Archive for August, 2009
Monday, August 31st, 2009
Why do stores stay vacant?
Typically, if demand for a thing drops price drops with it. Sales are used to clear out old inventory. Why, then, are there still so many boarded up storefronts? Megan McArdle speculates that stores are reluctant to lock in at low rates and stores which require investment are reluctant to take advantage of short term [...]
No Comments » - Posted in The Recession,negotiating,retail and macro-economics by Ryan
Saturday, August 29th, 2009
Bop a Bunny
I was waiting for my wife to shop at the mall the other day and began watching kids at an arcade. The game that intrigued me the most was something like Bob a Bunny. I used to play that with my kids and was surprised to see it still existed. The difference was this time [...]
1 Comment » - Posted in change,inspiration, strategy, and metrics by Evan Wise
Monday, August 24th, 2009
Figuring out the market mentality
Just like the rest of America, I was shocked to see the major US banks post huge profits. These are the same banks that were about to fail a few months ago if swift inputs of huge cash infusions were not made immediately. My concern is what the effects of this huge shift would be [...]
No Comments » - Posted in change,retail and macro-economics by Marc Weiss
Monday, August 17th, 2009
Starring Role
Laura B. Van Camp, owner of Jean Theory, Ken Rodriguez’s (Baltimore, MD) client in Charlottesville, was recently interviewed by public radio’s Sandy Hausman as to why the designer jeans shop seems to be doing so well!
No Comments » - Posted in Client Accomplishments by Marc Weiss
Monday, August 17th, 2009
A New Tack on Marketing
Marketing is taking a bigger role in most retail operations as customer’s loyalties are being re-examined and their buying habits are morphing in response to the shockwave the recession sent through their households. There are many changes occurring and staying up with those can be challenging. One change that makes sense is called Random Acts [...]
No Comments » - Posted in selling by Evan Wise
Monday, August 17th, 2009
Are All Directions Equal?
Every company today is about service. We are no longer a product oriented economy but rather a service economy. Most people believe that means we don’t manufacture goods but just provide services. That interpretation is a cop out! The real meaning is that, regardless of what you provide customers, service has become an important part [...]
No Comments » - Posted in inspiration, strategy, and metrics,selling by Evan Wise
Sunday, August 16th, 2009
Bop a Bunny
I was waiting for my wife to shop at the mall the other day and began watching kids at an arcade. The game that intrigued me the most was something like Bob a Bunny. I used to play that with my kids and was surprised to see it still existed. The difference was this time [...]
No Comments » - Posted in Uncategorized by Marc Weiss
Sunday, August 16th, 2009
Cost of Goods Sold
When reviewing your financial statement there are several key elements that determine profit: Net sales- the amount of sales during the reporting period. This amount reflects the total value of merchandise sold to your customers. Markdowns are subtracted and sales tax is not included in Net Sales. Some other caveats to remember is that gains [...]
2 Comments » - Posted in "Cost of goods sold",Inventory Planning,inspiration, strategy, and metrics by Marc Weiss
Thursday, August 13th, 2009
Jeans sales up
TheStreet.com has an interesting article on the excellent performance of distressed jeans.
No Comments » - Posted in Hot Items by Marc Weiss
Monday, August 10th, 2009
The Future of Specialty Retail
With the many changes in the economy, everyone seems to have a different prediction about about what kind of retail landscape will remain after the tremors of the recession dissipate. One view is that the future is in single branded stores run by vendors. In this scenario, small independent specialty stores cannot survive because of [...]