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What Are The Benefits Of Merchandising For Retail Businesses?

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Merchandising refers to deploying specific marketing strategies to impact the customer shopping experience. The prime goal is to drive sales and display the right products to the right set of customers with proper information. Retailers can use the power of visual merchandising and reap better profits from their brands. They can clear out the existing products and offer new product lines to the customers to further widen their customer base and grab new opportunities.

In this comprehensive article, we will go through some of the top benefits of using merchandising for the retailer in today’s competitive market. So, without any further ado, let us dive into the details.

Top Benefits Of Using Proper Merchandising For A Retail Business

Have a look at some of the top benefits of using the correct merchandising strategies for a retail business.

1. Higher Foot Traffic

With suitable merchandising strategies in place, you can make sure that the customers visiting your retail business will enjoy an excellent shopping experience. This will have a positive experience of your brand on their minds which will help you retain them in the long run. So, you can enjoy steady foot traffic for your store

Besides this, the storefront of the retail business plays a vital role in attracting new customers. A visually attractive exterior can grab the attention of new customers and entice them to come into the store to have a look at the products. This further increases the foot traffic with which you can generate more sales and reap better profit.

2. Better Customer Service

With proper merchandising, you can offer better customer service to your customers in the store. You can leverage the power of aisles, retail displays, fixtures, and other elements to create an informative and beautiful layout. This will help the customers to find the right products and get all the information without any hassle which will improve their overall shopping experience.

Moreover, you can guide them with suitable visual cues about the new products and the ones that are on sale. Customers will appreciate the proper organizations as they can easily find the right products to purchase. 

3. Increased Brand Awareness

Higher brand awareness is another benefit of using proper merchandising for a retail business. With effective strategies, a brand can easily increase its visibility and recognition among its customers This further allows the brand to offer a lasting impression on them and increase the overall customer loyalty.

When customers find a store visually appealing and easy to navigate, they are more likely to spend time browsing and making purchases. This positive experience can lead to word-of-mouth referrals and repeat visits. This further strengthens the overall brand awareness for the brand in the market.

4. Cost-Effective Approach

One of the best advantages of using proper merchandising to improve the overall sales and profit of the retail business is due to its cost-effective nature. The managers can deploy specific merchandising strategies and guide the staff to rearrange the products properly.  All these things can be done without any heavy investment of resources or money from the store. Moreover, you can invest in a retail management tool to automate the process and reduce the risk of product mishandling.

5. Increased Inventory Turnover

With proper merchandising strategies in place, you can enjoy improved inventory turnover. You can place the products strategically and create attractive displays which can make the entire merchandise more appealing to customers which further promotes higher sales. Moreover, proper product placement makes sure that the popular and high-margin items are prominently featured which encourages faster purchase cycles. Seasonal and promotional displays create urgency that promotes quicker buying decisions. Organized and well-stocked shelves make it easier for customers to find what they need, reducing the time products spend on the shelves. The improved inventory turnover will improve cash flow and reduce the holding costs.

The Bottom Line

Here are the top benefits of using proper merchandising strategies for a retail business. You can leverage its power to drive more traffic to your business which will increase the overall sales and profit for your brand.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

The Breakroom Reset: Small Changes That Improve the Workday

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The office breakroom is a space that’s often neglected and can sometimes feel more like an afterthought than a key feature of the workplace. This is unfortunate, especially since employees typically visit the breakroom to rest and recuperate before finishing their shift. Considering its intended function, the breakroom should be viewed as one of the most important spaces in the entire office.

Having a welcoming and rejuvenating breakroom can promote social interaction, enhance workplace culture, and reduce stress. Employees who feel restored after visiting the breakroom are more likely to feel happy at work and be more productive the rest of the day. If your workplace breakroom leaves a lot to be desired, here are some small changes you can make to totally reset it. 

