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September 2008

In This Issue:

2008 Global Retail Pro User Conference

 

Retail Spotlight

 

$500 for 5 Minutes

 

Planning for Uncertainty

 

Meet Our Staff

 

Ten Web Shop Prep Tips

 

Stores Stir Merchandise Mix

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Announcing the 2008 Global Retail Pro User Conference


Anyone who uses Retail Pro to support their organization, manage/operate their company, or are interested in hearing more about Retail Pro's product will find this year's conference highly informative and a must attend event! Read more to find out why...

When:
September 14, 2008 - September 16, 2008

Where: 
Hard Rock Hotel San Diego
Corner of 5th Avenue & L Street
207 5th Avenue
San Diego, CA 92101

To register visit
http://www.retailpro.com/2008uc/.  

What to Expect in 2008: 
Retail Pro will deliver an exciting, educational, and eye-opening conference in 2008. Here are some top reasons you should attend:

  • Retail Pro will be providing product rich sessions to further understand the full functionality and capability of the software
  • An excellent time to network with business partners, other customers, and vendors spanning across the globe - a networking goldmine!
  • Sessions led by Industry Leading Retail Speakers
  • Expanded tradeshow floor room featuring technology-based, value-added solutions to help enhance and extend your Retail Pro investment
  • Retail Pro executives and staff will be available in one location to listen to your organization's needs, answer questions, and provide product demonstrations
  • Sessions "Straight from the Trenches" led by large and small customers who depend on Retail Pro everyday
  • Experience what it is like to "Live like a Rock Star" where Four-Star Service meets Urban Chic Design at the Hard Rock Hotel San Diego


To register click here http://www.retailpro.com/2008uc/.  

Retail Spotlight 

The Colorado Rockies opened their own retail stores in 1992.  The Colorado Rockies Dugout Stores have the largest of Colorado Rockies merchandise available.  In addition to apparel and headwear the Colorado Rockies Dugout Stores offer exclusive products like game used bats and jerseys.  The Dugout Stores also sell tickets for all Colorado Rockies home games.  There are Dugout Stores in Denver, Littleton, Greeley, Colorado Springs and Broomfield, CO.

The Colorado Rockies evaluated many systems prior to selecting Retail Pro.  They selected Retail Pro as their solution of choice as they felt it was the best product to catalog and maintain their inventory.  They started on Retail Pro Version 7.  Aaron Heinrich, Director of Retail Operations for the Colorado Rockies, states "Upgrading to Version 8 was a big step forward for us.  I like the easier transitions among fields, the easier and more accurate ways to search and the ability to use flags on invoices to allow us to truly track the impact of various campaigns."  Aaron also says of Advanced Retail Management Systems "They are there when we need them to be.  We are not a high maintenance client, and they allow us to be that.  I get a check in from various employees at least every couple of months.  If I cannot get help from Stacey Ryan or Jeana Thomas, then I probably don't really need it."

Advanced Retail Management Systems is very pleased to have the Colorado Rockies as a Retail Pro client since 1992.  If you need anything "Rockies" be sure to visit your local Dugout Store.  Go Rockies!

$500 for 5 Minutes

Receive $500 credit on account or 4 Client Service hours every time you refer a new customer that purchases Retail Pro.

Retail Pro has grown to be the premier Inventory Control / POS software for small to mid-tier retailers. Whether you know a single store or a 100 store chain, Retail Pro provides the technology for retailers to excel.

Call your sales person today at 800-305-0461 or
click here to complete the form to refer another retailer and start earning valuable rewards! 

 

Planning for Uncertainty 
www.billpearsononline.com



... not a good time for excess inventory

If I had to characterize small store, independent retailing since the events of September 11th, it would be that things aren't great, but could be a whole lot worse. Yes, these are broad generalities and there are numerous exceptions.  The West Coast seems less impacted than the East.  Stores that target younger customers are better off than those that have more mature customers.  Men's is worse than women's and children's is the least affected.  Hawaii, Florida and most other tourist destinations are really struggling.  Independents in airports and adjacent to theme parks are getting totally hammered.  And then there's the New York metro area where Manhattan retailers are really hurting, while many New Jersey, Westchester County and Long Island independents are doing quite well.  Overall, things are pretty mixed and nearly impossible to figure.  It's one thing to plan for unseasonable weather, an economic downturn or even a lackluster fashion season.  But planning for the random events we are all now facing brings a whole new set of variables to the notion of sales forecasting and inventory management.  From one who does this for a living, I can confirm that it's no picnic.  For any retailer given to casual, on again-off again, gut instinct, seat-of-the-pants inventory management, a continuation of such behavior is near suicidal.

