Archive for the 'Tools' Category

Boost Profitability with Category Management

Category management is a vital aspect of business management, promising tangible benefits that require effort and strategic thinking. 

By understanding customer preferences and needs within specific categories, retailers can create a personalized shopping experience, leading to increased customer loyalty and repeat business. 

To achieve this, thorough analysis of sales data, trends, and inventory levels is essential for effective inventory management. 

By optimizing stock levels and reducing overstock and stockouts, retailers can enhance inventory turnover and reduce carrying costs.

The promise of increased sales and profitability lies in strategic product placement, pricing strategies, and promotional activities within each category. 

By identifying high-performing products and categories, retailers can focus on what sells best, resulting in improved sales and margins. 

This achievement is based on data-driven decision making, where retailers analyze sales data, market trends, and consumer behavior to make informed choices about product assortment, pricing, promotions, and space allocation.

In a highly competitive retail environment, effective category management offers a competitive advantage. 

Retailers can stand out by offering unique product assortments, better pricing, and resonant promotions that appeal to their target audience. 

Collaboration with suppliers is crucial in category management, as retailers can develop mutually beneficial strategies such as exclusive product launches or joint marketing campaigns, enhancing overall category performance.

The promise of adaptability to market changes is achieved through strong category management practices. 

Retailers can quickly adjust their category strategies in response to changing market conditions, such as new consumer trends or economic shifts. 

This adaptability ensures retailers stay ahead of the curve.

Efficient marketing and promotions are essential outcomes of category management. 

By understanding the performance of different categories, retailers can allocate their marketing budgets effectively, focusing on high-potential categories or products and designing targeted promotional campaigns. 

Space optimization is another key aspect of category management, ensuring the most profitable or popular items have appropriate visibility and accessibility to customers.

Lastly, retailers can develop cross-category strategies to drive sales across multiple categories. 

This can be achieved through cross-promotions or bundle deals, leveraging relationships between categories for increased sales.

In summary, category management promises substantial benefits to retailers, but it requires effort and strategic thinking. 

By embracing data-driven decision making, optimizing inventory and space, and adapting to market changes, retailers can enhance customer satisfaction, increase sales and profitability, and maintain a competitive edge in the market.

You can learn how to implement an effective Category Management by registering our Retail Category Management Workshop Online HERE

Potential of Chatbots in Retail

In today’s retail landscape, the integration of chatbots and artificial intelligence (AI) has become a game-changer. 

Retailers, from small boutiques to large chains, are leveraging these technologies to enhance customer experience and streamline operations.

AI is at the forefront of this evolution, particularly in marketing. 

Retail businesses are utilizing AI-driven chatbots not just for customer service but as a core component of their marketing strategies. 

These sophisticated programs are capable of creating personalized shopping experiences, offering product recommendations, and providing round-the-clock customer support.

One significant advantage of AI in retail is its ability to analyze vast amounts of data. 

This capability enables retailers to understand consumer behavior and preferences better, resulting in targeted marketing strategies that are more likely to resonate with their audience. 

Such a tailored approach not only increases customer engagement but also boosts sales and revenue. Furthermore, chatbots in retail settings are revolutionizing customer service. 

They offer cost-effective solutions by handling routine inquiries, which reduces operational costs and allows human staff to focus on more complex customer needs. 

This efficiency contributes to higher customer satisfaction and loyalty.

As technology continues to evolve and consumers become increasingly tech-oriented, AI-driven marketing innovations in retail are rapidly expanding.

Here are a few notable applications:

Enhanced Customer Service with Chatbots: Retail businesses are employing chatbots for swift and efficient customer interactions. These AI-powered assistants can handle FAQs, direct customers to products, and even complete sales transactions, thereby improving overall customer service efficiency.

Personalization at Scale: AI enables retailers to offer personalized shopping experiences by analyzing customer data. This leads to customized product recommendations and tailored content, transforming retailers into trusted advisors for their customers and fostering long-term loyalty.

Strategic Insights through Predictive Analytics: In retail, predictive analytics powered by AI helps in understanding market trends and consumer behaviors. Retailers can optimize their marketing efforts, from selecting the best advertising channels to timing their campaigns for maximum impact.

While the benefits are substantial, retail businesses must also be mindful of the ethical implications, particularly concerning customer privacy. 

Transparent data practices and respect for consumer privacy are imperative to maintain trust and comply with regulations.

In conclusion, AI and chatbots are not just transforming digital marketing in the retail sector but are also enhancing the entire customer journey. 

As retail businesses continue to adopt AI, staying abreast of the latest trends and innovations is crucial. 

