They say retail is detail - I often disagree

In my many years working in retail I've often heard the mantra retail is detail. Now in small local retailers, particularly when it's not a fast moving product or products, then this CAN be true - details can make a difference. In large retailers, discount retailers, supermarkets, corner shops, convenience stores, newspaper shops and the majority of clothing retailers then retail is not detail. In these case, retail is about being 90% at most-

90% of your customers served quickly

90% of your products available

90% of your customers asked if they have your loyalty card

90% staff attendance

And the list could go on.

So not very detailed then.

Don't be downhearted, though, because this 90% isn't an horrific figure. On one hand it's probably as much as your competition is managing. On the other hand it still gives room for improvement.

Now to get up towards 100% will take investment. Better wages to get better staff attendance, more staff to keep queues down, more staff and more stock holding to keep availability up, etc.

So the next step would be to ask the question -"what type of retailer do I want to be?"

One that keeps 90% of customers happy? Or do I want to spend a little more?

If you're a small, local, self-managed retailer then is suggest aiming for the 100%. It's being different that will get you noticed. It's really hard to try to compete on price, especially against national or multinational organisations that are bound to have much deeper pockets than you. Providing better service, a better experience at a higher price point is letting your customers know that you are different, you are better.

If you're a large multi-site retailer and you can't be at every site, every day, all day then 90% isn't a bad starting point. You can push your team on from there, starting with the store managers. Motivate them and watch this motivation filter down to the customer-facing team members.

You can have an online offering and not damage the High Street

I was reading this article on the BBC website this morning and it seemed to strike at the heart of the online vs High Street battle-

http://m.bbc.co.uk/news/business-30928438

Although it's difficult to fully quantify eBay as a direct competitor to your UK High Street store, there's more than meets the eye in what eBay offers. Established retailers have their own eBay pages where they sell off stock that is discontinued or slow-selling elsewhere. As long as you have a fix on the costs then there is nothing stopping you using the eBay marketplace for any if your products.

I have spoken many times on this blog about the advantages of having an online offering, especially when you offer Click & Collect as the main way of delivery. This gives your customers access to a range that you may not be able to carry in your shop every day of the week. eBay could be an extension to this - carry your full range, offer larger items as collection only and smaller items for postage. Amazon marketplace is another option for sellers of some products.

As well as individual retailers making use of the technological marketplaces offered by these American retailing giants, there is the question brought up about how this competition affects the future if the UK High Street. My blog is based around how I see the future of the High Street. I can see a massive challenge from online, I can see a massive challenge from overseas companies, such as eBay and Amazon, but I can see a bright future if retailers differentiate and if they can make the most out of online.

It's not a direct choice between online or offline, but the two markets will change. The main man at John Lewis has recently said that customers can't go on expecting to have items delivered and pay the same price that they pay in physical shops. This to me seems contradictory, even taking into account delivery costs online must have much less in the way of overheads.

Overall, I think that if you are an individual High Street retailer you can still stand out and be successful. If you differentiate on quality and service and use online to supplement your offering then this will keep your business vibrant and Click & Collect will help keep people coming to the High Street and keep that vibrant as well.

How do you reward your high flyers?

It struck me again this week something that has come to me time and time again during my time in retail. It's a question of reward.

Now if you're an entrepreneur, a single shop owner (as I hope many if my readers are) then don't start to worth at the word reward. The reward I'm putting forward as the most valuable is one that costs you nothing but time.

It's the simple "well done" or "thank you" and it's worth it's weight in gold. I witnessed this week a team member being told that their work was "awesome" and their area "had never looked so good." These comments had that team member bouncing all day and their work improve de enmity than the "awesome" level that had been achieved earlier in the week.

It's comments such as the "well done" or "thank you" put into your own words that make a huge difference to your team. I was a store manager a long time ago and it was part of the daily routine to thank every team member at the end of every day. The store doubled it's sales in a 12 month period. Now there were other factors at play here, but a team feeling recognised and valued were part of the motivation that enabled them to enact the other changes that made us successful. If the team were not feeling valued, they may not have been as receptive to other ideas.

It seems so basic, to talk to your team at every opportunity, but it's so often missed. I've worked in retail organisations where the store management team are hardly seen. They are office managers, who occasionally have to leave their office to pass out a task to a team member but spend the vast majority of their time cooped up in an office carrying out administration tasks or even less. In this experience, the team self-manage and tend to get the tasks done that they want to do, and some if the less favoured tasks just don't get done. It's a huge leap of faith to have in your team, to leave then to their own devices, and not one i'd take. I always want to have contact with my team and customers and I want an employer that empowers me to do that.

Have you started the year with a bang?

Calling all retailers - 2015 has started and those selling off all their unsold Christmas products have started with somewhat of a bang. Footfall has been good, the weather has been kind and opening hours have attracted a lot of bargain hunters, in store and moreso online.

