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  • Casual Articles - Retail Shrink - Every Retailer's Dirty Little Secret

    Tips for Leading Change: Reduce Sabotage-Increase Profits While Moving Through Transitions
    LEADING CHANGEThe momentum of change continues to build. If you or the organization you work with is not prepared for ongoing change then you risk the possibility of being overwhelmed and left for dead by the Superhighway of life! This dramatic metaphor is reported constantly by the predictors of business and economic trends. With technology and Globalization of trade driving these trends, we must learn to adapt, gracefully, to this change or be playing the very difficult role of catch-up.To illustrate my point, have you
    ough to recognize their eye color. You may think that is strange, but by doing that you have made a connection and a recognizable impression of their face. I still believe in the use of name tags worn on the right hand side of the shirt so that there is a connection made between the eyes and the name and back again. For the customer, this is the best way for them to recognize the employee as the expert who can help them. For the shoplifter, it is a way to make them uncomfortable, which is what the goal should be.

    3. Know Store Policies: Ongoing training programs that focus on store policies and updates or cha

    Inventory Optimization Addresses the Challenges of Overseas Sourcing
    Anyone who watches or reads the news today hears about how the sourcing of materials from overseas, particularly from Asia, has impacted the amount of manufacturing jobs available in America. What manufacturing insiders worry about the most when it comes to sourcing from overseas is more closely related to inventory levels. While purchasing material overseas may bring a company advantages in terms of lower prices, the negative impact is the growth of inventory carried on the balance sheet. For large manufacturing firms with the financial sca
    I want to share this staggering statistic. 1 in 12 people in the US is a shoplifter and a shoplifter will commit an average of 50 thefts before being caught. What is worse for retailers is that this represents close a 5 Billion dollar loss to shrink.

    I think store shrinkage is that "dirty little secret" that no one wants to talk about but everyone knows it is happening. Most people feel that it is only the customer who is stealing. Unfortunately the latest statistics showed that dishonest employees stole as much as six times the dollar amount that shoplifters do.

    In order to "shrink the shrink numbers", I believe that organizations need to take ownership of the problem and train their employees to be more engaged at work. Statistics have also shown that if an employee has a conversation with a customer, that customer will be less likely to steal from that store. It seems to me that one of the key ingredients to any good training program should be that of making a connection with the customer.

    Here are 3 ways to connect and keep the attention of your customer.

    1. Aware: Employees are expected and encouraged to multi-task. I always have said that any good employee has to be a magician, an actor, a diplomat and a teacher! Those terms are even more important as scheduling becomes a challenge for retailers. No matter how busy an employee becomes, it is very important that they are always aware of who is in the store and where they are at any given time. If it is a large store with a number of departments, then each employee should be aware of who is in their area of responsibility.

    To be aware is to be actively engaged. What do I mean by that? I mean that personal technology devices are not allowed. As the employee is working they are making eye contact with customers in there area of influence. If they are text messaging or taking personal phone calls or chatting with other employees, they are not actively engaged in their job. Employees should be taught to notice bags that are brought into the store, heavy coats being worn when the weather is hot, overly large handbags and anything else that just looks suspicious. Offering to hold something at the register is a good way to help a customer who needs a hand but it can also make a "would be shoplifter" think twice.

    2. Eye Contact: When teaching employees how to greet a customer, never overlook the power of eye contact. I always tell employees to look at them long enough to recognize their eye color. You may think that is strange, but by doing that you have made a connection and a recognizable impression of their face. I still believe in the use of name tags worn on the right hand side of the shirt so that there is a connection made between the eyes and the name and back again. For the customer, this is the best way for them to recognize the employee as the expert who can help them. For the shoplifter, it is a way to make them uncomfortable, which is what the goal should be.

    3. Know Store Policies: Ongoing training programs that focus on store policies and updates or chan

    Ode to a Spoon
    "Happiness is not having what you want, but wanting what you have." --Rabbi Hyman Judah Schachtel (1907-1990)I have to admit it, I love spoons. I love their round shape. I love their cheerful shine. I love how perfectly they fit into your mouth when you eat something smooth like ice cream or pudding or even when you eat something tummy warming like hot soup.I love spoons because they are functional as well as beautiful. Eating breakfast cereal just wouldn't be the same experience without them. I enjoy using them very much
    I believe that organizations need to take ownership of the problem and train their employees to be more engaged at work. Statistics have also shown that if an employee has a conversation with a customer, that customer will be less likely to steal from that store. It seems to me that one of the key ingredients to any good training program should be that of making a connection with the customer.

    Here are 3 ways to connect and keep the attention of your customer.

    1. Aware: Employees are expected and encouraged to multi-task. I always have said that any good employee has to be a magician, an actor, a diplomat and a teacher! Those terms are even more important as scheduling becomes a challenge for retailers. No matter how busy an employee becomes, it is very important that they are always aware of who is in the store and where they are at any given time. If it is a large store with a number of departments, then each employee should be aware of who is in their area of responsibility.

    To be aware is to be actively engaged. What do I mean by that? I mean that personal technology devices are not allowed. As the employee is working they are making eye contact with customers in there area of influence. If they are text messaging or taking personal phone calls or chatting with other employees, they are not actively engaged in their job. Employees should be taught to notice bags that are brought into the store, heavy coats being worn when the weather is hot, overly large handbags and anything else that just looks suspicious. Offering to hold something at the register is a good way to help a customer who needs a hand but it can also make a "would be shoplifter" think twice.

