October 16th, 2020

The retail headlines that matter to you and your retail business on the The Wealthy Retailer® Podcast LISTEN TO THE PODCAST Hello there, we had a bit of a roller coaster conversation this week. Some tough headlines to work through. But that is life in the world of retail and entrepreneurship....lots of ups and downs. It’s time to focus more on experiential retail that is not gimicky and unsustainable. What will it take to make that full connection with your customers?  Hudsons Bay is in some eviction trouble, what effect does this have on the malls they are in and the balance of their retail tenants?  As Covid cases continue to rise, the conversation around higher pay begins again for frontline workers. It is a short term fix and we discuss if it is the right approach to performance pay?  Dan shares some insight about presenting total solutions in your store as part of his selling system and finally, we discussed Amazon prime days. Love it, hate it or ignore it?…..Dan chimes in on that and more so please be sure to check out the podcast on all the major platforms. If you can, please subscribe and share!   What are your expectations for your Black Friday sales this year? We're going to blow our budget out of the water Select I think it will be a decent sale this year Select If we do last year's number, I'll be happy Select I'm really worried about how our store(s) will do this year Select THANKS FOR TAKING OUR POLL! Be sure to listen to the podcast next week as Dan will discuss the results of this poll as well as share some ideas to elevate your 2020 Black Friday sales!

MORE RETAIL STORIES FOR YOU TO CHECK OUT! Breaking the stigma of mental health. What can independent retailers consider to address this important topic? Retailers presenting honest imagery in their marketing. Sezzle? What is it and should we know? The redesign of space for post-covid era for business space. Any lessons that can be taken for the world of retail? These links are being provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Canadian Retail Solutions of any of the products, services or opinions of the corporation or organization or individual. Canadian Retail Solutions bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. Contact the external site for answers to questions regarding its content.

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