[Image of: RetailWire Logo and Tagline (for print)]

Also from Frank Riso...

Links by Frank

 
[Image of: Frank Riso]

Frank Riso

Principal
Frank Riso Associates, LLC

Too many stores and too many competitors in this category are the two biggest challenges facing Family Dollar. There are over 30,000 stores in this space, nearly as many as the major grocery stores and that is just too many for these companies to do well. Sorry, but closing...

I agree that executive compensation should include stock. It is one way that stockholders have to incent an executive to increase the value of the stock by improving the company returns. The same holds true for the board of directors. It is also good for the stockholder to see...

I see it interfering with its core brand identity. They are a great hamburger king (no pun intended). I see this as just another promotional fad that McDonald's does once or twice a year. It will get a lot of younger adults with children to get back to them...

Two things I would recommend for new managers. One is to get out of the store office as much as possible. Being on the sales floor is the best retail experience a manager can get. Second, give the manager access to information. Any manager today without a mobile device...

Amazon Prime is a service that among other benefits, provides free shipping to its customers. The Amazon Lockers does the same thing for customers not wanting to pay the fee for Prime. So for a small amount of effort by the customer (going to the locker location) they get...

The La Boulange acquisition was a good move. Most Starbucks customers who buy morning beverages also buy some form of bakery products with their coffee, etc. I do not think lunch menu items would be the right direction, but bringing back a few items as requested by their customers...

I have never been a fan of one person holding the responsibility of all three titles in any major organization. While Terry will always be known for the remarkable turnaround of Macy's, this is the right thing to do for Jeff who is the most logical person for the...

I have found that the environment of the store is equal to the quality of the store manager and or the store management team. If the store manager is at peak levels of engagement, so is the staff. Without the commitment of the store manager, the store itself can...

Not really. I still like it when someone wishes me a happy birthday. All my friends and family now do it on Facebook and retailers and restaurants do it via emails. Sometimes there are offers and the best is a local restaurant that gives me a free entre on...

It is simple, just be honest in your sales to consumers and they will be honest with you and help increase sales. Playing games with your customers will only send them away to your competition and when they are that frustrated, they tell many of their friends.

...

Search RetailWire
Follow Us...
[Image of:  Twitter Icon] [Image of:  Facebook Icon] [Image of:  LinkedIn Icon] [Image of:  RSS Icon]

RetailWire's
Getting Started video!

View this quick tutorial and learn all the essentials...

RetailWire Newsletters