Fashion Retailing Meets The Titanic
Filed under Fashion Business
I get correspondence from a surprising number of fashion retailers who own smaller stores where the annual sales revenue is ‘stuck’ at $200k, $300k or even $500k per annum. I’m told that not only have ‘sales growth’ have been stagnant this year, but for many years.
When I write back to ask them what fashion marketing, advertising or customer relationship activities they are working on – I usually get this response…
"Oh, we need to buy some new stock and move our displays around. We should have this all done soon. Maybe we can look at marketing next year."
Talk about "Shuffling deck chairs on the Titanic!"
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If 100% of fashion marketing ‘activity’ is stock ordering and moving it around the store… Beware!!! It’s like shuffling deck chairs on the Titanic. |
Albert Einstein once said "The definition of insanity is doing the same thing over and over and expecting a difference result".
Yes, buying new stock and making the store displays attractive is important. Good visual merchandising does lead to increased sales. However, it can’t occupy 100% of the fashion business owner’s time.
At least 1-3 hours a week should be devoted to fashion promotion and working on the marketing calendar. You can’t expect store sales growth without this activity. It just won’t happen.
So when I get the ‘deck chair replies’ – I say to myself … "Insanity"!
If you are a fashion retail store owner and do spend 1-3 hours a week on ‘non-titanic’ activities – well done.
If not, or if you don’t know how to break-through to higher sales revenue, contact us about our fashion marketing programs. Not only will you save time and money ‘experimenting’, you will get actual proven and tested promotions ‘ready to roll-out’ for instant sales and more cash in your bank account.
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Article originally published: October 8, 2010 by Mark Fregnan.




