.
Are Multiple Supply Chains Important Survey Response 3
A 2006 Report made the following statement: "Designing and operating multiple supply networks to meet the needs of specific market segments--supply chain innovation and the use of multiple supply chains will be important to future revenue and market share growth." Based on your own experience is this an accurate assessment? If yes, why? If no, why?
Are Multiple Supply Chain Networks Important? (A PI Q and A) Track No. 2
The following is the second track from the still growing number of responses I have received from readers around the world regarding the question, “Are Multiple Supply Chain Networks Important?

Other box retailers Related Articles

Competition in Tough Times
How are small retailers supposed to compete against the big boys, especially in the current economic climate? Small retailers have several advantages, from obvious things like lower fixed costs, to intangible assets like customer service and name recognition. Refinining your position in every aspect of your business can make a huge difference to your bottom line, and how you support it.
Violence in Shoplifting
You will often hear the term “Shoplifting is a Victimless Crime”, this certainly is not necessarily always the case. With the rise in shoplifting there has become an increase in violence towards retailers and their employees. In some cases these are verbal assaults but in a growing number of cases it has become physical. Retailers need to recognize a potential danger to personal safety and take the appropriate action.

Emerging Technologies
Major retailers like Wal-Mart typically represent the leading edge in retail technology, but that doesn't mean small retailers should ignore these trends because "only the big guys are doing it"
Debits, the good kind!
Debit card transactions can be a bit of a mystery to retailers, since they are priced differently from credit card transactions. The industry lingo can be confusing and retailers end up paying too much to accept these payments.
Traditional Retailers Missing the Online Search Potential
A recent study by ‘Internet-Engine’ revealed that traditional retailers are extremely behind their online counterparts in typical online searches. At the same time, e-tailers have a sturdy base in search queries. The growing importance of search among online population depicts its remarkable potential to enhance business opportunities, which the traditional retailers are not focusing on.
Business Intelligence Gives Retailers Insight Into The Future
Wouldn't it be grand if retailers could have a way to predict the future of their business? Well, many retailers are doing just that.
Tough Times Demand Tighter Retail Security
Every retailer has a unique set of security challenges and, in the retail world, your security challenges never end. More retailers are realizing that using perimeter and anti-virus technologies alone are not enough. As someone once said, it's like locking your doors but leaving your windows open. Now retailers must take a lot more security measures. Here are some vital strategies retailers need to take for preventative measures against retail loss...
Is a climate of perpetual discounting limiting choice and eroding our quality of life?
Gerry Harvey, (Harvey Norman) was recently bemoaning the culture of discounting in our retail sector. He was saying that retailers had lost the plot and didn’t know how to sell real value anymore. He said they had fallen foul of a culture of constant discounting as the only way to attract customers, which was tantamount to business disaster and a degradation of the retail sector. I happen to agree with Gerry in this instance. He went further by saying that retailers were failing to find out what customers really wanted and what they really valued. He said retailers weren’t offering choice – a range of options of different value and therefore were not selling.

How to maximize store sales during the holiday season
The big question everyone is asking these days is if retailers are ready for the upcoming holiday season. There have been numerous predictions and discussions on how malls and retailers are going to fare. An article in the Wall Street Journal last Tuesday mentioned that forecasters expect a better season for U.S retailers this year, but prices will be more discounted to get consumers into the stores. Another article mentioned that the National Retail Federation expects holiday sales to rise 2.3% from last year. And The International Council of Shopping Centers predicts holiday sales to increase anywhere from 3% to 3.5%. The Corporate News Headline in the WSJ on Thursday was, “Malls begin the healing process, vacancy rate improved for the first times since 2006.” So, things seem to be looking up – BUT, are they?

Driving Retail Foot Traffic With Coupons And Free Stuff
Since the advent of the internet and online shopping, brick and mortar retailers have continued to lose more and more customers each year. The ease, comfort and privacy of shopping from home have made internet retailers some of the largest in the world.

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