“What’s the Real Cost of Retail Store Disciplines?”

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The Morning Post:- 17th March
“What’s the real cost of retail store discipline”

On a benchmarking tour of value retailers this week I found my initial curiosity and enthusiasm slowly but surely drained as I was repeatedly faced with dull store interiors, poor lighting, dirty shelves, torn graphics, display chaos and in some instances such a scarcity of staff that I could have used happily bedded down for a few hours without fear of being disturbed.

The point is not about or indeed restricted to low price or discount retailers, but about the intrinsic value of basic store disciplines.

What is the relative cost of implementing and enforcing store disciplines against the undeniably but hidden cost to a business of diminished customer traffic and eroded sales?

The fact is that no customer, or in deed sales personnel, should have to endure unclean and untidy stores for any price…not even the lowest price. And customers are realising this as they begin to experience low price opportunities which offer pleasant environments and helpful staff.

Literally the shining light is a retailer called Home Bargains, a highly profitable retailer with low prices, well-bought commercial assortments, clean and commercial store layouts and a team of staff actively stocking shelves, re-merchandising displays and dealing with customer enquiries.

Unlike its value counterparts Home Bargains is buzzing with customers and staff in a lively atmosphere that encourages customers to explore and to buy.

So for sure staff costs will be higher but the rewards are clearly manifold, the result of a mentality where the importance total profit trumps the short sighted view of profit per item sold.

Good store disciplines literally speak volumes for value retailers.

 

Of course good store disciplines are a reflection of a deeper business culture. Not only are the stores more engaging at Home Bargains, the staff are clearly happier, the assortment more commercially focussed and the promotions clearer and more attractive.

Healthy mind, healthy body – Home Bargains!

 

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The Morning Post aims to share with you insights of retail clarity that only seem to appear in the early hours…offering some relevant thoughts and ideas to keep you warm and enthused on your journey into each retail day.

Reflect and when there’s a moment drop me a line… tim.radley@vm-unleashed.com

Thank you for continuing to read & good luck for the day ahead! Tim Radley

For more information on how we help retail businesses…
http://www.vm-unleashed.com/specialties/

Tim

I'm Tim Radley and I started VM-unleashed! in 2007, and as the one who makes most of the decisions, and does most of the work, then I guess that makes me the Managing Director. I've now been doing this sort of thing for over 20 years now, so hopefully i know my way around the retail block ...but hey, what do I know?

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