Other People’s Recycled News | August 24 – 31
31 Aug
Canada Adds Record Retail Space
Canadian developers added retail space at a record pace while the country’s economy went through a recession, spurred on by shoppers and investors such as the Ontario Teachers’ Pension Plan.
Teamwork: A lesson for tough times
It’s a lesson for all retailers in tough times: Working hand in hand with suppliers can build both their businesses. “By working with vendors well ahead, they can help us get through this stuff,” says the 56-year-old CEO, sporting the teen garb of khaki shorts, baseball cap and flip-flops at head office in Burlington, Ont.
Being green will soon get a whole lot easier
The range of business that can get involved is wide, Mr. Bernard said, pointing to sectors such as gear box manufacturers, surveyors and mappers, plastic injection moulding, temperature and icing-sensing systems, education and training, metal stamping, and crane operation.
Good partnership juices up profits
The dynamics of any partnership can have as much impact on the success of the venture as does a strong marketing and business plan. Just be sure you are both acutely aware of your own, and each other’s, management styles and personalities.
Vacation shouldn’t cost you business
An owner’s absence can also be a test of how solid the business is if it can continue to function. However, improper planning and quick hires to fill in can drive customers away and permanently damage a business.
Talent Isn’t Everything: 5 Insights on Hiring the Right People
Hiring the right people – perhaps the holy grail of leadership skills – is a never-ending challenge and a constant learning experience.
The Little Things
I looked around the shop a bit and noticed something else interesting. They were actually selling these pads for a dime. Talk about turning your trash into treasure. Even if they just sold two of those pads a day, they’d have $60 more – just from their refuse.
Prioritize the Customer Experience
If you don’t communicate your company standards clearly your employees might make their own.
Andy Buyting has been in the retail industry since he was six years old. Today, he applies his entrepreneurial know-how to Green Village Home & Garden, one of Canada's most successful specialty garden stores. Green Village Home & Garden is currently expanding into multiple locations throughout eastern Canada.
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