June 12th, 2020
Let's chat about this week's Retail Headline News!
The Wealthy Retailer® Podcast
Hi there!

On this week's show, we discussed:

  • Technology that, not long ago, was only available to large chains.
  • Independent retailers distinct advantage over Amazon. Yes! You have one. Let's talk about it.
  • Another large chain under restructuring protection. Bad news headline but we discuss what it really means.
  • A very recent real estate report showing that Edmonton retail is poised for a breakout. (and yes, this is a very fresh headline we discussed)

Dan also shared a bit about an independent retailer he's admiring right now as well as shared a tip or two to consider when it comes to your retail operation. 

You can listen to the podcast on all of the major platforms like Apple, Spotify, Google and more!
Your copy should address 3 key questions: Who am I writing for? (Audience) Why should they care? (Benefit) What do I want them to do here? (Call-to-Action)

Create a great offer by adding words like "free" "personalized" "complimentary" or "customized." A sense of urgency often helps readers take an action, so think about inserting phrases like "for a limited time only" or "only 7 remaining!"
THIS WEEK - Links to the stories we discussed (and more!)


  • The advantage over Amazon for small retailers - But independent local retailers have one distinct advantage over Amazon, one which will be much in demand as we all emerge from our enforced isolation; human interaction. Independents now have a once-in-a-lifetime opportunity to secure and strengthen their unique place on the high street".

  • Edmonton retail poised for a breakout - The inevitable store closures both nation-wide and locally during the pandemic have made several big retailers cautious in their plans for growth and expansion; however, companies eyeing Edmonton seemed unaffected by this trend, according to Cushman & Wakefield.

  • The challenge of excess inventory. What to do? - “Sitting on inventory is expensive,” Ozkul said. Consumers can expect to see marketing campaigns advertising sales on these items as stores look to rid themselves of out-of-season inventory, he said.

  • MUJI Opens 2nd Largest Store in Canada at Surrey's Guildford Town Centre - Minimalist Japanese retailer Muji has opened its second largest Canadian store at the Guildford Town Centre in Surrey near Vancouver. It is now the largest Muji store in British Columbia, bigger than the downtown Vancouver Muji store on Robson Street which became the largest outside of Asia when it opened in 2017.

  • A new approach to selling to customers - “We were also doing what we call drop and shops,” she said. “We would discuss the customer's needs beforehand, put together like a curated bag of goods, and we would go to their home, drop the bag off at their door and wait outside until they were done and then they could choose from the items that we had dropped off.”


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