6 Expert Tips To Help You Grow Your Retail Business

As a business owner, you know that growth is key to success. If you want your retail business to thrive, you need to be constantly looking for ways to expand and reach new customers. Luckily, we’ve got some tips from industry experts that will help you do just that! Read on for advice on everything from marketing to hiring the right employees. Follow these tips and you’re sure to see your business grow in no time!

1) Install Software to Help You Out

There are many software programs out there that can help retail businesses with many tasks, from keeping track of inventory to analysing customer data. Having the right tools in place will make it much easier to run your business effectively and efficiently. Spend some time researching different software options and finding the one that meets your needs. You can also find ones like software offered by FlintFox that provides retail business software as well as services and support. It also offers a free trial so you can explore all the features before committing to anything.

2) Develop a Strong Marketing Strategy

No matter how great your products or services are, you won’t get very far without a strong marketing strategy. You need to be able to reach your target market and convince them that your business is worth their time and money. There are many ways to market your business, so it’s important to experiment and find the channels that work best for you. Whether it’s online advertising, direct mail, or even just word-of-mouth, make sure you’re getting your name out there!

3) Hire the Right Employees

Your employees are one of your most valuable assets, so it’s important to take the time to hire the right people. When you’re looking for new staff, be sure to screen candidates carefully and look for those who have the skills and personality traits that will make them successful in their roles. It’s also important to provide employees with the training they need to do their job well. By investing in your staff, you’ll ensure that they’re able to provide the best possible experience for your customers.

4) Focus on Customer Service

Your business will only be as successful as your customer service. Make sure you’re providing a positive and helpful experience at every touchpoint, from the initial contact to after-sale follow-up. Train your employees to be friendly and accommodating, and always be ready to address any concerns that may arise. Also, be sure to ask for feedback so you can continually improve the customer experience. By delivering great customer service, you’ll create lifelong fans of your business who are more likely to recommend you to others. Another thing to improve your customer service is to create a loyalty program. A loyalty program can be a great way to encourage customers to keep coming back. Offer perks like exclusive discounts or early access to new products and services. You can even create tiers within your loyalty program to give your most loyal customers even more rewards. Whatever you do, make sure your loyalty program is easy to understand and use. Otherwise, customers will quickly become frustrated and may look elsewhere for better deals.

5) Offer In-store Pickup or Delivery

In today’s busy world, customers appreciate businesses that offer convenient solutions. If you can make it easier for them to shop with you, they’re more likely to do so. In-store pickup and delivery are two great options to consider. With the in-store pickup, customers can place their order online and then pick it up at a time that’s convenient for them. Delivery is also a great option, especially if you offer same-day or next-day service. Customers will appreciate not having to worry about making time to come to your store and will be more likely to shop with you in the future. Also, be sure to offer free shipping whenever possible. Customers hate paying for shipping, so by offering it for free, you’ll make it more likely that they’ll complete their purchase.

6) Track Your Progress

Finally, it’s important to track your progress so you can see what’s working and what isn’t. Keep tabs on your sales, customer satisfaction levels, and other key metrics. This data will give you valuable insights into where your business is succeeding and where there’s room for improvement. Use these insights to fine-tune your strategy and continue growing your business.

By following these expert tips, you can grow your retail business and achieve the success you’ve always wanted. Just be sure to focus on the things that are most important to your customers and always strive to provide the best possible experience. With a little hard work, you can create an amazing business that will stand the test of time.

Delay in Opening of Gymshark Store on Regent Street

Due to “mitigating circumstances,” the doors to the highly anticipated first Gymshark store will now open on October 29 rather than October 1. This will cause gym wear aficionados to have to wait a bit longer to visit the flagship location.

“We would want to apologise for any inconvenience this has brought to our community”, a Gymshark spokeswoman said.

The 18,000 square foot, first-ever permanent brick-and-mortar location of the Birmingham-based sportswear company has been planned for more than a year. It will include a sweat room, a pro bench where professionals will provide workout guidance, among other amenities.

Along with selling its gym wear, the shop stated the flagship will be “a space for our community to experience the essence of Gymshark.”

The first flagship store for the athleisure brand, which was initially scheduled to open on October 1, will feature a selection of the company’s sportswear and accessories as well as 1-2-1 appointments for a more individualised shopping experience.

Additionally, the new location will have a “Sweat Room” with more than 30 bookable exercise classes each week, as well as a Joe & The Juice concession and “The Hub,” which will serve as a venue for gatherings. Starting on September 19, you can reserve all of the offered exercise classes and facilities online.

The Birmingham-based company obtained a 10-year contract to occupy an 18,000 square foot facility at 165 Regent Street, taking over a location that was formerly occupied by J Crew, and the flagship store opened as a result.

Gymshark Will Debut its First Location on October 1st

Gymshark has announced that the much-anticipated opening of its flagship location at 165 Regent Street will take place on Saturday, October 1.

