Strategic Exchange - August/September 2008
Many people ask what a retailer should be doing when the economy is soft and store traffic is down. It’s times like these that make me love the flooring business even more.
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Many people ask what a retailer should be doing when the economy is soft and store traffic is down. It’s times like these that make me love the flooring business even more.
Even though sustainable design has been around for a number of years and is becoming more important by the day, the practice is still very much in its infancy, says one of the true experts in sustainable design, Bill McDonough.
I’ve never claimed to be the smartest person in the room, so let me acknowledge to you that there are words whose definitions are so vast they tend to intimidate me. One of those words is “sustainability.”
Located in a suburb of Milwaukee, Wisconsin, Malkin’s Carpets is an independent flooring retailer that offers carpet, hardwood, laminate, ceramic tile, area rugs, and vinyl floorcovering.
The independent retailers we surveyed from across the country have a lot on their minds, as they face new challenges at every stage of their business.
It’s a transitional year in the commercial business, strengthening in places and slowing in others, facing new challenges, and in its own way last month’s NeoCon reflected those dynamics.
In a down economy, many flooring contractors are looking for new sources of revenue. Sometimes that means entering a new line of business altogether, and some contractors have found that flooring maintenance fits the bill.
What business are you in? Before you read on, take a few moments and ponder this simple question. At Molyneaux Tile-Carpet-Wood we try not to view ourselves as being in the flooring business.
All you have to do is notice the flooring at any major retail store to know that wood flooring not only works well in a high-traffic environment, but that it’s also a much sought after design element.
Increasing sales is not always the right strategy for improving financial performance. In some cases rapid sales growth can strain your cash resources and cause the business to fail.