AI is not just a tool for efficiency; it’s a strategy for building stronger, more personal connections with customers, ultimately driving growth and success in the competitive retail market.

All the Success!
DMSRetail
PS. we have 2 “AI in Retail” workshops to choose from:
1How to Profit from AI in Retail Business
2. ChatGPT for Retail Managers

Retail Math – Managing by Numbers

The first time a Retail Manager realizes that their company, district or store, and their performance in managing that, is being judged by the numbers they quickly understand that there is more to managing retail than getting all of the work done, making everything look nice and being good to customers.

Unfortunately, that is when many get lost.

Continue reading at DMSRetail website: https://dmsretail.com/retail-math-managing-by-numbers/

Omni-Channel Retail

So Many Details, So Many Complications

Upon examing the many effects of online ordering and in-store pick up, it becomes very clear…that nothing is clear except that it seems to be a solid business move and almost a necessity for a retailer who wants to stay in business and thrive.

Plenty of retailers – large and small – are seemingly having success with online ordering and in-store pick up.

They are realizing sales increases and, admittedly, additional costs…costs they are more than willing to incur to get this important business channel out of infancy in their organizations.

Many of the costs can be clearly linked to the movement of goods, the extra space required, the added inventory, etc.

But, there are other costs that are not so clearly linked to transactions or the business model itself.

For example, in-store management and staff morale.

Let’s look at some of the details that have to be considered and how they would affect store management and employees. Even though the effects would not necessarily be negative, they still need consideration.

Shooting oneself in the foot is never a good idea, right?

Now, some might say that having in-store pickup is the only way to ensure the ongoing financial health of the business and, therefore, store employees should be happy to make it all work out. That may be true. Every case is different.

Still, retailers need to think about things like:

Compensation – Including Commissions and Bonuses

Who gets credit for the original sale? Perhaps no one seeing as the customer purchased online. But, is that fair to the designated pick up store who will be very involved with the sale…inventory, labor, etc.

And what if the customer returns their purchase to the store and a store associate spends time with the customer presenting options with the intent of turning a return into an exchange and possibly increasing the amount of the transaction?

Who gets credit for the sale in that situation?

If the answer is that the store associate does not get any credit, then why would s/he spend time with the online customer?

Of course, the store associate should want to assist for the good of the company…but does it really make sense for them to spend their time on something they will not get credit for while another customer might need attention; one who plans to spend $$$ in-store?

Bear in mind that ‘get credit’ doesn’t have to mean commission or bonus (although we think it should). If the associate gets the credit it means that their sales record will show the sale or partial sale as theirs.

This is crucial when it comes time to judge the employee’s performance.

How can a performance evaluation be done without knowing the numbers? The employee’s results…in KPI’s… are an integral part of the performance evaluation and sales numbers are paramount to understanding their performance in almost every KPI.

If ‘getting credit for the sale’ means commissions and bonuses, then the retailer must give credit to the in-store employee who handles returns and exchanges.

Handling it any other way would be a quick way to lose good people. Only the retailer would know if that is important to them or not.

If not, it will soon be apparent to customers and that would mean a sad ending, even if not immediate.

More on this later in the week…

• Workload
• Labor/Wage Cost
• Returns
• Inventory Allocation
• Space Allocation
• Who is in Charge and Who is Accountable?

*******
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For Retail Business Owners and Retail Management

Join ReBA today!

You won’t believe what you get for just $97/month.

Annual and Lifetime Subscriptions also available at great savings!

Retail Business Academy.

Everything You Need, Everything You Want
to know about Success in Retail Management for Every Position in Retail, in one place.

Retail Performance Solutions

An important success factor in any business is “readiness to delight the customer”.

This is more true for retail business.

There is no time for on the spot learning because customer is right in front of you.

Today, customer’s expectations are much greater due to the internet and increased competition.

Apart from technology, customers now expect that the fundamentals of running
an effective retail must be present.

Old ways of just opening the store doors and wait for the customers to come in and
buy something are long gone.

You need to have sophisticated techniques and brilliant sales associates and management team in place to deliver an outstanding “Customer Experience”.

Here’s a collection of performance solutions that will give you that at store, district and
company level.

Check it out: Retail Performance Solutions

All the Success!
DMSRetail

PS. These solutions are helpful even if you think You Know it All. Click Here!

Performance and Retail Gurus

Just because someone claims they are a Retail Guru or Consultant, doesn’t mean they really are or that they know what they’re talking about.

Take this statement, for example…

If you can’t measure, you can’t manage. True.

That phrase is still very relevant and probably always will be.

Without measuring, how would you ever know what to be busy about, as Mr. Thoreau says?

Or, where to focus your efforts?

