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Strategies for Building Retail Brands

Expert panel offers a baker’s dozen suggestions.

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Strategies for Building Retail Brands
Augmented reality is one way retailers can engage shoppers on a deeper level. PHOTO: ISTOCKPHOTO

Retailers looking for ways to nab maximum exposure for their brand might want to consider these 13 suggestions from the Forbes Business Development Council:

  1. Focus on the Product Experience
  2. Learn How to Meet Your Customers’ Needs Effectively
  3. Introduce Omnichannel Retailing Across Business Platforms
  4. Leverage Partnerships with Influencers
  5. Increase Brand Exposure at Events
  6. Immerse the Buyer in an Engaging Brand Environment
  7. Ensure Data Security to Protect Your Business and Customers’ Information
  8. Engage In SMS Messaging to Communicate with Clients
  9. Personalize Your Outreach Methods
  10. Reduce Your Brand’s Carbon Footprint
  11. Demonstrate the Authenticity of Your Brand’s People
  12. Create “Magical” Environments Through AR and VR Retail Visits
  13. Embrace TikTok Shop

Chances are, you’re already doing some of the above. But for more information from the Forbes council about those you’re unfamiliar with, click here.

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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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