Don't dismiss online. Remember back to previous blogs where I spoke about click and collect.

http://mytimeinretail.blogspot.com/2014/04/asda-gets-in-on-click-collect-boom.html

I have seen research by an unnamed High Street retailer that the average customer spends approximately a further £8 when they come into store to collect their goods. The value of this is immense.

If you haven't got your act together for 2015 then ensure that you start to think and act straight away. Get your team together and work out what you want to achieve this year, and then build stepping stones if a rinks that will allow you to get there.

Good luck!

What Traditional Estate Agents don't tell you: A guide to getting the most out of selling your home by Steven Thompson http://www.amazon.co.uk/dp/B00I5HOJAM/ref=cm_sw_r_udp_awd_lhuQub1ZH8DHV

Look after your team as well as your customers this week

It's Christmas week and my short message today is to remember your team as well as your customers. It's all to easy to just focus in the task in hand, especially if you're busy with those last sales before Christmas. But remember that as busy as you are in your professional and personal life, your team will be just as busy. Leaving a few minutes early to catch the kids school nativity play or an extra fee minutes on a lunch hour to get groceries for Christmas dinner should be something that's given appreciation for.

Also think about the environment you work in. A non-uniform day or a themed dress day, maybe for charity will lift the spirits and do some good. Laying on snacks, particularly festive snacks, will also keep the team's spirit high going into those last few days before Christmas.

I've written before in this blog that team spirit makes a big difference to your customers, and eventually your bottom line. People do business with people, not special offers or price promotions. Ensuring that your people are fully motivated and feeling valued will ensure that your customers want to do business with them.

I was watching a version of A Christmas Carol yesterday and a line jumped out at me that I'd never noticed before. Ebenezer Scrooge said  to the ghost of Christmas yet to come "I'll try to keep Christmas all year round." I thought that this sentiment rang true for this particular blog. All of the above, keeping the team motivated, etc is something that you should try to keep all year round. It's important to have a well motivated team at all points if the year.

Is it condescending to speak to all of your team about the cold?

It's cold and by all accounts it will be getting colder. It's the time of year when dark skies and cold weather make commuting more time-consuming and more dangerous. I think it's a good idea to speak to each member of your team about leaving a little earlier, driving a little safer, discussing where they park and ensuring they wrap up warm.

Some may see this as condescending but I think it's caring and shows some interest and compassion. Making sure that all your team are safe and well is a good start to every day.

The way you carry this out is entirely up to you - be it a team thing, a one-to-one or an internal email, I think the short amount of time taken to do this will make a difference to all.

Just a short note today, inspires by the weather!

Do you know how to interact with your team?

I know this probably first appears as a stupid question - of course I know how to interact, especially with my team. But look a little deeper and you'll find a communication, training and leadership issue that can determine the future success of your company.

Now whether you are an independent retailer with a handful of staff or a multinational with tens of thousands, it has been shown in recent years that people take in, process and act upon information in different ways.

In terms of learning, there are quite wide differences, where some understand written information much better than verbal and vice versa. Some understand theory and can adapt that to their role, whilst others require practical learning that they can immediately apply to their everyday job. Some need silence to be able to take in and process what is being conveyed whilst others need a group to discuss and question their own understanding.

And this is just training!

Add to this any tasks that you want your team to carry out, dealings with customers such as taking orders, and you have a potential minefield. But it does it have to be so.

I'm sure that you already have at least an inkling of how you need to interact with each member of your team, even if you've not yet formalised these ideas in your head. 

Think about who in your team reacts quickest to things you've said - these are probably those that can process information verbally. You get the picture!

It's about assessing your individual team member's needs and adapting your style to suit.

Try it - the results will be obvious.

Black Friday - are you participating?

In a really crowded marketplace, are you participating in the Black Friday sales bonanza? I think that this event has been created out of nothing relevant to the UK but retailers wanting to shift as many units as possible. Amazon started the trend and it's the big online retailers and multiples that have run with it. The good thing for retailers with the timing of the event is that it coincides with many people's last payday before Christmas, so they are feeling a little flush and many are ready to spend and get a large chunk of their Christmas shopping done.

As a small independent retailer, you have one of two options, in my eyes. You can either roll with it or try to stand against it.  Here's what I mean-

Roll with it

There has become such hype about the event, many independents will feel that they simply have to offer some Black Friday savings or promotions. To get lost in the retail marketplace on such a busy day would be a major trading blow. To compete with Amazon, Tesco and the like, you'll have to box quite clever to find a niche in the marketplace but they exist. I would think that this will be a good strategy for retailers that will see a large footfall passing their door - those in major shopping centres or city centres or those near a Tesco.

Try to stand against it

There is a viewpoint that independents won't be able to price compete on days like this. Independents can offer their own bespoke products and services at their own prices. Next Saturday is Small Business Saturday, and that's when you can get behind a marketing event that is designed just for you.

I'm sure that retailers will take many different stances in relation to this but the one thing I advise is that you measure how successful it has been and learn from it for next year.