There are people running around – calling themselves business gurus, consultants, etc. as mentioned above – who are claiming that the above statement is incorrect.

They say that measuring is causing staff to cut corners; to hurry customers through the line or off the phone just to meet some numerical goal.

They say that it shows that employees are not trusted.

Blah, blah, blah.

That’s ridiculous.

We think they’re just trying to get attention.

As we said, the statement ‘If you can’t measure, you can’t manage’ is still true, regardless of how good or bad you are at running your company and setting your goals and targets; regardless of whether you treat your employees respectfully and show that you trust them or not and regardless if you want to build and maintain a loyal customer base, or not.

Bad management is simply bad management whether you measure or not.

Bad managers are neither helped nor hindered by measuring because bad practices and poor management will always find a way to race to the bottom, no matter what.

But good management is enhanced, and business is improved, by using key performance indicators to help guide decision making and much more.

For the record, yes…you should be measuring anything that you consider to be important in order to manage your business well.

Obviously, expecting staff to rush customers through a line or off the phone is not something that would happen in a well managed company.

Neither should you want them to chat with Mrs. Jones for a half an hour about the surgery her pet has just undergone.

Having high standards and performance expectations is not the same as harassing and beating up your people to make them go faster or being so lax that nothing gets done.

With the proper training and understanding, employees will learn how to conduct themselves without rushing or lagging behind. They will perform as expected.

We must not be influenced by people who use those simplistic examples; people who ignore the bigger picture and hone in on details presented out of context.

It is always better to measure performance.

No question.

But, do it properly…for the true benefit of the business.

Now, if you’re like most business people, you are currently planning something – maybe a brand new week, month, year or 5 Years.

And, you’re planning because you know that success does not come by accident and hope is not a strategy.

We know where you can get the help you need with the serious planning, if you want to be successful.

Our Performance Paks and Webinars are built to deliver.
Check Performance Paks out here.

A Success Story

Want to find out how this retail business owner took his floundering stores from scary, under performing money pits to glorious cash cows and moved into the top position in their category for Biggest Sales Increase overall and for Average Sale Per Customer, in 93% of their locations, in just one year?

And, even more importantly, want to know what else he did to finally start bringing a whole lot more money to the bank every day?

Have we got a story for you…

When I first heard his story, I was wondering what kind of guy this was…then I felt bad for him…then I was happy for him.

What a ride!

Turns out he was amazing, after all.

This was pretty serious stuff. 

To get to how this all happened, let’s draw back the velvet curtain and try to understand what was going down in this guy’s stores when he first realized he was losing the battle…losing his clarity of thinking, his previously unshakeable motivation, tons of customers and, most definitely, his money.

I mean, at the rate he was going, he’d be laboring in his stores for most of his waking hours for the rest of his natural born days just to end up living on average income.

And that would have been the best case scenario.

Fair enough if that’s what he wanted… but he didn’t. Far from it!

He started his chain of stores so he could make more than an average living and, once they were turning a profit, he thought he might even have extra money, and time, to enjoy some luxuries with his family and friends and, maybe, put a nest egg away for a rainy day.

He thought he might like a little of the prestige that naturally comes with being the owner of a fine, reputable and successful chain of retail stores.
Oh, and he absolutely lusted after a summer house on a nearby lake – he spoke about it passionately every chance he got.

That was reason enough to want to get a tidy profit out of his business.

And, the sooner, the better.

Although his wife didn’t know a thing about it, he had already had blueprints drawn up.

He had a realtor keeping an eye out for just the right property.

He had even spoken with landscapers and interior designers.

This summer house – on beachfront property – was going to be a thing of beauty.

It was going to be his reward and a gift to his family for all of the hours that he’d worked; missing special occasions, etc.

He just knew that this was going to be the crowning glory … his reason for his life’s work.

He imagined the family gatherings; the long, warm weekends of fun in the sun.

He thought about the boat that would occupy the boathouse…the one that they would all go for relaxing tours in.

He even amused himself by dreaming up names for the boat!

He could picture every tree and flowering shrub that they would painstakingly plant and nurture…and every ripple on the water.

He could sniff the aroma of the steaming coffee and freshly baked pastries sitting on the oak table that graced the porch with the beautiful lacy gingerbread woodwork at every corner.

He could hear the waves crashing against the shore when a storm blew in.

Ah, yes! He knew what he wanted.

For him, all of this sounded not only fabulous, but reasonable as well.

Power to the entrepreneur!

After all, when you are the business owner and your money is on the line, you should reap the rewards…you are the one jumping from the fat in the frying pan into the fire and back again!!

You are the one who is taking all the risks and enduring the hardships.

