Posts by Damon Meadows
The Art and Science of Retail Pricing
In the dynamic world of retail, pricing strategies are not just about covering costs and marking up for profit. They’re a blend of psychology, market research, and data analytics, especially when it comes to pricing similar items in a store. The right strategy can mean the difference between an item flying off the shelves or…
Read MoreUnlocking the Full Potential of Sales Representatives in Brick and Mortar Retail
In today’s rapidly evolving retail landscape, brick and mortar retailers face an array of challenges, from the rise of e-commerce to shifting consumer preferences. As a previous retailer, I’ve witnessed firsthand how leveraging the full potential of sales representatives can significantly impact a retailer’s success. Traditionally, sales reps have been seen primarily as order-takers, facilitating…
Read MoreThriving in Retail: Strategies for Success in a Down Economy
In challenging economic times, businesses often face declining consumer confidence and reduced spending. However, downturns also present unique opportunities for agile retailers to not only survive but thrive. Here, we explore practical strategies for retail success in a down economy and how Melrose International can support retailers in navigating these challenges. 1. Emphasize Value and…
Read MoreNever Miss A Sale with the Game-Changing Melrose Dropship Program
Hey there, fellow retailers! Brad here, and today, I want to share some insights on how you can elevate your retail business without breaking the bank on inventory. We all know the struggle of balancing stock, managing storage, and dealing with unsold products. Enter the Melrose Dropship Program—a game-changer that can streamline your operations and…
Read MoreWhen and How New Retailers Should Mark Down Products: Leveraging AI and POS Systems for Optimal Pricing Strategies
In the competitive world of retail, effectively managing markdowns can make or break a retailer’s success. Properly timed and strategically planned mark down can boost sales, clear out old inventory, and improve cash flow. For new retailers, understanding when and how to mark down products is crucial, and leveraging artificial intelligence (AI) alongside point-of-sale (POS)…
Read MoreMelrose International Appoints Naomi Huber as New Brand Manager
Melrose International is proud to announce the appointment of Naomi Huber as our new Brand Manager. With her extensive experience in marketing and retail, Naomi will be responsible for overseeing the marketing of the newly added licensed brands, ensuring that they align seamlessly with Melrose’s vision and resonate with our valued customers. Naomi joins us…
Read MoreNavigating 2024 Holiday Season: What Retailers Need to Know
As we gear up for another holiday season, it’s time to face some hard truths. The retail world is changing fast, and the challenges for 2024 are more complex than ever. If you’re in the trenches like I am, you know that prepping for Q4 isn’t just about stocking up on inventory and decking the…
Read MoreMelrose International Welcomes Jessica Stephens as East Coast Sales Manager
Melrose International is excited to announce the appointment of Jessica Stephens as our new East Coast Sales Manager. With over two decades of experience in wholesale, Jessica brings an impressive background in home décor and gifts, making her a valuable addition to our team. In her new role, Jessica will focus on expanding Melrose’s Key…
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