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What’s Secial About Your Specialty Store?As an independent storeowner, you are by definition, a specialty storeowner. You have chosen to carve out a niche in the retail market, focusing on a particular type of merchandise. This is a positive move, particularly in today’s retail climate, where the landscape is filled with many big operators whose stores are mediocre, at best. You have many opportunities to capitalize on this advantage, and as a result, create a unique and interesting shopping experience for your customer. While concentrating on one specific category of merchandise, you can really define your customer. Think of the possibilities…Say, for example, you have a maternity clothing store. You know that your customer is female and will probably range in age from 20-40. She either works or is a stay at home mom. She will need to replace her regular clothing with maternity clothing, likely purchasing the same categories of merchandise that she wears when she isn’t pregnant. If this is her first pregnancy, she needs to basically create an entirely new wardrobe, not just fill in with a few items for the new season as she might ordinarily do. Her maternity wardrobe will be a major investment, and by shopping at your store that is filled with nothing but maternity clothes, she will be well serviced, and you will benefit. Niche Retailers Specialty stores can offer other benefits for the customer, as well. Many creative entrepreneurs locate their businesses in unconventional spaces like old houses, former factories and warehouses. These places make for interesting, and sometimes unusual, merchandising opportunities. Using furniture pieces such as chairs and couches to display some of your inventory also are a nice change from basic racks. These unusual venues are often considered “fun” places to shop because they offer a different experience for the customer. Even independent stores located in major malls can take on their own personality by mixing up the display pieces and using unusual color combinations on the walls and floors. In addition to the unique shopping environment, specialty stores can differentiate themselves by offering world-class customer service. Customers seek out stores that offer additional services such as complimentary gift-wrapping, alterations, special orders, trunk shows, and informed people to assist them. Regular training sessions for your associates are essential to give your store a leg up over your large store competitors. Creating a fun working environment for your employees will positively impact their interaction with customers-satisfied employees will be willing to go that extra mile to make a customer happy. Specialty Store Retailers Being a specialty store owner has its challenges, but also it affords one the opportunities to make your customer’s shopping experience fun and unique. Take the time to make your store a welcoming and a special place to shop.
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