If you’re in your first few years as a brick and mortar store owner, you might be wondering what you’ll do with holiday-specific inventory that’s still in your store after December 25th. As a new retailer, making decisions around flipping inventory after the holidays can be challenging. I get it. When I started on my brick-and-mortar path,…
As we head into the last few weeks of 2021, it’s normal to start thinking about the upcoming year. And there’s a lot of advice out there for bigger businesses! But what can smaller indie retailers expect in 2022? Read on for ten of my predictions. 1. Omnichannel Retail Will Continue to Expand Because retail…
So many of us independent retailers have already pivoted, maybe more than once! We shifted to online. We started shipping, changed business models, worked on mindset, hustled, came to terms with changes, and so much more, right? I get it! I’ve been there with you, or I’ve done the same myself. There is NO…
If you feel like some items in your store are looking tired, your regular customers are probably noticing it, too. Stale inventory can bore your regular customers and hurt your bottom line. But deciding what to do with dead inventory can be tricky. Here’s my system for dealing with tired items so that my store…
Each month, members in the Shopkeepers Lab and Master Shopkeepers get a new live lesson on a relevant topic taught by me or a guest expert. Recently, I taught a lesson giving an overview of the term omnichannel retail, which I wanted to share with listeners of the Savvy Shopkeeper Retail Podcast as well. As…
After the curveball that 2020 threw us, it’s safe to say that no one can truly predict what’s coming. However, these are my best guesses as to what’s coming for independent retailers in 2021. 1. How Retailers Buy From and Interact With Vendors Will Change With COVID-19 still looming over us, shopkeepers who go to…