So, don’t ever lower your expectations just because your stores are not performing the way you imagined they would.

No way. You go for it with gusto, Retail King!

You make those cash registers and POS machines sing …

C-A C-H-I-N-G! C-A C-H-I-N-G! C-A C-H-I-N-G!

Heck, yes!

If it’s not happening for you yet, the questions you should be asking are…

What do I need to do?

and

How do I do it?

OK, let’s roll it back to where this guy’s success story really got started. The very moment, in fact. (cont’d below)
Mark the calendar & Save!

Tuesday, June13 –Retail Category Management

Wednesday, June 14- Retail Math 

Thursday, June 15 – Online Marketing for Retailers

Friday, June 16 – 33% Increase Formula

Reminder – Get your Webinar Pass for upcoming webinars. Four Webinar Pass is the best value. Buy it here.

OK, back to the story…

It was a moment when he was dog tired, with aching feet and a list of ‘to do’s’ that he hadn’t even started yet

He had just put his hat on his head…the hat that he used to cover the crazed Einstein-like hair style that he was sporting simply because he couldn’t find time to visit his barber.

In other words, he was going home for the night, thoroughly exhausted….again.
A staff member all but accosted him at the door as he was leaving and started blabbering on about something or other.

Hands were flying and papers were being thrust toward our guy, although not in a disrespectful way.

Our guy was trying hard to understand.

He had to actually try to understand because it was so trivial, so unimportant, that instead of really listening he noticeably tilted his head to one side and tried to figure out why this staff member was moving his lips and making noise over something so ridiculous.

He recalled, later, that he had truly been in a trance-like state; unable to comprehend what was going on for at least a few seconds.

He wondered, out loud, what would happen if this person just shut his mouth and took care of whatever it was he was yapping about.

This really was unlike our guy and the employee thought something terrible was about to happen – that the owner was going to faint or have a fit or something along those lines.

Our retail business owner finally spoke again.

He said that he suddenly felt like he had a lot of monkeys on his shoulders.

What? Monkeys? What the heck………..?

Not surprisingly, those nearby thought perhaps he’d finally lost his mind. But, they kept quiet.

You’ve probably heard the expressions about putting the monkey on someone else’ shoulder.

It happens all the time…people easily unload their issues onto someone else – someone who is willing to take them – and until that someone says stop, they just keep taking on more and more.

Some monkeys were heavier than others but there they all were…happily sitting atop his shoulders, weighing him down.

His staff, of course being free of any weight of any monkeys (problems or issues) whatsoever, just went about their business accomplishing very little or nothing at all.

“How on earth did I let this happen? How did I get here?” he exclaimed.

And the answer slammed him.

He felt like he’d been whacked with a blunt instrument.

There’s a game called Whack – a – Mole…and, in this case, it’s Whack – an – Owner.

Not funny, right?

Anyway, at that precise moment, he got it… that he had unwittingly invited every problem, every issue, however important or insignificant, to be his and his alone.

He realized he was completely and totally responsible for their lack of sales and profits.

He did it by accident but he had done it all on his own accord; by his own free will.

He was a great guy and knew a lot about retail and about business in general.

But…

He, seemingly, expected nothing of anyone.

And, they all lived up to his expectations!

That was a terrifyingly accurate admission and moment of truth and reflection.

The brutal acknowledgement and the stunning clarity of that moment steered him onto a new path where even fear of the unknown couldn’t stop him from altering the course of his life for the better.

By the way, our guy is not unusual.

This same problem is plaguing lots of business owners out there today.
No performance expectations – no prosperity.

Or, perhaps, it would be more accurate to say no accountability – no prosperity.

It seems so much easier to handle things yourself than to delegate, train, set performance expectations, hold people accountable, manage performance, etc.

But, in fact, it is the worst possible course of action an entrepreneur can take.

It’s the worst possible remedy for any malady of the entrepreneur.

The saying “Git ‘er done.”  doesn’t mean you should get it all done by yourself.

Certainly, not if you don’t have to.

How long can that go on?

At what point is it no longer feasible?

The small to medium retail business cannot get bigger and better with only one person thinking and problem solving – even a very important, very smart and very dedicated person – while everyone else just wanders around doing tasks and other little jobs but never contributing in a major way.

You can’t smash targets to smithereens when you don’t really expect to, or plan to.

And, you can’t smoke the numbers when you haven’t even set them and haven’t developed a compensation plan to reward that accomplishment.

You can’t pull, drag and stretch the very best out of all of your people when you have your little head – albeit a very important head – buried in some inconsequential task or the other.

Wouldn’t you agree?

Anyway, back to our guy’s story.

Here’s what happened next.

