Retail Observer

December 2021

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 DECEMBER 2021 6 Moe Lastfogel moe@retailobserver.com Moe's Musings Views Happy Pruning! W hat is green and looks like a tree? A tree of course, unless you have a vivid imagination at the dinner table and you take a good look at broccoli. I never looked at it that way until one day my daughter said, "Look Daddy, I'm eating trees". Beside the fact that kids are cute and say the darnedest things, they can really open your eyes to see the world around you in a new light. As a retailer, it is important not to lose the ability to look at your business, your competitors, and the industry with fresh new eyes. I encourage you to regularly take the time to step out of your shoes and drive up to your showroom, surf your website or take a look at your marketing materials (ads, flyers, etc.) as a new customer. Afterwards, evaluate what you perceived. Is this how you want your business to be portrayed? Another great exercise is to drive around town and see what your competitors are doing. Especially those businesses with cars parked in front of it. Look beyond prices; take a note of how they handle customers, their use of in-store signage, their online reputation, etc. Are you doing these things better or could you improve in areas? When you critically take a look at your business do you see a flourishing tree that bears profitable fruit? If not, it is time to nurture your tree so it bears enticing fruit that consumers will want to pick from. Think about it, when you go to the produce store, which apple do you pick: The nice shiny Granny Smith or the one in the corner that is bruised and oddly shaped? Most likely you'd pick the shiny one and with good reason – it's the most appealing. Are you the most appealing option to your customers, does your marketing make you shine, and most importantly, would you buy from you? If you can't answer yes to the last question, then maybe your apple is bruised and it's time to look at how to bring that polish back. I'm not saying that you necessarily have to tear down the tree and plant a new seed. Although that may be the solution at times, most often a little elbow grease and polish, a nice basket, and maybe a ribbon or two can make your apple shine above the rest. In the coming year, The Retail Observer will be bringing you new writers and new sections that we feel will help you see your store in a different light so you can grow a stronger tree in the orchard with much more enticing fruit from which to pick. BROCCOLI & APPLES LOOKING AT YOUR BUSINESS WITH FRESH EYES We proudly support the following trade associations and buying groups throughout North America whose news and information greatly contribute to the quality of The Retail Observer and the education of our readers. www.asid.org www.cedia.org www.dpha.net www.feigroup.net www.htsa.com www.cta.tech www.cantrex.com www.unitedservicers.com www.psoca.org www.NKBA.org www.necoalliance.com www.psaworld.org www.prosourceinfo.com THE RETAIL www.nahb.org www.nrha.org Follow us on: Join us at: Become a Fan: www.NARI.org www.nationwidegroup.org www.aham.org www.rtohq.org www.joinbrandsource.com

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