The Wealthy Retailer

Great discussion this week with our guest host, Scott Smith! We discussed stories like: Why is data king for struggling retailers post-COVID? Historically, data has been a retailer's pain point. Many lack the time, the staff, and funds to track, analyze, and utilize it but it is an excellent opportunity for sustained business growth. Scott shares why data will help retailers going forward.

Safety in retail? The Manitoba government has recently created a new task force to address the problem and we discuss what retailers can do more of or better to make their store a safe environment. The answer may surprise you.

Being the best little card shop isn't about having everything; it's about having the right things. A story about Paper Source and how their working closely with small makers has enabled them to grow with emerging trends and add over 350 new cards to their assortment since March.

Projections are in for the fourth quarter of 2020 and things are looking up. We discuss our thoughts on the upcoming holiday season.

There are a lot of people that are more willing to rent furniture rather than fork over the expensive price tag of owning it, we discuss the top of Rent versus buy retail opportunities.

And finally, the story that will be around for some time, we chatted about the MEC sale and they value they have put on data. Data they say that forms the greatest part of the value in this deal.

Special thanks to our Guest Host, Scott Smith this week. Scott is a long-time friend and partner of Dan the Wealthy Retailer having worked with independent retailers in Canada and around the world for over 30 years. Scott balances his time between coaching independent retailers through his company Empowered Retail Inc. and training retailers and consultants in data analytics and merchandise planning for Management One.

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

A local makers story - your own little shark tank in your store. It catches many of us. Is perfect the enemy of your progress? A great story out of the East coast, The Community HAUL, a story about local vendors and producers coming together to subscription box local. Getting through the obstacles of digitizing your retail shop - there are many but it is very much worth it. Are your staff engaging enough? Dan shares some great tips on employee/customer engagement. And Pandemic be damned.....damn you pandemic! Business owners are still opening stores.

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

What does your return policy look like? Does it empower your staff to build loyalty with the customer or frustration? Dan dives into the importance of the return policy as it relates to building even more customer loyalty.

This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the weekly series where Dan focuses on items of importance for the independent retailer.

Thanks for joining us on this Retail Revelation with Dan Holman - host of the Wealthy Retailer. Watch for the full Wealthy Retailer podcast each week where Dan dives into the headlines of the week that are important to the Independent retailer.

You can find the Wealthy Retailer on all of the major podcast platforms, be sure to subscribe and if you’d like more information, be sure to head to thewealthyretailer.com

How are you and your store doing with BOPIS? - Buy Online, Pick Up in-Store. We discuss the benefits of additional purchases with this approach.

We’re watching and discussing Major Brands going head to head with Major Retailers and the battle for Direct to Consumer. How does that affect you?

What does staffing look like for retailers this holiday season? Many are getting ready for a big season. How do local pet store/suppliers compete with the big change to online shopping, deliveries and pick ups?

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

Amid the chaos of the Covid-19 disruption, Dan shares his thoughts on this topic in this Retail Revelation. What do you think? If you have any questions or comments, be sure to let Dan know as he and his team can help guide you through the challenges and opportunities of independent retail.

Be sure to follow the full podcasts of the Wealthy Retailer with a new episode available each week on all of the major podcast platforms.

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

This week we dive into the ups and downs of retail staycation products, opportunities for independent retailers in pop-ups, the growth of cannabis stores (and lack thereof), a focus on why cash is king and the battle of the e-commerce buttons.

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

It's a challenge we need to find the balance in. What can retailers do to bring more security and confidence to online shoppers? A great discussion on planing for your brand, increasing digital AND foot traffic and your merchandising focus. Facebook stickiest source of revenue....what does that mean to you. An interesting talk about a new offering that allows guests two ways to plan their trip and avoid waiting in physical lines. A conversation you don't want to miss - when a large local retailer makes the long term community bet to abandon Amazon. 

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

How to make your store a local treasure is at the centre of the conversation on today’s podcast. Grant funds for training to take your digital game to the next level. The retail stats are improving but what does that really mean?

We also discussed retailers finding those gap opportunities for their existing and sometimes new businesses.

Dan also zeroes in on your retail inventory and how to stay on top of it and finally, a great discussion about the every increasing category of Athleisure and the opportunities you should be considering.

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

Lots of great stuff for independent retailers on today's podcast. We take a look at zoning bylaws - most have become so overgrown that they are blocking budding entrepreneurs. Cushman Wakefield has launched a new app that will be in 21 of the company’s largest enclosed malls from British Columbia to Halifax to help out their retailers.

A great discussion on the ‘Main Streets’ in Canada who are seeing success with local shoppers during the pandemic.

With the disruption has come excess inventory....a story about how a company is dealing with that - Cow’s fighting back as Rob likes to say. Also, an important discussion from the 12 Steps Video - Identify your foundational values in your retail business and much more!

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer

You are in and around the world of independent retailing! That’s what is important to us and that why we’re talking about the topics that matter each and every week.

On today's podcast, we chat about a story about a support alliance. Suits to Sweats, work style is changing - what are the effects? It's tough times for many, but is it the right time to start new or expanded retail? Ideal Conversion Rates - what should they be for your business? Dan's 12 steps - Go for the Win! A story about Returns when you're aiming for customer Loyalty

The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats with retail experts, retail owners and more.

Sign up for the weekly newsletter! Every week we curate the Independent Retail news of the day to keep you better informed. You’ll also be able to stay up to date on current retail trends, technology and more. https://retailbycrs.com/newsletter/

All topics that will help make you, the Wealthy Retailer! To learn more about Dan and the Wealthy Retailer, please visit:

WEB : https://thewealthyretailer.com

FACEBOOK : https://www.facebook.com/thewealthyretailer/

INSTAGRAM : https://www.instagram.com/the_wealthy_retailer/

This podcast is brought to you by Canadian Retail Solutions. Since 1991 they have provided comprehensive Point of Sale retail software support and training along with inventory management solutions to empower retailers in Canada and throughout North America. If you are looking for new solutions in your retail environment or are getting ready to launch your new operation, be sure to check out www.retailbycrs.com for more information.

Remember!!

Canadian Retail Solutions exist to make Retailers BETTER!

https://anchor.fm/the-wealthy-retailer