Small Breakroom Changes That Improve the Workday

Unless your breakroom is in shambles and needs major reconstruction, you don’t have to spend a fortune on it to make it more inviting. In many cases, small and simple changes can make a big impact on the overall vibe of any space.

Whether you’re working with a limited budget or limited space, there are still plenty of things you can do to reset your boring breakroom. Here are some small breakroom changes that can improve the workday and give you maximum bang for your buck.  

Convenient Hydration Options

Employees need to stay hydrated to keep their health and energy levels high.  Unfortunately, many employees are chronically dehydrated because they don’t have access to tasty beverages at work. This doesn’t necessarily mean you have to install a soda machine in the breakroom. Giving workers unlimited access to sugary drinks could backfire in the long run by contributing to illnesses and increased sick days. 

Instead of offering sugary beverages (that can actually contribute to dehydration in the long run), make it easier for your employees to stay hydrated with pure water. Providing a filtered office drinking water system is one of the best ways to encourage optimal hydration. Most employees will appreciate the clean, tasty alternative to standard office tap water.  

Comfy Seating

When was the last time you took a look at the seating arrangements in your breakroom? If it’s been a while, take a walk over there and give it a good look. Is there sufficient space for multiple employees to sit at the same time? Are the seats comfortable and rearrangeable so employees can interact with others or achieve greater privacy as desired? If not, you might benefit from a breakroom seating reset. 

Seating arrangements in breakrooms should be both comfortable and flexible. You might want to bring in some modular furniture because it’s easy to move and rearrange as needed. For maximum versatility, seating arrangements should include a mix of traditional breakroom chairs and tables, lounge chairs, and even bean bags. Making the space as open as possible will also help it look more roomy and inviting. 

Nutritious Snack Options

Most employers don’t provide full meals for their employees. It’s perfectly reasonable to expect workers to make their own lunch or dinner arrangements. However, if you want to support your employees’ energy levels, keep healthy snacks in your breakroom. Nutritious snacks can enhance employee performance throughout the day, so workers find it easier to get more done. 

Instead of investing in chips, candy bars, and other sugary sweets, opt for snack options that won’t cause sugar spikes and inevitable crashes. Some great options include trail mixes, protein bars, fresh fruit, popcorn, and veggie trays. Instant oatmeal cups can also be a convenient source of energy for those who don’t have time to grab breakfast before heading to work. You might want to send out an employee survey to see what types of healthy snacks your workers prefer.  

Optimal Lighting

Did you know that poor lighting can negatively impact your employees’ psychological and emotional well-being? Improving workplace lighting (including in the breakroom) can make a huge difference in worker morale and energy levels. Warm white light may be a great choice for the breakroom because it creates a soothing, calm atmosphere. Cool white light might be a better fit for conference rooms and cubicle areas because it enhances focus and energy.

Of course, natural light is arguably the best option for the office whenever it’s available. If your breakroom has windows, try to keep the shades open during working hours. That way, employees can experience the mood- and health-boosting benefits of natural light exposure.   

Entertainment Options

Some office managers and CEOs mistakenly think that a breakroom should be boring to serve its purpose well. However, the terms “boring” and “relaxing” are not synonymous. Employees may find a boring breakroom to be surprisingly non-restorative. On the flip side, a room equipped for entertainment can be very relaxing and rejuvenating. 

To make your breakroom a more enjoyable place to spend time, you might want to install a corner television. That way, workers can watch their favorite sitcom while they relax. You might also keep a few card or board games stocked in a cupboard for employees who prefer to interact in fun ways during their lunch breaks. 

Reset Your Breakroom Today

Your employee breakroom can reveal a lot about your overall workplace environment. If it’s not lit well, or if it’s boring and unwelcoming, workers are more likely to feel underappreciated and discontented. The good news is that you don’t have to sink a lot of money or effort into resetting your breakroom and getting a fresh start. Use these simple tips to revamp your breakroom and make it a place where workers can go to feel truly cared for and relaxed. 

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