Retail Survival of the Fittest: 7 Ways to Future Proof Your Retail Store
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About this ebook
From understanding consumers and boosting customer loyalty to leveraging data and implementing an omnichannel retail strategy, Retail Survival of the Fittest gives you need-to-know lessons on how to adapt to the new and increasingly competitive retail playing field.
In addition to providing insights and how-to tips, Retail Survival of the Fittest also introduces you to other successful merchants and shows you exactly what they do to thrive in the modern retail realm.
Most important, each chapter comes with a set of action steps to help you implement the tips discussed in the book and enable you to get started on future-proofing your store.
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Retail Survival of the Fittest - Francesca Nicasio
RETAIL SURVIVAL OF THE FITTEST
7 WAYS TO FUTURE-PROOF YOUR RETAIL STORE
Francesca Nicasio
BROUGHT TO YOU BY VEND
Copyright © 2014 Francesca Nicasio.
All rights reserved. No part of this book may be reproduced, stored, or transmitted by any means—whether auditory, graphic, mechanical, or electronic—without written permission of both publisher and author, except in the case of brief excerpts used in critical articles and reviews. Unauthorized reproduction of any part of this work is illegal and is punishable by law.
ISBN: 978-1-4834-2074-5 (sc)
ISBN: 978-1-4834-2075-2 (e)
Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.
Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.
Certain stock imagery © Thinkstock.
Lulu Publishing Services rev. date: 11/5/2014
Contents
Acknowledgements
Introduction
Chapter 1 Recognizing that retail isn’t what it used to be
Chapter 2 Running an omnichannel store
Chapter 3 Taking the guesswork out of retail
Chapter 4 Increasing profits the modern way
Chapter 5 Using mobile to drive in-store traffic
Chapter 6 Boosting customer loyalty
Chapter 7 Giving your customers an experience they won’t soon forget
Conclusion: What’s next?
About the Author
Acknowledgements
This book never would have seen the light of day if it weren’t for Francois Bondiguel and Simon Pound. Your ideas, guidance, and encouragement have been invaluable in this project; I can’t thank you enough for believing in me.
To the retailers who are continuously finding ways to delight customers and to the companies that supply merchants with the tools they need to be more awesome, thank you. You’ve inspired most of the material in this book, and it’s such a joy to write about all the great things you’re doing.
I’d like to send a special shout-out to the following Venders: Christopher Coccagna of T-We Tea, Steve Toze of Rockets & Rascals Bicycle Emporium, Adrienne Wiley of Covet Boutique, Bill and Jill of The Village Winery, Christina Ruiz of TopShelf Boutique, and the Bird on a Wire Team. Your stories and words of wisdom have added tremendous value to this project. Thank you so much for sharing them.
Many thanks to Alicia Fiorletta of Retail TouchPoints and Nicole Leinbach-Reyhle of Retail Minded for reading the manuscript and sending your reviews. Your kind words mean so much to me!
Vivre Lokes, thanks for proofreading the manuscript and for offering such helpful comments. You made my job so much easier.
To my husband, John: I wouldn’t be here without your love and support. Thank you for your patience and for taking the time to read and comment on the manuscript. I know you’re a numbers guy, but you volunteered to do it anyway.
Much love and gratitude to every company, organization, and individual mentioned in this book (as well as anyone I may have inadvertently missed). None of this would have been possible without you.
Introduction
Nooooo!
I exclaimed. It still won’t turn on!
It was Sunday morning, and there