    2. Eye Contact: When teaching employees how to greet a customer, never overlook the power of eye contact. I always tell employees to look at them long enough to recognize their eye color. You may think that is strange, but by doing that you have made a connection and a recognizable impression of their face. I still believe in the use of name tags worn on the right hand side of the shirt so that there is a connection made between the eyes and the name and back again. For the customer, this is the best way for them to recognize the employee as the expert who can help them. For the shoplifter, it is a way to make them uncomfortable, which is what the goal should be.

    3. Know Store Policies: Ongoing training programs that focus on store policies and updates or cha

    Starting a Business - The One Mistake many Owners make when Starting a Business
    You've decided to go into business for yourself. You've done your research into your industry, overhead, equipment, advertising, etc. You're all set to go, right? Wrong!If you have NOT had comprehensive research conducted on your business name, then you do not know if it's truly available.A common mistake many new business owners make is assuming that their business name is available simply because:the domain name was available the fictitious name was available the
    at and a teacher! Those terms are even more important as scheduling becomes a challenge for retailers. No matter how busy an employee becomes, it is very important that they are always aware of who is in the store and where they are at any given time. If it is a large store with a number of departments, then each employee should be aware of who is in their area of responsibility.

    To be aware is to be actively engaged. What do I mean by that? I mean that personal technology devices are not allowed. As the employee is working they are making eye contact with customers in there area of influence. If they are text messaging or taking personal phone calls or chatting with other employees, they are not actively engaged in their job. Employees should be taught to notice bags that are brought into the store, heavy coats being worn when the weather is hot, overly large handbags and anything else that just looks suspicious. Offering to hold something at the register is a good way to help a customer who needs a hand but it can also make a "would be shoplifter" think twice.

    2. Eye Contact: When teaching employees how to greet a customer, never overlook the power of eye contact. I always tell employees to look at them long enough to recognize their eye color. You may think that is strange, but by doing that you have made a connection and a recognizable impression of their face. I still believe in the use of name tags worn on the right hand side of the shirt so that there is a connection made between the eyes and the name and back again. For the customer, this is the best way for them to recognize the employee as the expert who can help them. For the shoplifter, it is a way to make them uncomfortable, which is what the goal should be.

    3. Know Store Policies: Ongoing training programs that focus on store policies and updates or cha

    Advertising is an art - Learn it
    Whether you are a full time affiliate marketer or running a business, online or off. Your success is going to depend on the advertising you do.All successful business owners will tell you a huge amount of their time and/or budget goes into advertising. So to keep from wasting your valued time or your hard earned money, it only makes sense to make wise choices when you advertise.Fortunately for those advertising online there is a huge market of widely varied free promotion. Giving you much freedom to test which types, of ads as
    xt messaging or taking personal phone calls or chatting with other employees, they are not actively engaged in their job. Employees should be taught to notice bags that are brought into the store, heavy coats being worn when the weather is hot, overly large handbags and anything else that just looks suspicious. Offering to hold something at the register is a good way to help a customer who needs a hand but it can also make a "would be shoplifter" think twice.

    2. Eye Contact: When teaching employees how to greet a customer, never overlook the power of eye contact. I always tell employees to look at them long enough to recognize their eye color. You may think that is strange, but by doing that you have made a connection and a recognizable impression of their face. I still believe in the use of name tags worn on the right hand side of the shirt so that there is a connection made between the eyes and the name and back again. For the customer, this is the best way for them to recognize the employee as the expert who can help them. For the shoplifter, it is a way to make them uncomfortable, which is what the goal should be.

    3. Know Store Policies: Ongoing training programs that focus on store policies and updates or cha

    Textile News Can Misguide You
    Textiles are considered to be a mediocre business industry. That means clearly that there are no rapid changes happening in the global market as projected by the news syndicates. Basically there is nothing as pure textile news available on a regular basis. At times traders are made to believe that there is a new change happening in the textile industry. I have come across textile news some as old as two years which are churned in such a way that it looks to be new ones.Let me make this a point here. We should not consider textile news
    ough to recognize their eye color. You may think that is strange, but by doing that you have made a connection and a recognizable impression of their face. I still believe in the use of name tags worn on the right hand side of the shirt so that there is a connection made between the eyes and the name and back again. For the customer, this is the best way for them to recognize the employee as the expert who can help them. For the shoplifter, it is a way to make them uncomfortable, which is what the goal should be.

    3. Know Store Policies: Ongoing training programs that focus on store policies and updates or changes are very important. Each company has a list of policies, many of which are hard and fast rules that only a manager can override. Policies that refer to holds, returns, cash refunds and exchanges are important for employees to know. Not only is it important to know the policies but it is even more important for the employees to know their own merchandise. Frequently customers will try to return merchandise to a store other than where the merchandise was supposedly purchased from.

    New, inexperienced employees can become flustered and choose making the customer happy over following the store rules. I know what you may be thinking…you were that person who actually had a legitimate return and the employee made the process painful at best! Yes, it situations like that happen everyday. The job of the employee is to use their "inner radar system" to decide if the return or complaint is legitimate or if the customer is looking for a way to "steal" from the store.

    Being aware, making eye contact and having a strong working knowledge store operations should be an on-going requirement for any store employee. When any of those three is missing, companies open the door for potential thieves to steal their profits.

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