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November 2007

In This Issue:

Gift Cards To Be Holiday Bright Spot

 

Tech Tips

 

Retail Spotlight

 

Three Things You Must Do Before You Hire Your Next Employee

 

Meet Our Staff

 

Black Friday Ads Already Popping Up Online

 

 

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Gift Cards To Be Holiday Bright Spot

OCTOBER 15, 2007, eMarketer.com

 

Unredeemed cards do not count toward revenues.

This holiday season consumers will spend more than $35 billion on gift cards, according to Archstone Consulting.

Retailers have primed gift card sales with creative marketing. Cards can be purchased at locations other than where they are to be redeemed, such as when iTunes gift cards are sold at pharmacy counters.

Mr. Grau noted that The Home Depot this holiday season plans to offer a plastic gift card with how-to home improvement videos.

In 2006, one-quarter of gift cards were purchased online, according to a study conducted by The Marketing Workshop for Comdata.

Archstone pointed out that growing gift card usage does not necessarily translate into holiday sales growth, since revenue cannot generally be recognized until the cards are redeemed.

The company predicted that holiday retail sales would increase 3% in 2007, marking the slowest growth rate in retail holiday sales in the past five years.

?Retailers will see limited growth in holiday spending, resulting in a ?season of discounts? that will reward savvy shoppers,? said Dave Sievers, retail and consumer products practice leader at Archstone, in a statement.

?While this tactic will drive shoppers to the stores, it won?t allow retailers to overcome the adverse economic factors that will affect sales, including the downturn in housing and a tightening credit market,? Mr. Sievers said.

Tech Tips 

 

Personalize your receipts and reports by adding your store logo to them. To do this, Save a copy of your store logo in the Pictures folder under Microsoft Retail Management>Store Operations. In Store Operations Administrator, click on File>Configuration>Register, in Store Logo, click the looking glass and select your store logo.

 

 

 

Retail Spotlight

 

 

 

Wag n Wash Healthy Pet Center opened its first store in 1999.  Today there are stores in Phoenix, AZ, Littleton, CO, two stores in Colorado Springs, CO, and one in Naperville, IL.  These stores are a combination of company owned and franchise operations.  Co-owners, Dan Remus and Jef Strauss are continuing to expand the operations with  both company stores and franchise stores.  What is Wag n Wash Healthy Pet Center?  It is the only place you need to go for your pet.  Wag n Wash is a full service specialty pet retailer.  The focus is on natural and holistic foods and supplements.  The stores also have a bakery and self-service dog wash.

When selecting a point of sale and inventory control solution,  Dan and Jef chose Microsoft Dynamics Retail Management System (RMS).  When asked why they selected RMS, Dan responded with the fact that is was Microsoft and they wanted a product that would be easy for their staff to learn.  Along with this they needed a product that had multi-store functionality.  Wag n Wash has been an Advanced Retail Management System's client since the spring of 2006.

If you are a pet lover like so many of us Wag n Wash Healthy Pet Center is where our special members of the family need to go. www.wagnwash.com

 

Three Things You Must Do Before You Hire Your Next Employee
By Anne M. Obarski

Customer service is a direct reflection on your hiring and training expertise.  Everyone preaches that they have fabulous customer service, 100% customer satisfaction and even so far as to say the "worlds best customer service".  If you ask business owners about their staff and their turnover, many will say that it is one of their biggest headaches.

Your employees are a significant part of your overall brand identity.  How much emphasis do you put on the hiring process or do you find yourself in a "panic hiring mode" each time you lose an employee?  If you find yourself, "plugging holes and filling gaps, you are not alone.

The word, strategy, sounds more focused than just a hiring plan, or hiring approach.  For me, the word strategy means developing a focused approach to hiring with a planned outcome in mind.  More simply stated; decide what your staff needs to look like, how you plan to create that team and how quickly can you replace those you lose.

Here is what your customer retention plan should look like.

Plan:  When developing a hiring plan it is essential to focus on the following:

?     What % of your expenses will you allocate weekly, monthly, quarterly and annually to your sales payroll?  Many retailers hover around the 11% mark but you need to base it on your numbers and what you can afford.
?     Calculate the number of full time vs. part-time employees.  Some retailers have eliminated full time employees because of the cost of providing benefits.  Either way, it is important to list each and every employee that is on your books as well as the number of hours they work.
?     If you have salaried employees, add them to the list as well, especially if they have selling duties or are expected to be working in the store.
?     List the number of additional employees that may work infrequently but are still available.
?     If you use a contact management program, you can even divide your employees by demographics.
?     This is the important one; list the potential employees that you have in your "hiring sieve".  These are those people that you may not have room to hire but you keep in contact with them in case a job opens up. The bigger this group is, the less panic you have when you are in a "need to hire" crunch.                                                               

Procedure:  If you don't have a human resources department, it is important to have a "template" when it comes to hiring.  That includes the following:

?     Research and become proficient in writing job ads.  I love the comment I read recently, that within your ad you need to "lure and discourage"; in other words, your job ad should be very specific to catch their attention as a job they would love to have but also be so specific that if they don't have the exact skills you require, they will not bother to apply.  Make sure you advertise at least 4-5 skills this job requires.  It can be a combination of hard and soft skills.  Remember that most people will lose a job because of their lack of soft skills or people skills, versus their lack of hard skills, or procedural skills.

