What Are the Characteristics of a Successful Retail Store?
Author: TheMarket4You
Retail stores continue to open their doors both virtually and around our cities, offering products from a wide variety of industries. And although not every establishment can weather the challenges of retail, all successful retail stores share certain characteristics. These distinctive features help them to stand above the competition and capture loyal customers who will help to grow the business now and in the future.
Passion for Their Products
Thriving retailers believe in their products and convey that passion to their clientele. Think about retailers such as Trader Joe's or various specialty fashion retailers—everything from store set up to the welcome customers receive from an employee communicates a love for their offerings. When consumers feel, see and hear your passion and knowledge, confidence grows and action results.
Passionate retailers also keep up on the latest industry events and take pride in the brands that line the store walls or crowd the virtual storefront. This provides a leg up over other retailers and helps to overcome challenges presented by big box and department stores.
Focus on Genuine Service
More staff does not necessarily equal true service in the retail industry. Successful retailers find out ways to serve the unique needs of their customers and invest the time and money to ensure satisfaction. It's certainly not a perfect science, but genuine service needs to be top priority for retailers.
Retailers should focus on several facets of customer service, including merchandising, store staffing, shipping, return policies and feedback. Companies that connect with potential clients and understand their needs have the most success, but only those who continue to deliver genuine service will grow and thrive.
Ability to Harness Technology
As the retail industry moves online and virtual stores surpass physical locations, the role of technology becomes even more important. A successful retailer stays on top of technological advances and implements systems before they fall behind.
Does your company have a mobile site? Now that a majority of web users are browsing from their smartphones and tablets, retailers need to ensure their websites operate seamlessly on mobile technology. Thriving retailers assign key staff members to keep their company up to date and utilizing all that the tech world has to offer, from security and payment methods to marketing and administration.
A successful retailer needs to juggle several responsibilities in an ever-changing world. But with a passion for their product and by focusing on customer service, retailers can harness technology and expand their businesses.
-----
Article Source: http://www.articlesbase.com/management-articles/what-are-the-characteristics-of-a-successful-retail-store-6444018.html
About the AuthorFor more articles by this author please visit: www.themarket4you.tumblr.com
http://themarket4you.com/
http://twitter.com/TheMarket4You
http://pinterest.com/themarket4you/
TheMarket4You is a virtual marketplace directly linking vendors, boutiques, and various small business retailers. At the click of a button, retail members will gain access to a wide array of vendors at original wholesale prices, along with the our Social Network Marketing option, an innovative solution to Social Media, email, and website marketing, coupled with industry best-practices training. By signing up, vendors instantly and cost efficiently expose their brands to new markets.
More Resources
Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exitingMore Management Information:
- Group 1
- Group 2
- Group 3
- Group 4
- Group 5
- Group 6
- Group 7
- Group 8
- Group 9
- Group 10
- Group 11
- Group 12
- Group 13
- Group 14
- Group 15
- Group 16
- Group 17
- Group 18
- Group 19
- Group 20
- Group 21
- Group 22
- Group 23
- Group 24
- Group 25
- Group 26
- Group 27
- Group 28
- Group 29
- Group 30
- Group 31
- Group 32
- Group 33
- Group 34
- Group 35
- Group 36
- Group 37
- Group 38
- Group 39
- Group 40
- Group 41
- Group 42
- Group 43
- Group 44
- Group 45
- Group 46
- Group 47
- Group 48
- Group 49
- Group 50
- Group 51
- Group 52
- Group 53
- Group 54
- Group 55
- Group 56
- Group 57
- Group 58
- Group 59
- Group 60
- Group 61
- Group 62
- Group 63
- Group 64
- Group 65
- Group 66
- Group 67
- Group 68
- Group 69
- Group 70
- Group 71
- Group 72
- Group 73
- Group 74
- Group 75
- Group 76
- Group 77
- Group 78
- Group 79
- Group 80
- Group 81
- Group 82
- Group 83
- Group 84
- Group 85
- Group 86
- Group 87
- Group 88
- Group 89
- Group 90
Related Articles
Motivation - You Get What You Reward
There's a programme currently running on BBC Television inthe UK called - "Little Angels." It's a series that offershelp and advice to parents who're experiencing behaviourdifficulties with their children.
