Retail Trends

How did local retailers fare during holiday season?

NRF released holiday sales figures on January 12, 2018 with holiday sales rising to $691.9 billion in November and December, marking a 5.5 percent increase from the year before. The NRF had forecast holiday spending growth of 3.6 percent to 4 percent. They attributed this to growing wages, stronger employment and higher confidence, leading consumers… [Read More]

Results are in! – Holiday Shopping intentions & Expectations 2017

We asked Hampton Roads shoppers their holiday shopping intentions and local businesses their holiday shopping expectations. You can read the full story over at Inside Business and download a copy of the full holiday shopping report below. Business Results: HolidayShopping2017_FinalResultsforPublicRelease Shopper Results: HolidayShopping2017_FinalResultsShopperforpublicrelease

Steps To Business Success For The Holiday Season And Beyond

Brick-and-mortar businesses – retailers, restaurants, services companies – must constantly reshape their goals and create the future rather than letting it control them. The final quarter of 2017 is upon us.  And the annual holiday period can make or break a business’s bottom-line. Here are a few tips for creating success, for the holiday season… [Read More]

We’re Taking the Pulse of Retail in Hampton Roads This Holiday Season!

    Retail Pulse is back! If you aren’t familiar with Retail Pulse, it’s an annual survey Retail Alliance conducts, to check on the vitality and success of retail in the Hampton Roads region. This year we are back with a survey to gauge the expectations and intentions of shoppers and store owners this holiday… [Read More]

Inventory Management: Tips and Trends

To run a successful store, it’s vital that you regularly manage your inventory and with these simple keys, you can save time and money and therefore, become more productive. The following article was produced from a STRIVE Webinar, presented by Joanna G. Brumsey CPA from Wall, Einhorn and Chernitzer. CURATE YOUR INVENTORY No matter the… [Read More]

Pop Up Shops – The Ins and Outs

With Amazon being the latest retailer planning dozens of pop-ups across U.S. shopping malls over the next year, if you’ve not already done so, now is the time to take a serious look at this growing phenomenon. Small and large merchants are embracing the pop-up trend, both online and physical retailers alike, with the pop-up… [Read More]

Retirement Takes Time – Who Will Fill Your Shoes?

Much has been written about the Baby Boomer generation but one thing that we all know for sure is that retirement is already underway or imminent for many of them. Retirement of this generation is going to have a major impact on the economy, with widereaching implications. An unprecedented proportion of those baby boomers are… [Read More]

2014 Survey Shows Huge Benefit From “Buy Local” Efforts

A national survey of independent business owners conducted by the Institute for Local Self-Reliance in partnership with the Advocates for Independent Business coalition has found that Local First initiatives are boosting customer traffic and improving the outlook on Main Street, but policymakers need to do more to create a level playing field and ensure that… [Read More]

The Corner Post: My Notes From The National Retail Federation Big Show

I had the opportunity to travel to the National Retail Federation (NRF) Big Show in New York City a little while ago. What an interesting and thought-provoking experience! After reviewing my notes I would like to share some of my take-aways: Online sales versus brick and mortar retailers. Online sales is here to stay and… [Read More]

The Best Way to Draw Crowds to Your Store This Holiday Season

Small retailers looking to gain an edge this holiday season can follow these three tips from American Express OPEN Forum: Host Events An owner of a home decor store plans to host several events between Thanksgiving and Christmas to help increase holiday sales. She plans to participate for the third year in American Express’ Small… [Read More]