Sales Per Square Footage – The Value of Knowing Your SPSF (Part 3 of 3)

Sales Per Square Footage – The Value of Knowing Your SPSF (Part 3 of 3)

A few months ago, the brick and mortar store owners in the Shopkeepers Lab Group started talking about Sales Per Square Footage (SPSF). Some shopkeepers weren’t familiar with this metric and many didn’t know how to calculate it for their business. So I wrote a blog post about how to calculate SPSF and I included a…

Consign or Wholesale? Best Choice for Retailers and Makers

Consign or Wholesale? Best Choice for Retailers and Makers

Should I consign or wholesale? I hear this question often from BOTH retailers and makers. Let’s start with the difference between the two. Consignment is an arrangement in which an item is placed in the care of another until purchased by a buyer. A consignment arrangement usually involves an agreement with a retailer and a percentage…

The Most Important Trait You Need When Bootstrapping A Retail Business.

The Most Important Trait You Need When Bootstrapping A Retail Business.

Whether you’ve opened your own brick-and-mortar store or not… I think we can all agree, anyone on the path to retail store ownership or a successful online shop can probably benefit from a few solid character traits: Confidence, determination, adaptability, courageousness… just to name a few. However, when you’re bootstrapping a business, and staying within your budget is…