Retail Observer

August 2020

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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RETAILOBSERVER.COM AUGUST 2020 60 B U Y I N G G R O U P N E W S T he first half of 2020 saw an unprecedented number of challenges, as independent retailers were tasked with navigating store closures and lockdowns amid the global pandemic. The challenges continue, but the back half of 2020 has the potential to present this space with equally unprecedented opportunity. Consumers who've been holed up in their homes have been sitting on couches and at dinner tables and cooking and cleaning at higher frequencies than ever before. Pent-up demand and increased disposable income could lend themselves to a highly profitable final few months of the year for independent retailers — if they can get their hands on inventory. And that's exactly where Nationwide Marketing Group hopes to step in and help, by offering members the opportunity to gain access to a wide range of product in various forms from our vendor partners. That includes a unique new virtual buying opportunity this month: PrimeTime Early Access. Understanding the challenges presented by COVID-19, Nationwide recently announced plans to move PrimeTime in Las Vegas to October. That said, the group still intends to work closely with the vendor community to offer members additional buying windows this summer. "Despite having to move PrimeTime to October, we still wanted to ensure that our members had the opportunity to get their truckload and container orders in now so that they can be ready for the Black Friday and holiday shopping season," says Patrick Maloney, senior vice president of merchandising for Nationwide. For three weeks this month, Nationwide will highlight special deals available for members across the various product categories. "Independent retailers form the foundation of our economy, and their value is without question," says Maloney. "We've worked closely with and have joined a lot of our vendor partners in order to make PrimeTime Early Access an event that puts our members in the best possible position to have success during the back half of 2020 and moving forward." More information is available for members by visiting www.nationwidecashback.com. RO PRIMETIME EARLY ACCESS OFFERS NATIONWIDE MEMBERS LONGER BUYING WINDOWS THIS SUMMER

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