The Wealthy Retailer

Bob Negen founded the Mackinaw Kite Co., a small chain of specialty toy and kite stores, in 1981 when he was only 23 years old. He had just graduated from college, didn’t want to get a “real job” and loved flying kites. It didn’t take long for him to realize that his passion for his product was not enough to make him profitable, and he then spent the next twenty years learning how to be a successf...

The Circular Economy is simple in theory but applying it can be a different story. Shifting from linear production to a regenerative, circular model is good for the planet and good for your retail business. Juli Lassow with JHL Solutions is working with organizations to implement Circular Economy strategies into their framework today. To learn more about Juli at JHL Solutions, visit: www.jhl-solut...

The global retail industry suffers from $100B in shrink — financial loss due to missing revenue, wasted inventory, stolen goods, or improper accounting — every year. It historically has been a major pain point for retailers. To combat this issue, retailers have begun to implement various loss prevention strategies, including video surveillance and additional policies to control the shrink. While m...

Why should you take a vacation? This may seem like a “DUH” question, but the truth is, too many entrepreneurs, especially retail entrepreneurs don’t take enough time away from their business to reenergize, regain objectivity and reignite their passion. We are consumed with what we want and need OR what we are missing and not achieving; we keep our heads down and try to push forward - that push for...

This week on the podcast we had the pleasure of welcoming the back the founder of Project Retail, Margo Kopman for some insight in to the indie retail world behind and ahead of us… Margo lives, eats, and breathes all things retail. With over 15 years of retail consulting experience as the president of Project Retail, Margo is extremely passionate about inspiring clients with her vision and authent...

This week on the Wealthy Retailer® podcast Dan chat with Ilze Folkmane, Communications Director with Printful; an on-demand printing and fulfillment company that helps people turn their ideas into brands and products. Whether you wish to create your own online brand or gift someone a personalized t-shirt, they can help you get it done. Whenever someone—you or your customer—makes a purchase, they'l...

Catch this week’s podcast and learn how Simon Trafford, owner at Social Lite Communications, has taken his craft to a level we all aspire to in ecommerce retail. Simon and his team lead and teach Shopify store owners grow sustainably with Facebook, Instagram, Google and YouTube advertising, email marketing, and offer strategies at every stage of the customer journey – acquisition, ascension, and r...

Dan welcomes Juli Lassow, Founder at JHL Solutions to the podcast this week to talk about private label goods for the indie-retailer. Listen in as Juli shares how connecting the dots between retailers, suppliers, and the strategies they need to bring must-have private-label products to market can drive your retail business forward in 2022. Juli has dedicated herself to supporting retailers and sup...

Over the last few weeks, I’ve had many conversations with retailers about the need to elevate customer experience in their stores’ (both physical and digital). As I look at my own business and measure CX, I use this podcast guest as my benchmark. Step 5 in our 12 for 22 Whitepaper is Customer Experience is Everything and no one exemplifies that statement better than Lexus of Edmonton’s President,...

This week we are sharing the latest Merchant Mastery Podcast with Kurian Tharakan, Managing Director and Dan Holman, The Wealthy Retailer. Whether you're at a crawl, walk, or run with your online store, Merchant Mastery has courses to help you build and optimize your store, master email marketing and ads, understand offer strategy, and scale your revenue. To learn more about Merchant Mastery and h...

There is an old myth that says we only use 10% of our brain and while this myth has been debunked by many neurologists, there may still be some truth there… As a 30-year-old POS company we know that retailers do in fact fail when it comes to using the full power of their POS system, the brain behind their business. In this week’s podcast Dan shares 3 strategies to better utilizing that brain to mi...

Customer Loyalty should be earned not BOUGHT!! When you 'google' the word loyal , the definition is 'giving or showing firm and constant support or allegiance to a person, institution or brand'. ... Loyalty is genuinely having their best interests at heart and ensuring that relationship is reciprocal. So, before we add expense to our business building or adding a loyalty program that will more tha...

How do you make 2022 your most prosperous year yet? The Wealthy Retailer®, Dan Holman shares his latest 12-steps presentation to obtaining Retail W.E.A.L.T.H. in 2022. Follow along with our downloadable white paper ( 12 for 2022 ) and let’s master these 12 Must Do’s together! The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chat...