First, we have been told there is more to come.  Whether this is inflated rhetoric or gruesome reality, only time will tell.  Combined with this uncertainty is the unfortunate fact that some customers are clearly in a state of perpetual over-reaction, at the least or complete panic, in the extreme.  That said, if a customer (fellow citizen) wants to hole-up in his or her basement, venturing out only for work or to refill their mini-refrigerator, that's their prerogative.  While a sufficient number of such cases could further mess-up our economy to say nothing of our industry, caution and even fear are private emotions and not subject to any amount of regulation.

Another big variable we should all be considering is what will happen come clearance time.  Yes I know, it's already that for many among us, but I'm talking about those last few days of December and most, if not all, of January.  What will happen to the millions of dollars in unsold inventory accumulating at both retail and wholesale?  It obviously won't vanish; it can't be set aside and saved.  It's got to go somewhere and rest assured it won't be at anything close to regular price.  Better goods manufactures that have never sold into the deep off-price market have already or will soon do so.  Our industry isn't like gifts or books or housewares where over-stocks can simply be pushed-out to the next season.  For the fashion industry, it's now or never.  Sell it fast or give it to Goodwill.  Independents accustomed to unloading major quantities of sale merchandise in late December and January may be in for a rude awakening.  Once an alert customer finds 50 linear feet of $1000 designer suits for $249 at Men's Warehouse and his wife a department chocked-full of $79 "better" dresses at Forman's or Dressed-Up, how interested do you think they and their friends will be in your 30% to 50% off sale rack?  Each year I'm increasingly amazed at the vast quantities of sale goods that consumers are willing to digest.  This year I expect we'll find their limit.

Click Here to continue reading article
http://www.billpearsononline.com/?page_id=44

Meet Our Staff

Susie Carmen,  Sales and Marketing Assistant

If you have become an ARMS client in the past 5 years chances are you have spoken to Susie who helped you along in the process of searching for a point of sale and inventory control system. Susie has been with ARMS five and a half years. Prior to joining the ARMS team, Susie worked in the food brokerage industry with Pillsbury and a local Colorado Brokerage House.  Before moving to Colorado, Susie also held a fascinating position as the assistant to the President for a major sub-contractor for NASA in Houston, Texas.  She attended college in Texas and also Metro State in Denver, majoring in Psychology and Sociology.

Susie's responsibilities at ARMS are varied and she tackles each one with equal pride.  Her dedication to the company and willingness to assist anyone make her a valuable employee.  Susie sets demos, sends out literature and/or demo disk packets and is in charge of all the marketing materials.  She assists the salespeople and Sales Manager. Susie is the first to volunteer for new projects.  She is the proud grandmother of three, Keoni Skye, Tyler and Blaine.  Susie is about the most passionate person you will ever find with her love for the sport of NASCAR!   An avid photographer on the weekends, Susie enjoys hiking and photographing the wildlife, flowers, and spectacular scenery found in our Colorado Mountains.

 

Ten Web Shop Prep Tips for the Holidays


August 28, 2008  ecommerce-guide.com

 


As autumn approaches, it's time for e-tailers to start planning for the holiday rush. If you start now, you'll have the time required to get your site in shape for maximizing fourth-quarter profits.

To help, here are 10 tips from Demandware's Vice President of Marketing, Jamus Driscoll. Ten Holiday Prep Tips for Web Shops:

1.      Make sure your customers can find you. Eighty percent of shopping trips start with the search box, and that percentage increases during the holidays. Look through your search logs from last November forward to identify ways to improve site search effectiveness. Typical fixes include:

o        Adding to synonym/hypernym (for example, "musical instrument" is a hypernym of "guitar" because musical instruments include guitars) dictionaries;

o        Enhancing product descriptions (adding relevant keywords);

o        Expanding product assortment (consider adding product lines that customers seem to want but you don't yet carry in time for the holidays).

2.      Build out your affiliate network. Under current economic conditions, shoppers are going to be very savvy when looking for the best deal online. Now is the time to start building strong relationships with those affiliates that are likely to drive significant traffic and volume to your site during the holidays. Consider setting up automated product feeds to key shopping comparison sites like GoogleBase, Shopzilla, NexTag and other sites that your customers frequent.

3.      Set your product catalog. Pay particular attention to catalog readiness for cross-selling and up-selling opportunities, product related promotions and product categorization for easy navigation. Make sure products are easy to find by adding proper keywords for search results. Also, make sure you have the capability to cross-merchandise products in different categories - during the holidays, you'll want to present a given product in both its "home" category (e.g. men's shirts) and also theme, event or occasion-based categories such as "Gifts for Dad," "Pre-Thanksgiving Sale," "Hot Gift Ideas," etc.

