By Tony Corsberg Principle Merchant5 Advisors Product assortment is the bedrock of retail. Assortment planning is the process of selecting the right items to be presented in a limited selling space that meet customers’ needs and are productive inventory within …
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NHPA Offers BOGO 50% Off Foundations of Merchandising Management Live!
Are you ready to gain the skills and strategies to improve and manage the merchandising and customer shopping experience at your operation? The North American Hardware and Paint Association’s (NHPA) Foundations of Merchandising Management Live! event is back at the …
Read More »Upgrade Your Store’s Coffee Brewing Section
In a world buzzing with caffeine enthusiasts, the desire to bring the coffee shop experience home is on the rise. Around 74% of Americans drink coffee every day, with 49% drinking three to five cups every day, according to data …
Read More »Show Your Store’s Holiday Spirit
Finding the perfect Christmas gift can be tough. National rural lifestyle retailer Tractor Supply Co. recently announced it is launching “Dad Squad,” a new service to help consumers find the perfect gift for the hardest shoppers this holiday season. The purpose …
Read More »National Retail Federation Provides Consumer Spending Forecast
$966.6 billion. That amount is how much the National Retail Federation (NRF) forecasts will be spent on gifts and decorations from November 1 to December 31, a 3-4% increase from 2022. NRF’s holiday forecast is based on economic modeling that …
Read More »8 Tips on Selling Color
Color plays an important role in driving traffic to your paint department. Use the following steps to boost sales and encourage customers to try something new. Create the space. Retailers who have been successful in selling paint have created paint …
Read More »Do it Best Names New Divisional Merchandise Manager
Do it Best has named Jenna Myers as its newest divisional merchandise manager, effective immediately. In this role, Myers will lead merchandising teams for the company’s paint, paint supplies, outdoor living, holiday, safety and general merchandise departments. Working with each …
Read More »Store Displays to Inspire Your Visual Merchandising
Merchandising plays a critical role in the overall success of a business. It improves profitability by generating more margin dollars, controls costs by improving the productivity of the salesfloor and employees and increases sales by making a store appealing to …
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