Archive for October, 2009
Monday, October 19th, 2009
Planning for the Holidays
Retailers are entering the fourth quarter with many significant and important questions. The way they respond to these inquiries and respond to the circumstances will dictate their success. Three of the most fundamental questions I see are:
What will traffic be in the store?
What will sales be?
What will margins be?
Let’s apply some logic to see if […]
No Comments » - Posted in Holiday Related, Inventory Planning, The Recession, inspiration, strategy, and metrics, retail and macro-economics by Evan Wise
Monday, October 19th, 2009
Retail Quote of The Day
There May be Gold in that Silver Lining
Twentieth century composer John Cage once said, “I can’t understand why people are frightened of new ideas. I’m frightened of the old ones.” Although the enlightened artist passed away in 1992, his words couldn’t have been more appropriate in today’s business climate. Just like fresh goods […]
No Comments » - Posted in Retail Quote of the Day by Marc Weiss
Sunday, October 18th, 2009
TURN YOUR BUSINESS AROUND
“Turn turn turn, see whats become of me” was prophetically written by Simon and Garfunkel over 40 years ago. I am not sure if they were thinking of retail at the time but truer words could not be sung. Retail is based on buying goods and then selling them for more than you paid for […]
No Comments » - Posted in Inventory Planning, inspiration, strategy, and metrics by Evan Wise
Thursday, October 15th, 2009
Dick Hite and Norton Ditto
M1 Shines
In this month’s “Merchant Prophet”, Norton Ditto’s success is discussed: “(Dick Hite) knew that the key to turning around Norton Ditto’s fortunes would be based on implementing an effective Open to Buy plan to increase their profitability. One of the most important relationships he developed was with Management One®, one […]
No Comments » - Posted in Affiliate Accomplishments, Client Accomplishments by Evan Wise
Thursday, October 15th, 2009
The Retailer’s Quest to Strive, Survive and Thrive
Hopefully the Great Recession of 2009 is starting to see a turning point and slight optimism is emerging in the media, in the market and on the street. I am reminded about growing up with parents who were a product of the first Great Depression and how they were against taking on debt to get […]
No Comments » - Posted in The Recession by Evan Wise
Thursday, October 15th, 2009
What is happening to us
Since 1950 we have allowed our standards to increase at a steady pace. If each of us went back to the standards of 1950 we would do fine.
No Comments » - Posted in The Recession, retail and macro-economics by Evan Wise
Friday, October 9th, 2009
You’re the Boss
”6 Ways to Deal with Small Business Stress”
Good article forwarded to me by Neal Esserman. Worth the read
<a href=”http://boss.blogs.nytimes.com/2009/10/06/six-ways-to-deal-with-small-business-stress/?emc=eta1″>