Whether it’s a meeting about schedules, procedures or new products, the following tips will make sure your team is spending less time in the back room and more time out on the salesfloor: Create structure. Set regular times for meetings. …
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Laying the Foundation for a Succession Plan
After 20 to 30 years of hard work many owners should think about retirement and selling their company but choose not to for several different reasons. Some of those reasons are: None of the children want to continue with the …
Read More »To Invest or Not to Invest? Questions Every Retailer Should Be Asking
Assuming you run a profitable operation, making a capital investment in your business should be one of the best financial moves you can make. Sometimes you spend out of necessity; for example, the roof needs a major repair or the furnace …
Read More »Lute Supply’s Bold Venture into the Dual-Format
Lute Supply has spent half a century earning a reputation for success serving professional builders, contractors and tradespeople. Its list of accolades features top awards by Goodman and Amana for outstanding sales growth, market share growth and excellence in distribution. …
Read More »Three Tips to Make Your Wholesale Market Trips More Profitable
The time comes once, if not twice, a year when you return from your wholesaler or co-op’s market and you have a decision to make. To do or not to do? The pile of market materials has found its way …
Read More »Four Ways to Prevent Shoplifting
If you’ve been letting your loss prevention strategy slip throughout the year, now’s a good time to put it back into focus. Your theft-prevention strategy should include these four steps: Have good customer service. This is the single most effective …
Read More »Vendor2Member Announces Launch Date to Ace Hardware and Do It Best Corp. Retailers
Vendor2Member, the hardware industry’s largest directory of co-op specific dropship products, announced its dropship directory will be made available to Ace Hardware and Do It Best Corp. retailers on Feb. 17, 2014. Co-founder Alex Smith, a former Ace Hardware general …
Read More »See the Light on CFL Recycling
Disposing CFLs can be as hazardous as traditional fluorescents, and with millions sold each day, retailers who do their research can benefit from developing a recycling plan. But more independent retail operations are starting to look into recycling for not …
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