The 18,000 square foot sweat room, pro bench, where professionals will provide exercise advise, and other amenities will be included in the gym gear giant’s first-ever permanent brick-and-mortar location.

The flagship will have “The Sweat Room,” a mobile sweat studio that operates out of the store and provides a rolling schedule of sessions for the Gymshark community while also serving as a “stage” for larger events.

According to the retailer, it will provide 30 classes a week (15 signature sweat classes and 5 interchangeable flexi classes), 5 community sessions (gifted to our charity partners), 4 open gym sessions (for the team to train/content creation), and a weekly Sunday Brunch event with a guest professional.

The store will also have a bar called “The Pro Bench” where its specialists can give the conditioning community fitness assistance.

Anyone can schedule a 25-minute appointment with an in-store expert on topics like personal training, advice, or mentality.

The “The Hub” component of the store, according to Gymshark, will be a place where its community can shape, adapt, and develop to host podcasts, panels, workshops, films, live streaming, Sunday brunch clubs, and more.

It will cover a wide range of issues, staying ahead of our community’s interests and foreseeing future trends in dialogue. It is designed to speak to different communities, whether hyper-local, domestic, or international.

The venue will serve as a venue for the neighbourhood, customers, schools and universities, the press, athletes, and guest speakers. It can accommodate events for up to 100 people and can contain anywhere between one and thirty people.

Additionally, Gymshark and Joe And The Juice have partnered to develop a location that will provide hot beverages, sandwiches, protein shakes, and unique goods.

Law Firm Closes Second Supermarket Portfolio Sale

A supermarket is a self-service shop offering a wide variety of food, beverages and household products, organised into sections.

Law firm Dentons has closed its second supermarket portfolio sale for the John Lewis Partnership in the space of a week. The freehold of six Waitrose supermarkets have been acquired by real estate investment trust Supermarket Income REIT for £74.1m.

Waitrose & Partners is a brand of British supermarkets, founded in 1904 as Waite, Rose & Taylor, later shortened to Waitrose.

Waitrose was acquired in 1937 by employee-owned retailer John Lewis Partnership, which still sells groceries under the brand. Its head offices are located in Bracknell and Victoria, England.

The stores, which will continue to trade as normal, will be leased back to Waitrose for 20 years.

Located in Eastbourne, Edenbridge, Ely, Oundle, Sandbach and Sudbury, the stores have an average gross internal area of 32,000 sq ft.

Last week Dentons advised the John Lewis Partnership on the sale and leaseback of five Waitrose Limited stores to property investor LondonMetric for £62 million.

Deepa Deb was assisted by associates Amy Smith, Alexis Condie, Rachel Dunn and Calum McKenzie.

Over the past year, Dentons’ UK Real Estate team has advised on several high profile transactions such as Doosan Babcock’s continued occupation of its site in Renfrew, Sports Direct’s sale and leaseback of its Derbyshire distribution centre, and the sale of the Hampton by Hilton at Bristol Airport to Ability Group.

Dentons has launched several tools for businesses over the past few months to help with real estate issues related to COVID-19 across England, Wales and Scotland, including the COVID-19 Interactive Agreement Tool Kit and COVID-19 Interactive Lease Tool Kit.

Retail Company Appoints Legal Advisory Team

Sherwin O’Riordan has announced a new partnership with Retail Excellence Ireland. Sherwin O’Riordan will provide a legal advisory service to Retail Excellence Ireland’s 2000 members.

Retail Excellence is a not for profit company which supports Irish retailers to be the best they can be. The service will take the form of a full employment, commercial and property consultation service to members and offer advice on legal queries by phone or email.

Retail Excellence involves 2000 leading retail companies who operate in the Irish market. Our members are the most progressive and innovative in the market.

We make every effort to deliver activity which is wholeheartedly based on member needs. Retail Excellence is by far the largest retail industry body in Ireland.

Established in 1995, Retail Excellence is owned by the Members, for the Members and is the largest retail industry trade body in Ireland. Our aim is to enhance the consumer’s retail experience by developing top class retail standards and skills and promote a vibrant and competitive world class retail industry in Ireland.

Established in 2002, Sherwin O’Riordan is a firm of highly-experienced solicitors specialising in advising growing SMEs in Ireland on commercial and business law, employment, commercial litigation, dispute resolution and commercial property.

Retail Excellence is a not for profit company which supports Irish retailers to be the best they can be.

Retail Excellence involves 2,000 leading retail companies who operate in the Irish market. Our members are the most progressive and innovative in the market.

We make every effort to deliver activity which is wholeheartedly based on member needs. Retail Excellence is by far the largest retail industry body in Ireland.

Established in 1995, Retail Excellence is owned by the Members, for the Members and is the largest retail industry trade body in Ireland.

Our aim is to enhance the consumer’s retail experience by developing top class retail standards and skills and promote a vibrant and competitive world class retail industry in Ireland.