This week is the MUST DO week when it comes to assessing how your Christmas sales are going

It's a hugely important time of the year for most retailers. I know of some retailers that trundle along through the rest of the year happy to break even or make a small profit on the basis that their Christmas trade will make up for it all. Many retailers I've worked with report that over 50% of their annual trade will happen during this quarter of the year. And there's the sales after Christmas to take into account as well!

With this time of year being so important, so busy, you can often forget to take a small step back and assess things. So ask yourself this question today-

How is it going?

Really. Find some time this week to answer that question. It's vital to the success of the rest of the year.

The big retailers have cottoned on to one truth that I'm going to share with you today-

Customers only have a finite amount of money to spend at Christmas.

It sounds pretty straightforward doesn't it? But it changes the way they operate. Their whole ethos is based around getting you (and your customers) to spend it with them and to spend it early. Look at the incentives-

• Extra loyalty card points
• Tesco Clubcard exchange
• Sainsburys Nectar point exchange
• Boots points events nights
• Boots Star Gifts and weekly offers
• Black Friday
• Cyber Monday

And the list continues. The idea is that you incentivise your customers to shop with you early. A typical Christmas list might read-

• Wife
• Eldest
• Youngest
• Mum
• Dad
• Mother-in-law
• Sister
• Brother
• Niece
• Nephew

And once there's a tick next to every name on the list, then Christmas gift shopping is pretty much done. So if it's done at a Boots points event, for instance, then the spend at Boots will minimise the likelihood that there will be any spend in other retailers nearer Christmas.

As for Black Friday and Cyber Monday, these are not American imports, as the press likes to label them. These events mean more to the British market than the American one. In the USA, it's our equivalent of the January sales - they are selling off post-Thanksgiving stock that didn't sell. They don't do Christmas in the same way we do. Over here it a great tool for retailers to get those sales in early.

So have a look at what you have done and what you have planned and see how you can secure those early sales. It will make a big difference to your performance for the rest of the year.

It's payday weekend - what does it mean to me?

Its payday weekend again - either this weekend or next weekend for your customers, with the last day of June on Tuesday. I've often posted payday weekend notices on my blog here (http://mytimeinretail.blogspot.com/2014/03/it-payday-weekend-again.html & http://mytimeinretail.blogspot.com/2014/02/payday-weekend.html) but without too many mentions of what that actually means. So I'll go back to the basics.

What is payday weekend?

In basic terms, it's the weekend straight after the majority of your customers get paid. This is when they are feeling the most flush with money and traditionally when they spend more of this money. The last week or so of the month before payday has often been where people have cut back and only dorms on essentials. They then break over that threshold and have their monthly salary in their account and are ready to treat themselves again. This is when the pursestrings are loosened.

What is different?

In actuality nothing is different - even more so in these days of ready credit but psychologically people feel that they have more money. And this applies to your team as well. And the difference to the town you operate in is that there are more people out shopping for more items at more money. And you have to prepare differently. Depending on your retail business, you will probably need more staff, more stock and your shop needs to be as ready as it can be in time for the expected footfall. So all non-customer tasks should be completed and out if the way long before the weekend trade really kicks in. Replenishnemt needs to be spot on and targeted in the right areas - as effective as possible and not disruptive to the flow of customers.

To some of you, this may seem like the basics but it's important to ensure that you have a plan and a routine to ready yourself and your team for these occasions, a they can make the difference in gaining new customers and retaining existing customers.

Customers

How you are set up for payday weekends and how your customers experience you at this time sets the time for their future visits. If you are more likely to see customers at this time, then you will have a larger pool of customers to make an impression on than normal. Each customer's experience with you this weekend can determine whether they see you as a delight to shop in (for those of you prepared for the extra trade) or a hassle (for those playing catch-up) and you need to ask yourself what you want to be here. The "delights" will see new customers converted and existing customers retained. The "hassles" will see a slow erosion of their trade.

It's time to step forward!

Not everything can be bought on the High Street-

New recruits? Are you prepared?

How to organise yourself ready for new recruits

The lead-in time needs to be balanced-

Not so short that you're not ready for your new recruits when they start.

Not so long that the good ones find something else in the meantime.

I've seen so many new recruits work for weeks on end without uniform and name badges after starting. You will know what you want then to wear and how you want your people to present themselves to your customers. In advance if the start date, have all of this ready.

Send details through to your new recruit - dress standards, punctuality expectations - all the things that you want them to be ready for. Don't get the initially important bits (the customer-facing parts) lost in the weight of an employee handbook or contract or terms and conditions. Send this separately, via email, to your recruit a little while before they start and invite any questions in advance of the start date.

The first day should include all of the compliance bits that you need to get out of the way, so you can then concentrate on getting your new starter out there and learning the ropes. A great way to do this is to have them buddied up with an experiences member of the team, or members of the team. Get them working with the experts in each area, so they can learn from the best and have a great point of contact for any questions or learning needs.

All in all, a rounded approach with some guidance from many people, and you being ready to receive the new starters and inspire them will be the best wag forward.