He first carved out some time to figure out what his new understanding meant in terms of his business, his people, etc.

You remember the monkeys, right?  Well, clearly, they had to go and he made short work of that!

He realized that things would have to change – and change big time – for him to get where he wanted to be.

However, because he was not a stupid man he realized, very quickly that he was going to need some help.

So he set out to find some help.

He sought wisdom.

He talked to a lot of people, read books, solicited advice from other business owners.

He spent time reading and re-reading his most valuable and important resources.

He listened to DVD’s on Sales and Performance Management, Hiring and Training, Leadership, Time Management and Communication, and myriad other subjects that were to prove instrumental in his business, and life, turn around.

In the final analysis, as the result of his studies, he determined there was one thing he could hang his hat on – individual performance.

The performance of his staff members would be the key to the success of his business and it was really the only thing that mattered.

You may wonder what actions he actually took with regard to his store staff…

Well, he explained everything to his teams.

He communicated well and often and kept them in the loop as much as he possibly could.

He set targets for each individual in his stores.

They were tough targets – not out of reach, of course because we already told you he was not a stupid man – but tough enough to make people strive for the glory of achievement, the thunder of applause and the halo of recognition.

He followed resource materials that had been written by successful retailers with much experience.

He had sought wisdom and he was not disappointed.

Most of his people accepted the targets readily because, at the same time, a new compensation plan was unveiled.

It was a compensation plan designed to work hand in hand with the new targets.

Of course, some staff members liked the old way of just doing tasks and not actively selling to anyone and, eventually, they had to move on and find new employment more suited to them.

Bye-bye…we really liked you but seeing as you are

L-A-Z-Y

and have to leave, we hope you don’t let

the door hit you in the butt on the way out!

But the majority of his associates – particularly the go-getters and the ones who saw that the rewards were not only fair but really rather good – stayed and prospered.

This was now a place for winners, for performers.
They liked that.

There is a saying that goes ‘to whom much is given, much is expected’ (author unknown).

And, it applies to the relationship between employer and employee.

If I, as the employee, am given great rewards for my performance then my performance, the fruits of which accrue to my employer as well, should also be great.

This is only fair.

Our guy had to continue to learn and grow to fully understand how this new way of doing things was going to work out.

He had to make sure he was hiring performance oriented people who had customer service top of mind also.

He had to train them, manage them, communicate with them and just generally be good at driving the business, setting the direction and helping everyone by removing obstacles.

He needed enthusiastic, engaged employees with the business top of mind at all times.

He became an extraordinary leader who developed people to become even better than he was (yes, that is a great thing to do and you should do it too) and his business yielded enough profit for him to realize his dreams.

Now he has considerably more time to spend with his family and friends.

In fact, on most holidays you’ll find him quietly celebrating his good fortune looking out over the picturesque lake that his summer house is situated on.

Every time I think of his success story, I feel uplifted and grateful that I know him and was able to have a part in it.

Really, this guy was on the verge of disaster, though he didn’t know how close he was.

His stores were going to close and he was going to get some ridiculously low number of pennies on the dollar for his inventory, his fixtures, and any other assets.

His real estate was going to go on the block and be sold for a song. All of his staff would be unemployed. Things would go from bad to worse.

It didn’t seem fair because he was a really good guy who meant well and worked his fingers to the bone.

But, he didn’t know how to manage the business he was in. He didn’t know what he didn’t know.

Oh sure, he knew real estate and he could ferret out decent locations and establish nice looking stores.

He was a skilled buyer, knowing what merchandise to pick out when he was on his unavoidably expensive buying trips.

He had the gift of the gab and knew, very well, how to talk to the investors to get his next store, and his next and so on.

But, eventually, the wheels were going to fall off because the stores were not performing.

They just weren’t.

And by that, of course, we mean that the people working in the stores were not performing.

You do not, and cannot, continue on in a retail business if the stores are not performing.

It is only a matter of time until the wolf is howling at the door.

This is true of any business.

And so, you must agree, that it was extremely fortunate for him that he was stopped by that one bumbling staff member that day who started saying “blah, blah, blah” because that’s what finally woke him up; made him face his situation and forced him to make changes.

And, as they say, the rest is history.

Do you know anyone who is in the same predicament?

There are quite a few of them, actually.

Just meander through any shopping mall or center will show you who is winning and who isn’t. Or, in some cases…who is hiding their imminent demise really well.

Now, what if I told you that our guys end result – the extra revenue and profits, leading to the great lifestyle, the summer house, and extra time, etc.- wasn’t all that difficult to achieve?

Or, that we basically bottled the formula and are making it available to other retail business owners.