?     Be creative where you place ads.  Be aware if you are looking for a Gen Y employee, that they don't read the newspaper.  Here are some places you may not have thought of:  Face-book, Craig's List, college job posting sites,  your website, Monster.com and Careerbuilder.com. 

?     Don't forget about asking your current employees who they would recommend and make it financially profitable to them, if you hire that person and they stay employed.

?     I have seen signs in store windows that say, "I know you like shopping here, wouldn't it be even more fun to work here?" Ask us how!"

?     Stealing is wrong, but wooing a great employee away from another company just makes good sense.  Don't go anywhere that you don't have a business card and have some made up that you have written on the back, "I admire your work ethic and would like to discuss a career move for you" or something like that.  Personally hand those to people you meet in restaurants or other retail businesses and ask them if they keep their job options open.  If they say yes, hand them the card.

Persistent: I think every business owner needs to "always be looking" for new employees.  I recently spoke with a person who was looking for someone to do Influenza Pandemic training.  What??  There are training programs going on around the country to make companies aware that they need to think about how they would continue to run their businesses if the country experienced a pandemic.  Basically they stretch you to think about what you would do if you had to replace 1/2 of your staff tomorrow.  There thought pattern is that 1/2 of your staff will have to stay home to care for elderly or the very young.  Does that scare you a little?  It did me!  So how prepared are you?

We may never experience a pandemic, and I hope we don't.  However, you will always have employee turnover which is going to require a more focused plan to find, hire and train new employees that are the perfect fit for your company.

Customer retention really begins with purpose driven, loyal employees who represent your company and live and breathe your brand every single day. Start a better planning process today! 

For more articles that will help your business become contagious go to www.merchandiseconcepts.com/articles/html.

 Meet Our Staff

 Jessica Atkins,
 Accounts Receivable Specialist

 Jessica is the newest member of the Advanced Retail Management Systems Accounting Department.  She is in charge of Accounts Receivables.  She brings 5 years of industry experience to ARMS and has settled into her new position very well.  Currently along with working at ARMS she is pursuing her bachelors degree from Metropolitan State University in Denver.  A Denver native, Jessica loves to travel. She does more than get around the country.  She has been to Paris and Amsterdam; and spent a week in a Peruvian rain forest.  While on that trip she also went to Machu Picchu.  Now there is a great place to go some day. We?ll keep Jessica very busy at ARMS but her next trip will likely be to Italy, but the real pearl for her is to visit the interior mountains of China. 

Black Friday Ads Already Popping Up Online

 

By Nicole Maestri Thu Oct 4, 1:36 PM ET 

NEW YORK (Reuters) - Those door busting deals that U.S. retailers are planning for the Black Friday holiday shopping weekend are already starting to appear online.

Numerous Web sites have cropped up in recent years that publish what they claim are copies of the newspaper ads retailers will run for Black Friday -- the day after Thanksgiving that marks the ultra-competitive launch of the holiday shopping season.

A visit to BlackFriday.info (http://www.blackfriday.info/) shows the scan of an Ace Hardware Black Friday ad, which was posted on September 15.

The ad includes a digital photo frame with 7-inch LCD display for $49.99, a portable 7-inch DVD player for $59.99 and a Black & Decker (BDK.N) 120 piece drilling and screwdriving set for $9.99 after $15 mail-in rebate. The tool set is currently listed on Ace's web site for $29.99.

The early start surprised even some of those web sites whose job it is to track the ads.

An e-mail from Black Friday Ads sent on October 3 says it was "caught asleep at the wheel" by the early release of Ace's planned sales.

"The Ace Hardware advertisement marks the earliest Black Friday advertisement ever released, nearly 10 full weeks before Black Friday," BFads wrote on its web site. (http://www.bfads.net/)

Ace Hardware spokesman Bryan Tapella said the ads online appeared to be "versions" of its ads. But he cautioned that consumers should realize some of the items in those ads could change over time.

The early ads come as retailers gear up for a holiday season that is expected to be challenged by the deteriorating housing market, credit crunch and higher food and fuel costs.

Wal-Mart Stores Inc (WMT.N) has already announced its first holiday price cuts, saying it would slash prices on select hot toys every week in October.



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