See why missing prices labels lose you business

I went out shopping to an out of town retail park yesterday and repeatedly faced one of my pet retail peeves - the missing price ticket! I hate this in a shop and I found it in shop after shop - all major retailers.

Out of town retail parks can often encapsulate the best and the worst of retail in one place. The parking is usually horrendous and battles for parking spaces take place regularly. If you've ever worked in one of these "out-of-towners" and had to regularly leave your car there, you'll know the state that they can end up in with bumps and scrapes. Because of the tendency to operate late hours, there are usually operating on skeleton staffing. And there are sometimes the parking enforcement cowboys that want to take money from you if you stay there too long - isn't the point that you stay there and shop?

But yesterday was missing price ticket day. The first place I saw it was an outlet shop for a major international sorts wear brand. There were signs everywhere showing things like-

"50% off lowest marked price"

"Save 25% on ticket price"

"Further reductions"

And time and time again there were no tickets on the products. Whole racks of clothing with 100 items and I looked through half of them and found not a single price label. It wasn't just me that noticed it. I walked past four other shoppers they were complaining about missing prices.

Next stop was a national supermarket chain that had a big display of consumer electronics as soon as you walk through the doors. Around 20 items in total and 5 of them were missing prices. For a display of this nature, price is a major purchase factor. The price of this is sensitive and all the big players watch each other's price movements with great care. So to have a display missing approximately a quarter of it's prices will cause customers to just walk away.

And this is the point. Away from small shops where you are never more than a metre or two away from your customers, pricing is essential. The result of missing prices is either grumbling customers or customers that walk away. And neither is a reaction that a retailer wants to create in customers.

I'm sure that most of my readers will look at this and think "well this doesn't happen in my store." But if this can happen in major retailers in the examples I saw yesterday then it can slip through the net of others. Go out to your store today and check price labels - make sure that you are ready to trade in every way.

Don't cause your customers to grumble or walk away when the solution is so simple.

Not everything can be bought on the High Street-

Looking back at 100 blog posts - part 1 - The High Street

As I look back at the blog, and the 100 posts that have come before, I will take the next five blog entries to look at the themes that have emerged during my time writing this.

One of the main motivations for writing this blog was the decline in the UK High Street, and what could be done about it. Although the blog hasn't focused on that completely, I have returned to that subject time and time again. I think that some of my blogs have been about comparisons, some have been moans and some have been looking at ways of stimulating the High Street again - not to it's former glory, but to a modern-day vibrant place to shop, eat, park and spend leisure time.

I looked in an early blog about how to make the most of the customers you have through your door when on the High Street. The key to your customers that are against the clock is speed of service. On the High Street, as a pose to those shoppers at out of town retailers, there is the pressure of time. This typically comes from parking charges and the fact that a lot of your customers will be on their lunch break. The blog below looks at preparing for this and being ready.

http://mytimeinretail.blogspot.com/2014/02/speed-of-service-is-key-for-most-high.html

I have tried to tread a fine line on this blog between protecting the High Street, but not at all costs. I think that retail has to adapt to it's surroundings and move with the times. Modern retailing has embraced the online offering, often matching it with the ability to Click and Collect. In this blog, I looked at the modern High Street embracing the advantages technology could offer.

http://mytimeinretail.blogspot.com/2015/01/you-can-have-online-offering-and-not.html

And I wondered in the blog below if there is a major retailer that would take up the plight of the High Street and become a true champion. I think that a big retailer should look after the smaller independent retailers around it. A vibrant High Street or town centre is a benefit for all who live near, shop there and have an outlet there.

http://mytimeinretail.blogspot.com/2014/05/is-it-time-for-major-retailer-to.html

After a visit to Italy, I briefly looked at the differences between the two shopping cultures and the two shopping areas created and used by us and the Italians-

http://mytimeinretail.blogspot.com/2014/02/comparisons-of-uk-high-street-to-that.html

NOT EVERYTHING CAN BE BOUGHT ON THE HIGH STREET

How to increase town centre High Street footfall

Figures released today have shown that retail footfall dropped by 0.1% in April.

However footfall in out of town locations rose by 4% - the 4th month in a row that there had been an increase.

This is more evidence that the government 's town centre first policy is not working.

So what next.  I've looked at certain points in prior blogs relating to how this can be tackled.  Changes to the business rates in vacant shops and incentives from government to help local councils provide free parking are two ways that I think will have a massive impact.

The march of Click & Collect should also see some improvements in town centre footfall and sales figures.

What about YOU as a retailer - what are you doing to keep your High Street vibrant?

Do you have a town centre retail committee?

If so, are you on it?

Are you organising events and incentives to promote your town?

Do you cross-refer to other local retailers?

I think a prime example of the last point is  linked to weddings. A florist should always have a link to a bridal gown shop, a limo hire company, a local wedding cake company - and vice versa.

Local communities of like-minded retailers are stronger together.  Hosting town centre events for Easter, Christmas, Mothers Day, etc will make the whole town sing, encourage people to visit many stores and increase both footfall and sales.

Do this in addition to the moves I have previously outlined and there's a profit to be made!

Councils 'ignoring town centre policy'

The Association of Convenience Stores have said that since the "town centre first" policy was launched, 76% of approved floor space was out if town.  The policy was Government guidance to help keep our Hugh Streets vibrant and to consider the impact of planning decisions on town centres.  The Association claims that local councils are ignoring planning guidance.

The Government needs to go further than this if they want to maintain the vibrancy of town centre High Streets.

They should give cash to councils that make their High Street parking areas free for people that spend on the High Street. The cuts that central Government has made to local councils has forced them to charge for every service and try to make their own money in every way they can.  This affects people's choice of whether they go to the High Street, pay to park and always have an eye in the clock, concerned about a parking ticket. The contrast is out of town, free parking, plenty of time and often more choice.

To compete, High Street have to start with the parking issue.  If you provide free parking for those who spend a certain amount in the town, maybe get your parking attendants to be a little more human and sort out the staff parking situations then it will go a long way to redressing the amount of floor space approved in town centres, as shoppers and retailers will want to return.

Can the Government be radical on landlords with vacant shops?

It seems such a shame when there are rows of empty shops in certain Town Centres.  In my local Town Centre there is a shopping precinct and there is a string of shops with no tenants.  There is a relief on paying rates for the first 3 months - and I agree with this, as it can take a little time to find tenants and find the right tenants.

Where I propose that the Government push a little harder is after the 3 months have passed.  I suggest that business rates in empty shops go to 150% of what they are when occupied - what greater incentive would there be to ensure landlords find a tenant and keep our High Streets vibrant and full if choice.