That was just a figure of speech. It‘s not really in a bottle…it comes in the form of Success Guides, Tools and DVD’s.

Every bit of the Retail Business Academy is highly relevant to everything a retailer does every day. It’s full of books, tools and DVD’s…and tons more stuff (detailed below) that you’ll pour over every day.

Among the materials packed in this prodigious resource you’ll find some serious retail operations management advice and instruction; the kind of stuff he was very much in need of.

He was like a sponge and he absorbed it all.

He got all the retail math, metrics and Key Performance Indicator knowledge he was ever going to need. You too, unless you’re planning on a career in high finance.

You’ll get a simple…and I do mean simple…retail employee evaluation system.

Maybe we should have put it in a black and yellow cover and called it retail employee evaluation system for Dummies…but we didn’t.

We just called it ‘I Succeed’.

It’s quick and easy to use and the reason for that is…duh! because people need quick and easy evaluations …. often. Save the big long, drawn out piece of work for the end of the year and the Human Resources people.

There’s a Store Manager’s Organizer/Planner to keep retail managers organized in a way that no other organizer can because it’s made for a retailer.

The first clue is that appointment slots don’t end at 5:00 p.m.!​​​​​​​

And, you can print as many copies as you need for your Store Managers…every year.
There’s some strong advice and warnings related to interviewing, hiring and training.

Our guy learned all about canned questions.

Some people are veteran interviewees and they can skillfully answer any canned question because they have heard them so many times before and they know which answers work.

Of course, there are never any guarantees when hiring.

We have all been surprised from time to time but there certainly are ways to get just a little more information that will help you understand the person who will be in your stores working with your customers.

Long story short…avoid canned questions.

The resource material that our guy used laid out the real questions – the questions that will force the candidate to reach down and come up with a genuine answer that is unique to him or her…not just what they think you want to hear.

For your listening pleasure, there’s a collection of DVD’s with hard hitting information on just about every retail subject you can think of.

They come in digital format, too.

In the Retailer’s Guide to Emotional Hot Buttons, there’s some mighty interesting information about pushing emotional hot buttons to sell more merchandise.

Now, that’s a good read!

And there’s a book about characteristics and ‘ways’ or ‘secrets’ of a highly successful retail manager.

This one’s worth its weight in gold and our guy studied it until he pretty much had it memorized.

The Retail Business Academy is meant for every

retail business owner and retail manager.

In fact, this story had a happily-ever-after ending because the wisdom our guy sought came from the Retail Business Academy.

What you need to do to avoid the situation our guy found himself in early on, and to make sure you prosper the way our guy did later on, is get yourself a Platinum Membership in the Retail Business Academy.

It is priced at a mere fraction of the value you will get out of it.

Make your own happy ending.

Join the Retail Business Academy today.

“It is during the bad times that the skilled manager lays firm foundations for future growth.” 

~Konosuke Matsushita, Founder, Panasonic

More DMSRetail Resources for your training library…

Management Success Books

Management Success Tools

Self Study Courses

Workshops

Retail Math Resources

The Ultimate Retail Success Collection is a huge compilation of all of our Success Guides, Tools, DVD’s, Self Study Programs, Bonuses and more.

Check it out here.​​​​​​​

DMSRetail has been helping retailers for 25 years. We love what we do.

We know that, for every roadblock to success, there is a way around it.

We have the knowledge and insight to help you navigate around any and all roadblocks and we are making a very special offer to our subscribers and customers…right now.

Sign up and you get instant access to the Retail Business Academy for 7 days for just $1.

It’s commonly referred to as a ‘no-brainer’!

Read on for all the great details about this membership and why no retail organization should try to get by without it.

Experience and Resources

We have the resources. Lots of them…available in every format for your convenience.

Below, we spell out the products, services, systems and advice you get access to for just $1 for a 7 day trial.

Succeeding in retail will always be hard work, it’s retail after all.

But, your chances of positive outcomes increase by a huge percentage if you’re taking advantage of our experience and resources.

You can get every store contributing with a nice bottom line. Our brand of information and training is what you need to get the best return on every investment you make in people and in stores.

Getting ready is a big part of the battle. The Retail Business Academy will prepare you for your next steps.

Ease of Access

You have access 24/7…at your leisure.

For those of you who want to share information and offer the very best chance of growth and development to your people, get them their own membership in the Retail Business Academy.

Invest in their future to give them the skills to invest in yours. Right now, with our buy one membership, get five free, it’s easy and painless to upgrade the skills and capabilities of your entire workforce.

Let’s get started. You need everything you’re going to see from here on down. ​​​​​​​
Here’s the long list of everything you will be able to access with your trial of the Platinum Private Membership in the Retail Business Academy

First, let us tell you that absolutely everything that DMSRetail offers for sale, is included in the Retail Business Academy.