4.      Prepare holiday site enhancements.

o        Add "wish list" functionality. By helping customers create the list and linking other people to that list, you not only convert a "wish" to a completed sale, you reduce returns and increase customer satisfaction.

o        Promote gift certificates and gift cards. Promote gift certificates on the homepage and other frequently visited landing pages, and add the ability to redeem them to the checkout process. Gift certificate purchases have grown by leaps and bounds over the past 10 years.

o        Offer gift wrapping. This service adds convenience and creates differentiation from other retailers. It also helps your customers save time during the busy holiday season, which will ultimately build customer loyalty.

5.      Segment your audience. The holidays are the season for gifts - most shoppers are buying for other people. For example if you're a jeweler, anticipate that men will be buying for women. Change the look and feel, products and promotions for the type of audience that is going to be buying during the holidays.

6.      Bestsellers and gift ideas. Highlight these items on your homepage to provide additional gift ideas for uncertain shoppers. Create detailed gift guides based on the recipient, the price point and other elements to lead customers to a purchase.

7.      Engage in A/B testing now. Engage in A/B testing of new site design concepts, features and functionality to get some real-world data before settling on what you'll ultimately go with during the holidays. For some merchants, the back-to-school season might be an ideal time for this type of testing.

8.      Get creative with promotions. Don't just use flat discounts to drive traffic - think about the long-term relationship with the customer. Think about loyalty-based promotions that will create repeat customers and word-of-mouth marketing. Also create a sense of urgency by making order-by dates and time-sensitive offers part of your promotions strategy.

9.      Leverage social merchandising. Beyond adding a comments and review section on product pages, consider these other social merchandising tactics:

o        Allowing customers to create desired "outfits" or bundles of multiple products, and saving/sending these to friends and family.

o        Enabling/encouraging customers to post favored products to their Facebook or MySpace profiles, or to vertical networking sites like StyleFeeder.

o        Making use of instant messaging, mobile marketing/advertising and RSS as channels for holiday marketing and promotional campaigns.

10.  Update inventory on product pages. Nothing infuriates a customer more than to find out that the product is out of stock after the completion of the checkout process. Post inventory levels on every product page to set expectations for customers and also create a sense of urgency when levels are low. Make this a year-round practice.

http://www.ecommerce-guide.com/solutions/article.php/3768321

In pinch, stores stir merchandise mix

Best Buy gets musical, Walgreen's gets fashion in stretching brand profiles

By Sandra M. Jones 
August 5, 2008
www.baltimoresun.com

CHICAGO - Guitars at Best Buy. Frozen pizzas at Menards. Yoga pants at Walgreen's.

As the economy slows and the retail industry cuts back on investment in new-store construction, the time is ripe for dusting off a tried-and-true retail strategy: Sell more products in the stores you have.

Sometimes it works. For instance,
Barnes & Noble Inc. changed the bookselling business by putting coffee shops in its stores.

Other times, it is a strategy that sends merchants far into the weeds. Midwestern shoppers may remember when supermarket chain Jewel sold lumber. But the temptation to stray from what a retailer does best is hard to resist when sales need a boost.

Over the past year, Eau Claire, Wis.-based Menard Inc., the home-improvement chain, set up grocery aisles in three out of every four of its 240 stores, so shoppers can buy milk, canned goods, boxed dinners and frozen pizza alongside roofing materials and insulation.

Drugstore chain
Walgreen Co. introduced a clothing line, called Casual Gear, at most of its 6,000 stores in April.

And last week Best Buy Co., the consumer electronics powerhouse, began selling musical instruments and music lessons at more than 75 of its 965 stores. The in-store shops offer more than 1,000 guitars, bass, drums, keyboards and recording equipment. Band instruments, including entry-level trumpets, violins, clarinets, saxophones and flutes from Suzuki, are available online.

"The question from the consumer is, what do you accept from the brand and what feels foreign," said Neil Stern, senior partner at Chicago-based retail consulting firm McMillan Doolittle LLP.

Home Depot , for example, went too far off base when it opened a handful of convenience stores that sold candy bars, cigarettes, coffee and fuel in the parking lots of its stores in Georgia and Tennessee. The sixth and last store opened in June 2007 and there are no plans to open any more, said Sheriee Bowman, a spokeswoman for the Atlanta-based home improvement store. Still, Home Depot struck gold when it ventured into refrigerators and washers and dryers, and it has been chipping away at industry leader Sears Holdings Corp.'s market share.

Likewise,
Starbucks garnered a lot of attention for selling books and compact discs in its coffeehouses in recent years. But now the Seattle-based chain is in the middle of a retrenchment, closing stores, laying off workers and refocusing on its main business of selling coffee.

Best Buy, for its part, views its foray into music as a logical extension of its existing business of selling music players, home theater equipment and compact discs, said Justin Barber, a spokesman for the Minneapolis-based company.

"Consumers have looked to us as a resource for music for quite a while," Barber said.

Sandra M. Jones writes for the Chicago Tribune
http://www.baltimoresun.com/business/bal-bz.retail05aug05,0,2561642.story



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