How do you make 2022 your most prosperous year yet? The Wealthy Retailer®, Dan Holman shares his latest 12-steps presentation to obtaining Retail W.E.A.L.T.H. in 2022.  Follow along with our downloadable white paper ( 12 for 2022 ) and let’s master these 12 Must Do’s together! The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. H...

Dan and Pete have a well rounded conversation about retail, entrepreneurship and more. Great takeaways for you and your retail business to start a successful 2022. Pete helps entrepreneurs transform their frustrations into freedoms by using a variety of frameworks that help them cut through the chaos and overwhelm of running a business. With over 25 years as a business owner and 11 of those as a r...

Retailers! Listen and learn! Dan chats one on one with Marc Weiss of Management One. They discuss the biggest winners (and losers) of 2021 and the actions they took; The 2022 retail outlook and the needed actions for the indie retailer to survive and thrive and more. More about Marc: In March 2015, Marc Weiss assumed the position of CEO for Management One. A co–founder of the company, Marc was pri...

Getting involved with the local business community as part of the formula for your business success is part of today’s discussion as Dan chats one on one with Curtis Crouse. Curtis s a St. Albert resident whose family is rooted here now in 3 generations. He lives in Woodlands with his wife Sheyanne and daughter Sloan and the family dog, Chaos. A University of Lethbridge Business graduate, Curtis o...

Dan put it into high retail gear with Jon Wynn from Gear Up For Outdoors this week. Join the conversation as they talk outdoor retail, inventory, discounts and more. Jon Wynn was born and raised in Toronto and went to a boy’s private school… He experienced the North as a Junior Ranger in 1976 and decided he wanted to pursue a carrier in Forestry instead of following the way of business and marketi...

Listen in to this week’s podcast as Dan talks one and one with Management One’s Dane Cohen covering the topics that are important to you, the independent retailer. Dane brings more than a decade of experience in the fashion, wholesale, and retail industry to the Management One team. Independent retail is in his blood as he formerly led the retail division of the family-owned chain of speciality de...

Great real estate and real estate management is in the middle of every successful retail operation. Join us as Dan chats one on one with Micheal Keating of Colliers about all of the considerations you need to make and plan for to be successful in your business. Mike is a real estate and leasing sales professional that has completed more than 1,200 real estate transactions over a 32 year career, le...

There is lots of value for independent retailers in this podcast as Dan and Scott talk about numerous retail topics. Get the benefits of their many years of retail expertise and their up to the minute awareness of trends, challenges and opportunities for the independent retailer.  More about Scott: The success of independent retailers has become a lifelong passion for Scott. From his beginnin...

A conversation from the retail front lines. Dan chatted one on one with Tammy Beideman of Sweet Elizabeth Jane. They’re a vintage-inspired lifestyle store where you can shop for clothing, accessories, home goods and fun gifts. They were founded in 2011, in Ellicott City, Maryland. Sweet Elizabeth Jane is named after Tammy’s two grandmothers, Elizabeth and Jane. Their mission has always been to cre...

Do you know what Barterpay is? You need to listen to this podcast to learn all of the ins and outs about using Barterpay for the benefit of your retail business! Dan chats one on one with Matt Hewson and there are so many great things to learn about this new opportunity.  More about Matt: From being a solopreneur to managing hundreds of staff in multiple locations, Matt has done it all. He ha...

Talking retail e-commerce with Ivana and Dan! So much to discuss in this constantly evolving space. Ivana and her team are on top of it and able to provide the expertise you are looking for with Shopify stores. Be sure to tune into this week’s episode to learn more for your retail business. Ivana is the Program Director of Merchant Mastery, an online incubator and coaching program for Shopify merc...

Dan and Stephen had a great conversation around retail pop-ups. Whether you are testing new markets, new locations or new opportunities - the pop-up might be for you and Stephen is the expert on the topic! Lots of great takeaways, so be sure to join us for this episode of the Wealthy Retailer. ABOUT STEPHEN: For over 35 years Stephen Brooks has been immersed in all things retail. His career has ta...