Plus, there are many more products included that are not available for sale anywhere.

And, we’re growing it every day making your Platinum Private Membership more and more valuable.

We’re working day and night to get new stuff uploaded for you.

You’re going to have access to a wealth of different things, such as…

  • Success Guides
  • Tools
  • Study Courses
  • Performance Solutions
  • Information
  • Tips
  • Advice
  • World Retail News
  • Gems
  • How-To’s
  • DVD’s
  • PowerPoint Presentations
  • Pearls of Wisdom
  • Forms
  • Checklists
  • Videos
  • Consultants
  • Instructors
  • Motivational Quotes
  • and other seriously good stuff

You’ll access all of these things on the membership site, through our Success Guides and Tools, such as:

  • Retail Math – Made Simple, 4th Edition
  • Winning at Store Management
  • Managing for Higher Retail Success
  • 22 Ways of Highly Successful Retail Managers
  • Customer Service Fundamentals
  • Retailer’s Guide to Emotional Hot Buttons
  • ‘I Succeed’ Retail Employee Evaluation System
  • The DMSRetailer – Store Manager’s Organizer/Planner

And, our Self Development Programs:

  • Retail Selling Skills & Customer Experience Fundamentals
  • Retail Cashier Performance
  • Store Management for Maximum Success
  • Retail District Management
  • Retail Operations Management
  • Retail Category Management

Our Packages:

  • The Starter Bundle
  • The Super Retail Success Bundle
  • The Retail Success Accelerator – Store Performance Solution
  • The Ultimate Retail Success Collection

A multitude of Reports and Forms:

  • ‘Daily News’ Guide for the Cash Desk
  • Interview Questions
  • Hiring Tip Sheet
  • Balanced Score Cards
  • Weekly Employee Check Up
  • Monthly Employee Evaluation
  • Quarterly Employee Evaluation
  • Annual Employee Evaluation
  • Store Manager Job Description
  • Assistant Manager Job Description
  • Mystery Shopping Report
  • Backroom Communication Board
  • Store Manager’s Keys to Success
  • District Manager’s Framework for Success
  • And many more being added daily

Sales & Marketing Tips:

  • Selling Steps
  • 75 Open Ended Questions
  • Social Media Instructions for Retailers – Facebook, Google+, Linked In and more

Compensation Plans – DMSRetail Proprietary Pay for Performance Plans

  • Pay for Performance – General
  • Non – Monetary Reward Systems

Guidance to Inspire:

  • 11 Leadership Principles
  • Integrity in Management
  • Managing Up, Down and Sideways
  • District Manager’s Creed
  • Essential Reading for Retailers
  • Success Stories
  • Motivational Quotes
  • The Summer House

It’s Just Common Sense, Really

Webinars:

  • Success Tips & Strategies
  • The Store Management Process
  • Get 25% More out of Store Visits
  • Open To Buy
  • Retail Math Made Simple
  • Category Management
  • Managing by Numbers
  • Add-On Selling
  • Legacy Strategy
  • 33% Increase Formula
  • 7 Top Tips to Maximize Your Retail Profits
  • Retailer’s Guide to Online Marketing eBook & Video Course, ​​​​​​​which is your guide to harnessing the power of social media to build your brand, drive traffic, and generate sales​​​​​​​

Join Now.

DMSRetail holds Webinars on a regular basis and we post them to

Retail Business Academy. With your Platinum Private Membership:​​​​​​​

  • No need to sign up every time we offer a webinar
  • No separate payment required
  • No time zone complications
  • No scheduling conflicts
  • No inconvenience
  • Home or office – your choice

You simply sign in to your membership account at the Retail Business Academy and watch/listen to the webinar at absolutely no additional cost. It’s included with your membership.
Back to the stuff you get…

‘How- to’ for People Development:

  • Sample Coaching Conversations
  • Disciplinary Actions
  • Supporting & Challenging Your Performers
  • Career Path Development
  • Ideal Candidate Profile Development
  • Performance Management  

**Discounts on Workshop Attendance – Here are the workshops currently being offered:

  • The Retail Operations Management Workshop
  • Retail Category Management Workshop
  • Retail District Management Workshop
  • Retail Math Workshop
  • Pharmacy Retail Operations Management Workshop Store Management for Maximum Success Workshop
  • Retail Design & Visual Merchandising Workshop
  • Retail Marketing & Brand Management Workshop
  • Retail Cashier Performance Workshop
  • Telecom Retail Operations Management Workshop 
  • Retail Brand Management
  • How to Implement Winning Compensation Plans
  • Retail Standards, Compliance and Execution Seminar and Case Study

**Planned access to Consultants and Instructors at DMSRetail via email

**Scheduled telephone conversations with DMSRetail Consultants and Instructors

So, check out this link to the Retail Business Academy.