Parenting Your Employees to Better Performance
Have you ever worked for someone who was such a micro-manager that it drove you crazy? And have you ever worked for someone who was so hands-off that you felt like a lone warrior on the battlefield? These are examples of you working for leaders who did not adapt their style based on the employee's needs. I would venture to guess that you were not entirely motivated to put out your very best effort every time when you were feeling such frustrations.
Better Management Performance - The Easy 3-Step Way
Managers make three mistakes when they try to run businesses. They do too much, they don't trust their people and they don't have enough skills.
Never Hire Anyone Dumber Than You Are!
In a previous life I was a Navy Pilot. Great life, great people to be around.
Bye-Bye Boring Meetings! Make Yours Remarkable!
It's the middle of the night. You've woken up with a brilliant idea on how to improve the way your business product is delivered to your customers.
A Rare Leadership Skill: Dealing With People Who Want Out By Offering Crowns For Convoy
As a leader, you'll inevitably be faced with people wanting to leave your team or organization. Dealing with the challenge is critical for your leadership success.
Quality Standards with ISO 9001
Standardizing Quality SystemsThe ISO, or International Organization for Standardization, was established in 1947 to develop international standards for everything from electronics to management systems. Having over 13,000 standards currently in place, ISO has created the auditing and certification process known as ISO 9001.
Project Management - Preventing Project Slips
Can Project Managers prevent projects from slipping?Ask a techie to come up with a schedule for a specific list of activities, and more often than not, he/she will present a fairly accurate estimate. Some activities might be underestimated, others overestimated, but overall, the plan will be fairly accurate.
5 Ideas To Leverage The 3 Stages Of Career Development In Your Organization
In most industrialized nations, the average age a student graduates from high school is 18 years old and the average retirement age is 65 years old - a difference of 47 years. On average, most people work 40 to 50 years of their lives.
Learn About Commercial Collections Agencies Fees
As with any other service, there are good and bad commercial collection agencies. Beware of any agency that offers you cut rate commissions far below the accepted Commercial Law League rates, offers you kickbacks on commissions, or makes outlandish promises about recovery success.
Process and Procedures Investments - How to Get Money Back
In September 2004, President Bush signed the $146 billion tax cut bill restoring the recently expired business Research & Experimentation Tax Credit. The 18-month renewal of the research and experimentation tax credit, which expired June 30 2004, was the most expensive item with an expected $7.
Group Discussion Guidelines
DISCUSSION METHODS: There are two basic types of discussion methods; the conference method and the workshop method. The conference method involves meetings of staff members, usually from the same organization, and is convened to pass on information, communicate management policies or decisions, or to solve organizational problems.
Training Managers and New Trainers
Training managers use many of the same interpersonal and analytical skills that other types of departments use. In particular, they need to be good communicators, and highly skillful in interpersonal relations.
The Top 10 Requirements for Your Business to Become and Remain Profitable
We live in a relentlessly competitive world. The daily pressure to work "better, cheaper and faster" can make even talented business owners and entrepreneurs lose site of first principles.
Project Management - I Want It ALL
The knee-jerk response to prioritizing requirements is to mark everything as a must-have . "I need everything before the product becomes generally available.
How To Turn Business Losses Into Cash Flow
When the typical new business operator starts a business, they concentrate on making the business succeed. That is necessary but not the only thing that a business operator should concentrate on.
Delegation: When to Delegate, Who to Delegate to
There are some very simple guides for delegation.Most people delegate based on not wanting to do something.
Be a Change Agent ( Part 1)
Aligning business organizations to be successful in the present and keep on doing this in the future means to develop a new style of Leadership.To celebrate success in our days a leader most is able to craft a strategic vision, define objectives, design, implement and monitor the execution of a strategy and be a change leader in those same organizations.
The 5 Obsessions of a Passionate Employee
A recent report entitled "How Google Grows?and Grows?and Grows" stated that the 650 people that work at Google are the most passionate bunch of geeks in the high tech industry. Google was also recently called the fastest growing company in history.
The Top Three Problems IT Managers Face and How to Overcome Them
Todays business environment has changed drastically from just a few years back. Rather than working exclusively with equipment, data, and systems, todays IT managers face issues such as cross training, personnel management, interdepartmental communication, and a widening job scope for all IT employees.