Hardware Retailing

OCT 2018

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

Issue link: http://www.hardwareretailingarchive.com/i/1030469

Contents of this Issue


Page 75 of 102

10. Manage your inventory to connect customers and products. Whether you cater primarily to professional crews or make your bread and butter on sales to DIYers, ensuring your business stocks the right inventory is critical. When customers find the exact product they need, they'll hold your business in high regard. Learn about best practices for managing slow-moving inventory on Page 84. 9. Use industry research to benchmark your business. Knowing how national trends affect the channel is vital. Every year, NRHA publishes a variety of resources that shed light on how you can lower operational costs, offer competitive benefits programs, meet shifting customer preferences and stock new products. Learn more at nrha.org. 8. Find unique ways to recruit. Retailers must take time to regularly search for new hires to enrich their businesses. Considering different interview procedures, including group interviews, can be beneficial to ensure you're finding and vetting the best talent possible.

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