Why Should You Join the Retail Business Academy? Regardless of where you are in your retail career, everything in the
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The Retail Business Academy is powered by DMSRetail, making it unique and exceptional. There are other retail management consulting and
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Transform Your Retail Career with Retail Business Academy Are you ready to take your retail expertise to the next level?
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As managers, whether on a store level, a regional level, or a company-wide level, a large part of your performance is evaluated on the basis of sales numbers. You are expected to make decisions that in some way, shape, or form are going to reduce costs and maximize sales. As such, you’re likely keenly aware of the need for…
How I Went from $7.00/Hour to $100,000.00/Year in Less than 5 Years Working in Retail – A True Retail Career Success Story I started working in a retail store for the same reasons most people do – I needed a job. I dropped off my resume at a few stores. I wasn’t really particular, I just needed a job quickly…
Part I – Traditional Offline Marketing Don’t underestimate the power of these methods—they may seem simple, but when executed correctly and used alongside other strategies in this report, they can be highly effective. Classified Ads This is a tactic everyone should explore in some capacity. It’s a powerful tool for lead generation, but it’s essential to include a compelling,…
In this report, you’re going to find out: Why it’s beneficial for your business to have a presence on Facebook Recent changes to Facebook pages How to best get your message out to customers Why Facebook? I’m not going to bore you with statistics on how HUGE Facebook is, how FAST Facebook is growing or HOW MANY businesses already…
WHAT YOUR LOCAL BUSINESS NEEDS TO KNOW ABOUT FACEBOOK BUSINESS PAGES The trend towards online and digital marketing is growing, and it’s not hard to see why. Not only is it cheaper and easier to implement than print and television advertising, but it is also capable of reaching a much wider audience. One of the most significant benefits of…
WHAT MAKES A GREAT RETAIL MANAGER? It’s no coincidence that your best managers have winning personalities. These behaviors make them naturally suited for the job, and allow them to thrive in the retail environment. See who does it best to figure out what to look for. Here are the 8 most important traits. DECISIVE JUDGMENT Accurate analyzing the cost…
Process (Left column) HIRE TRAIN SET GOALS & OBJECTIVES DEFINE & MEASURE METRICS & KPI’s MOTIVATE PERFORMANCE EVALUATION REWARDS & INCENTIVES Required Action and Skills (Right column) HIRE Develop a “Successful Associate” Profile Interview Skills TRAIN Sales Customer Service Product/Service Knowledge Process & Procedure SET GOALS & OBJECTIVES Sales Targets Customer Service Targets Other Expectations Develop a Performance Culture…
Ye Olde Guide to Launching a Loyalty Program Loyalty Program for Your Business Before you get started creating a loyalty program, you’ll want to make sure you have a good reason. Here’s what you need to know before you begin laying out the best plan for your loyalty program. How about a turkey leg? Imagine visiting a new pub…
Data is a little old but still shows the important trends that is impacting the future of retail. THE FUTURE OF RETAIL 4 TRENDS BRINGING THE VIRTUAL EXPERIENCE INTO REALITY 71% Online purchases that include a store visit before or after 90% Retail transactions that still occur in-store SMARTPHONE-INFLUENCED IN-STORE SALES 2012: $159B 5% of total sales 2013: $593B…
The Balanced Scorecard (BSC) is a strategic management tool that can be highly effective for retail operations by providing a comprehensive view of performance across multiple dimensions. Instead of focusing solely on financial metrics, it includes additional perspectives that are crucial for long-term success in the competitive retail landscape. Here’s how the four key perspectives of the Balanced…
As managers, whether on a store level,…
How I Went from $7.00/Hour to $100,000.00/Year…