5 tips to plan a successful 2019
It’s that time of year again to put away the holiday decorations, ring in the New Year and to get your store ready for the new season. Here are the top five ways I would suggest to get ready for the upcoming year so that you can put your best foot forward and be ready to refresh and renew your store for when customers start to roll in.
Inventory. It’s super important to do at least an annual inventory so that you can shore up your numbers and review your numbers. Determine if you have a section in your store that is constantly seeing a loss and consider moving that section to a more visible area and also seeing what items are still hanging on.
Let it Go. This may be a good time to play your favorite Disney songs from “Frozen” and take a cue from Elsa. Once you have reviewed your inventory, find those lingering items that aren’t selling and make a plan to get rid of them. If they haven’t sold by now, trust me, they aren’t going to get any cuter by keeping them around. Make them into a grab bag or make a clearance for them, but don’t let them jam up your inventory any longer.
Review Purchases. Make sure you spend some time reviewing purchases and making POs for orders made at trades shows, and make improvements before they start to ship. Maybe you saw the cutest T-shirt with penguins on it and your return home and find that you still have six penguin shirts in stock or you have no tiger shirts on order but several customers have asked for that. Look over your purchases so you understand what is coming in while you still have time to update.
Plan your staff reviews and staffing plan. The end of the year is a great time to do reviews with your staff. Applaud them for all the great things they have done throughout the year and work with them on goals that you would like to see them achieve for the year ahead. This is also a great time to look at who is on staff and think about the number of staff you will need to hire and how you will do that.
Planogram. You bought all that inventory but, do you have a plan for it? Start looking through your orders and making a plan for where the inventory will go. Create a loose idea for your merchandiser or sales team on what themes you will have, so once the inventory starts rolling in, you will know where you want it to go. Thinking about it ahead of time will also play into some of the other ideas of reviewing purchases and making sure you don’t have too little or too much to tell your story and achieve your sales goals.
All in all, we wish you the best 2019 season ahead and hoping for great weather and continued success for all institutions!
Melinda Greene is the retail manager at the Kansas City Zoo and a member of the Zoo & Aquarium Buyers Group board of directors.