Children's Retail Best Practice Forum
Welcome to the third Wee Ones Web Log (AKA Wee-B-Log)! I am Betsy McPherson, the one and only original “Wee One” and I now have three wee ones of my own. So I shop in your stores (maybe a little too much).
This month’s message: Do not underestimate the power of innovative merchandising. It is one of the things that you, as a specialty retailer, are uniquely positioned to use to your advantage.
One of our best long time customers, Rick McKnight at the Kiddie Shoppe in Columbus, Georgia is a hugely innovative merchandiser (and a smart business man). His store is adorable…and profitable. It has been around for 75 years and Rick is a second generation owner. Constantly, he thinks about what would make his customers’ lives easier and what problems they have that he can help to solve; this guides his strategy. And over the years he has found that by staying focused on the following (in this order): product, presentation (ie merchandising), personality, price, he has a recipe for success.
So, the nitty gritty is in the execution, right? Here are a few of his merchandising tactics:
1) He sets up his store by telling little stories. For example, he might have a little “princess” area and every item in that area is princess- themed. He puts items of all different price points and from all different product categories in that area. He makes sure to include toys, too because they are high margin and less seasonal than apparel and accessories. Plus, they sell!
2) When he believes in a product, he makes a bold statement with it. He has an entire wall dedicated to hair bows (Wee Ones, of course) which he calls the “impact wall”. When he commits to a product, he really commits to it. So, his customers know that they can depend on the Kiddie Shoppe to have what they want when they want it. As a result they always come back, and more often than not they buy what they came in for and a little something extra.
3) When it comes to displays, he thinks outside the box and seizes on opportunities the minute he sees them. He loved the Wee Ones ceramic football display; he was easily able to create a strong presentation of school spirit accessories in a highly visible way with a minimal investment. His turn rate on the product was amazing; he sold out of his first order in three days!
Learn more about the Kiddie Shoppe http://www.kiddieshoppe.com.
Tell us what you think, please. We love a comment or two.
Even if this posting was not helpful to you, maybe next month’s will be. Please let me know about any issues/ challenges you are facing in your business and maybe I can help. Post any comments or questions you have about this posting and I will answer you immediately. Or write to me directly at
.
- weeones's blog
- Login or register to comment















Comments
Panel pictures/smocking/how to make money on these items
First, Betsy, thanks for the nice comments about the job we do with Wee ones. Great partnership.
We have been in biz 75 years and our smocking business on the whole is way down - Moms want more fashion and there is the ironing question, all these smocked FB microsites selling at cost, and Amanda Remembered is headquarted in my town and they have all these below cost warehouse sales - but so is our “panel picture business.” for years we have sold a ton of feltman, auraluz, etc. But now it’s like we sell them for gifts and 60-90 days later the new Mom brings them back saying “S/he outgrew it. or I’m not going to iron this” and I take it back because i am not about to hack off a new Mom from the getgo. BUT they still come in for the stuff when they have to have a picture made and now I don’t have it. again, i want to be able to accomodate the new Mom and not frustrate her from the start. All these lines are doing more knits (Auraluz even has a new knit division). So…wise ones…what am i missing? What lines do you carry for this purpose? How much floor space and inventory dollars do you devote to this category? This is definitely a sale we are missing but I have poured money down the drain by having an entire wall of ‘panel’ looks before and don’t want to go down that road again! Any advice? rick McKnight the kiddie shoppe columbus GA