Are small stores the next big thing in retail? It would appear so. Over the last few years, big name retailers have made the move towards smaller format stores. Target, for one, already has a handful of small stores in various urban areas and plans to open 30 more by the end of the year. … Continue reading 4 Ways SMBs Compete with Big Retailers Opening Smaller Stores
You are a leader for a challenging retail company and the new year is upon you. As you review last year’s performance, you notice areas where your team could have delivered more. From margins to inventory turns, you need this year to be better. However, how many meetings can you have to send the same … Continue reading Scoring the team really makes it better!
The United States, Canada, Europe, and Australia are all experiencing a swell in their aging populations. In the US 10,000 people turn 65 every day. In just over a decade, 20% of the US population will be over 65. In 2016, 15% of Australia's population was 65+. An aging population means a greater demand for … Continue reading How Pharmacies can Better Engage Seniors
Through our business and research, we have come across a number of high-level facts and statistics about the retail pharmacy industry, its direction and emerging trends. While our research focused on North America, we thought these emerging trends would be of interest to our customers and readers in all markets. Your senior customers matter According … Continue reading Pharmacy Industry: Interesting Facts and Emerging Trends
Retailers who consistently score a marketing slam dunk during March Madness do so because they know their customers. These brands have spent time understanding who their customers are, where they engage and address the specific wants and needs of their target audience. See below for three types of retailers who score big with their seasonal … Continue reading 3 Industries that Slam Dunk March Madness
Any multi-store retailer would agree that having a competent district manager is critical to success. Tasked with overseeing the operations of all stores within a given district or area, a district manager needs to juggle several retail components, including staff development, compliance, sales, customer satisfaction, and more. Needless to say, the individual that you hire … Continue reading 6 Tips for Hiring a Retail District Manager
A checklist will help ensure that a pharmacy location has the right systems in place to comply with regulatory as well as health and safety standards. Combined the Pharmacy Inspection Checklist with the Merchandising Checklist and Loss Prevention Checklist to create a thorough pharmacy retail audit program. Some of the information below comes from the office of … Continue reading Pharmacy Inspection Checklist