If you’re in retail, or if you supply retail

you really need this.

Want to skip the trial?

Get the very best value with these links…

For monthly membership, click here.

Save 57% with an annual membership, click here.

Programs for Higher Retail Success

Upcoming Webinars/Online Training Sessions

No scheduling issues. Ever.

Guaranteed…because we send you the recordings.

You and your teams are busy, busy, busy, right?

We totally understand. So, if you desire to get some great information huge insights, great tips and serious advice from experts but you simply don’t have the time to invest days, or even several hours, in training and learning then we’ve got the answer for you.

Our Online Training Sessions, also known as Webinars are jam packed with important information, tips and advice on myriad retail topics and they are always scheduled for only one or two hours… tops!

They’re informative and affordable. They’re easy to log into and they’re over-the-top convenient. Here’s the most important part for those of you who are time starved and feeling bombarded by information everywhere you look…

You never miss a session because…we send you the recording! You choose when and where to ‘attend’.

It doesn’t get more convenient than that.

3 simple steps.

  • Register.
  • Choose to Attend or Choose Not to Attend.
  • Receive the Complimentary Recording.

Simple log in details are sent 24 hours prior to the session.

Here’s the line-up for the week of September 4th…

 #1. Get 25% More from Store Visits

Just $97

Store visits represent an amazing opportunity…in fact, the very best opportunity…to increase performance and effectiveness, motivate store teams, impart wisdom and remove obstacles to doing business. If you and/or your Regional and District Managers are not getting the maximum value from store visits, then you are just visiting…which is really nice but it is not moving the business forward and doesn’t give you much of an ROI.

Learn how to get at least 25% more from every store visit.

September 7th

from 1:00 – 2:00 p.m. Eastern

(6:00-7:00 p.m. London, UK)

Register here for Store Visit Webinar.

Get the complimentary recording.

 #2. Retail Math Online Training

 

Just $197 

Retail Math is considered an integral part of a Retail Manager’s skill set and can be found on many pre-employment screening tests.

September 7th

from 1:00-3:00 p.m. Eastern

(6:00-8:00 p.m. London, UK)

Register here for Retail Math Webinar.

Get the complimentary recording.

#3. Retail Category Management

Just $197

Learn how to increase profits by effectively managing categories based on your customer and market.

Category Management Highlights:

Better In-Stock Rates: 2 – 8%

Lower Inventory Levels: 10 – 40%

Higher Sales: 5 – 20%

Lower Logistics Costs: 3 – 4%

Retail Category Management Online Training is useful for all buying staff, including category managers, buyers and visual merchandising teams as well as for Suppliers of Retail.

September 8th

from 1:00-3:00 p.m. Eastern

(6:00-8:00 p.m. London, UK)

Register here for Retail Category Management Webinar.

Get the complimentary recording.

 #4. 7 Top Tips to Maximize Your Retail Profits

Just $97

7 Top Tips normally only divulged in our 3 day training program: The Retail Operations Management Workshop

September 9th

1:00 – 2:00 p.m. Eastern

(6:00 – 7:00 p.m. London, UK)

Register here for 7 Top Tips Webinar.

Get the complimentary recording.

 

Did you know that Exclusive Platinum Membership in the Retail Business Academy means you get All the Actionable Retail Information You Need – Wherever and Whenever You Need It?

Did you know that every one of our webinars is posted to the Retail Business Academy within a few days after the live session?

That means that you can always access them with your Exclusive Platinum Membership.

Store Performance Solution

With all the buzz around omni channel retailing, social marketing and new technologies that are either evolving or being implemented, one success factor remains the same and it always will.

That is the human factor that makes the essence of successful retailing.

Retail Success Accelerator addresses the performance of the store staff at associate, supervisor and the store manager levels.

Be assured that without fully competent, fully engaged staff, any other effort to increase customer satisfaction and ultimately increase profits, will be wasted or at best will not deliver its full potential. 

#1 Problem for Retailers is non-performing stores. In a lot of cases, stores do not perform even at their half potential.

This product solves the issue.., Your High Performance Delivered.

Retail Success Accelerator is a Store Performance Solution and you can put it to good use to ensure you get the maximum performance from your store staff.

More information is at its dedicated website: Retail Success Accelerator

Are you mobile market ready?

This infographics is a summary of the steps you may want to make sure your website is ready to service the mobile surfers.

AreYouMobileMarketReadyDMSRetail


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