Archive for December 1st, 2009

Going Retail: Creating a Real Store

December 1, 2009

This story originally appeared in the Dealernews December 2009 issue.

Dictionary.com gives the following definition for the word retail: “The sale of goods to ultimate consumers, usually in small quantities.”

But of course we all know what retail stores are — they’re the ones in the mall, the Banana Republics, the Nordstroms, the Apple stores. They’re all retailers, right? What about your store? When was the last time you considered your motorcycle shop a retail store? You sell goods to consumers, often in small quantities. That pretty much qualifies you.

Since I started at Dealernews, I’ve had the “retail” conversation with countless people — dealer principals, OEM employees, sales reps, folks from the big distributors — and we almost always come to the conclusion that too many powersports dealers and dealer employees see themselves as running bike shops and not retail stores. As such, concepts inherent to retail like merchandising and marketing are placed on the back burner.

This is not necessarily a good thing. You’re competing for customer dollars against the Banana Republics and Best Buys of the world, large retailers that spend millions of dollars each year on in-store merchandizing and marketing programs built around seasonal and promotional changes. Often these promotions and efforts are backed by studies of consumer behavior and specifically target buying habits.

As the products change in these large stores, so does the retail landscape. How often do your apparel displays change? Is your P&A department (more…)