The Wealthy Retailer

Thanks for joining us again! Dan Holman, the Wealthy Retailer, continues to share the 20 key points you’ll need to undertake for the most successful 2021 possible. Here are numbers 11 to 20! From Content creation, to clarity breaks, to profit planning and more. These are the things you’ll need to focus on for 2021. The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all importan...

Thanks for joining us. Dan Holman, the Wealthy Retailer, shares the 20 key points you'll need to undertake for the most successful 2021 possible. From Content creation, to clarity breaks, to profit planning and more. These are the things you’ll need to focus on for 2021. The Wealthy Retailer is hosted by Dan Holman. Join him as they discuss all important topics in the retail industry. He chats wit...

Get ready for new the new Instagram Reels feature that will allow you to view products, to buy or save for later. The benefits retailers need to consider. We discuss a story about retailers banding together, getting creative and working to drive sales; the one thing that is going to get them through this. A Q&A story with the bold quote of 'there is no retail apocalypse, Dan shares his thought...

On your own or as part of a retail community initiative there are so many ways you can approach the subscription box opportunity. A great way to create recurring revenue for your store and to connect with new audiences. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the weekly series where Dan focuses on items of importance for the i...

As retailers face new Covid operating rules, some timely advice is shared by Dan. We also discuss a story and provide some answers about smaller retailers who are suffering some major supplier issues, in this case it was Lego challenges. Time to face the new model reality as we discuss retailers who were not originally set up to operate as an online retailer and the challenges they have faced in m...

Are there new opportunities to test proof-of-concept with pop up retail? You bet there is and Dan shares his thoughts on testing out new traffic and new locations and what you’ll need to consider when doing so. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the weekly series where Dan focuses on items of importance for the independen...

A retail chain talks about flexing some of their creativity muscle and Dan wades in with some ideas. Great story of some brick and mortar shops leveraging Ebay to generate additional sales (and vice versa). Retailers are facing increased costs due to the pandemic and we discuss how you can treat these costs going forward. Some more retail math you’ll want to hear as Dan shares some lessons in Cost...

Some great points to consider for retailers to develop key strategies to grow a healthy business. Dan also dives into the lifetime value of your customer and how these strategies support getting to that full value. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the weekly series where Dan focuses on items of importance for the indepe...

How can you help independent stores through the winter and holiday season and more importantly, how can they help themselves? Story on retail partnerships you'll want to check out. Opportunities are there with the partnerships, Dan discusses what you need to do to take advantage of them. It’s fun to call Dan Mr. Moneyball sometimes, he loves numbers and be sure to listen in as he shares some retai...

While digital paths might start the customer relationship, you need to do all that you can to make and enhance the real and human side of the connection. Dan focuses on the importance of this and shares some thoughts on how you can do just that to build longterm customer loyalty. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the wee...

We discussed how retailers can best be prepared as well as looking for ways to proactively take it on as a second wave of closures is coming. Have you collaborated lately? An interesting collaboration story between two Canadian clothing icons sparked the conversation about retailers starting their own collaboration and what they can do to take advantage of this great opportunity. You may have hear...

As you get ready for 2021, you’ll want to start thinking about your support alliance. Who can you lean on, who can you look to for positive (and real) feedback to help you grow your business. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the weekly series where Dan focuses on items of importance for the independent retailer. Thanks...

How long should a retail store last? We discussed that in relation to a story about a 100 year old retail store. Lots of talk about Black Friday, normally one day, but this year it is really being spread out and we chime in on that topic. A story from Forbes about some buyers picking up brands and the specific things they are looking for - we chatted about how might your store benefit from this. D...

Is your return policy building customer loyalty? Take a step back and put yourself in the shoes of your customer to better understand the potential frustrations they could be experiencing within your full buying experience. What can you do to build more trust and loyalty? More importantly - what can you do to build a lifelong customer? This is Retail Revelations with Dan Holman - host of the Wealt...

This episode we talked about opportunities for small retailers in the face of department store challenges. Ever hear the term Retail is dead? Well, no one told these home brands and we were happy to discuss. More landlords are providing chances for retailers to take the Pop Up TEST DRIVE! We talked about going for the Win as Dan shared some thoughts from his 12 Steps and finally, another chapter o...

More Holiday sales ideas for you to run with and grow your business! We had so much fun discussing some sales ideas around Black Friday, Dan decided to share some more that you can use at any special time in the year. Remember! There are even more! Dan would be happy to share some additional ideas with you to drum up sales for your store. Just Email dan@thewealthyretailer.com and he’ll send you so...

Retailers getting prepared for the extended holiday season this year. Deloitte has released a new Holiday 2020 outlook, Dan shares his thoughts on that. The closing of Le Chateau: is this right sizing and does it represent more opportunities when things turn around? More sales ideas! - We liked the ideas that Dan shared last week so much, Dan shared some additional ones that you can use for Black...

It’s time to get proactive for your retail store with some great ideas to implement for Black Friday. While we focus on the major retail holiday, these are ideas that you can use the entire year through. Wait! There are even more! Dan would be happy to share some additional ideas with you to drum up sales for your store. Just Email dan@thewealthyretailer.com and he’ll send you some ideas! This is...

It's coming up on holiday online go time. Are you ready.....are you really ready? Dan shares a few Black Friday ideas this week and they are three great ones! If you're in small business, this is your week. A great reminder, a great time for everyone to remember what drives our economy and what needs to be supported as we talked about small business week. If you’ve watched Glengarry Glenross....AB...

Retail incubation. Is there enough of it? Can there be more? You bet there can! Opportunities abound in the current environment for municipalities, landlords, Chambers of Commerce and more to step up and provide the guided starting points for new retailers to enter the market. Dan shares his thoughts. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This to...

It’s time to focus more on experiential retail that is not gimicky and unsustainable. Hudsons Bay is in some eviction trouble, what effect does this have on the malls they are in and the balance of their retail tenants? As Covid cases continue to rise, the conversation around higher pay begins again for frontline workers. It is a short term fix and we discuss if it is the right approach to perform...

The importance of human touch in the retail experience. Dan talks about the longing customers have for social engagement and how it matters so much to independent retailers. This is Retail Revelations with Dan Holman - host of the Wealthy Retailer Podcast series. This topic comes from the weekly series where Dan focuses on items of importance for the independent retailer. Thanks for joining us on...

Thoughts to get ahead of the new lifestyle buying wave. We chatted about those retailers that have recognized that this is not a blip and are pivoting to change the way they do business are winning. After the recent court ruling on the MEC sale, we discuss what the future of Co-op’s look like. It’s go time for the holidays….the 84 days of Christmas. Time to make some money New, seemingly cheap opp...

Yes, it is a cash register but it is so much more! Dan shares some insight about your POS system and how the independent retailer can be discovering so many great analytics and tools within it. Connect with your provider (partner) and find those buried treasures today! Dan also shares some insight about Shopify. It’s a big jump. Is now the time to start a Shopify store? Is now the time to switch u...

Great discussion this week with our guest host, Scott Smith! We discussed stories like: Why is data king for struggling retailers post-COVID? Historically, data has been a retailer's pain point. Many lack the time, the staff, and funds to track, analyze, and utilize it but it is an excellent opportunity for sustained business growth. Scott shares why data will help retailers going forward. Safety...