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Specialty Shop Retailing: How to Run Your Own Store (National Retail Federation)
 
 
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Specialty Shop Retailing: How to Run Your Own Store (National Retail Federation) [Hardcover]

Carol L. Schroeder (Author)
4.5 out of 5 stars  See all reviews (20 customer reviews)


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Book Description

National Retail Federation January 31, 1997
Praise for Specialty SHOP Retailing

"A well-written book which covers all aspects of specialty retailing. A wonderful resource for anyone in retail or thinking about opening a shop." —Kim Mack, Vice President, Crabtree & Evelyn

"Specialty Shop Retailing is a bonanza of savvy ideas and an excellent road map to success in specialty retailing. . . . Schroeder apparently has done it all, or most—and, thankfully, she's willing to share it with the rest of us!"—Phyllis Sweed, Editor-in-Chief, Gifts and Decorative Accessories

"Everything you wanted to know about specialty retailing you can learn right here. . . . A must read by all prospective owners and all key employees. . . . Add your own creativity and fun, and you have the formula for SUCCESS!"—Joan F. Gillman, Director of the Family Business Center, University of Wisconsin-Madison

"The first book you should read if you want to open a successful retail specialty shop, and a must book to read if you want to compare your store with one of the best in its field."—Bill Haefling, President, Haefling & Haefling, Inc.

"If you've ever been in Carol Schroeder's store, you've probably wondered whether she believes in magic. There is something about her shop that creates a magnetic pull. . . . In this book, Carol describes clear, conscious management decisions that work."—Catherine Stover, Editor, Small Business Forum

"If you plan to open a specialty retail store, this book is a must! . . . I guarantee that those with existing retail operations, regardless of the maturity of the business, will also benefit from this book. Enjoyable reading!"—Anne McGilvray, Anne McGilvray & Company

"Carol Schroeder's insightful and humorous approach, combined with her broad human understanding and expertise, make for enjoyable as well as instructive reading. This book is essential for anyone who is considering opening a retail store."—William E. Little, Jr., Chairman, George Little Management, Inc.

When Carol Schroeder and her husband founded Orange Tree Imports 20 years ago, they had no retail background whatsoever. Carol knew she was in for a learning experience—and learn she did! She taught herself merchandise display, record keeping, inventory management, and a myriad of other skills that make up the store owner's craft. Carol is now an award-winning retailer; her "little gift shop" enjoys annual sales of $1.5 million and employs more than 30 people. In this book she shares her learning experience with anyone who dreams of achieving the independence and satisfaction that come with running your own store.

But Specialty Shop Retailing is much more than a lively memoir filled with helpful hints. It is a comprehensive guide to every aspect of opening and operating a retail store. Ms. Schroeder covers everything from choosing a location and store design to niche marketing, advertising, and customer service. She supplies more than two dozen forms ready to copy or adapt for use in your own store; and her tutorials on visual merchandising, store design, and advertising are supplemented with beautiful photographs, sample ads, and witty cartoons. The book includes an extensive glossary of retail terms and a bibliography of additional reading sources for help on special topics such as writing a business plan and managing employees.

Like any wise businessperson, Carol Schroeder doesn't rely entirely on her own experience. From interviews with dozens of the most successful specialty retailers in the United States and Europe, she culls practical solutions to some of the field's most daunting challenges. She addresses major strategic issues, such as competing with big box discounters and diversifying product mix. Many of these solutions are built on straightforward, simple techniques that can be used in any store setting.

Whether you're a seasoned retailer with many years' experience or a novice just beginning to plan a store, Specialty Shop Retailing will surprise you with a host of new and imaginative ideas to make your store more attractive to customers, more profitable for you, and more interesting and exciting for everyone.



Editorial Reviews

From the Publisher

Based on author Carol Schroeder's experience turning a small gift store into a $1.5 million-a-year single-location concern, this book tells budding entrepreneurs everything they need to know to start and run a successful specialty shop. Contains a complete, step-by-step guide for beginning entrepreneurs and new ideas for established small retailers. Covers all the bases, including finding your niche and which products to sell, developing a realistic business plan, maintaining records, managing inventory and merchandising. Includes valuable tips on how to make the most of your advertising budget. A total blueprint for success from one of the nation's most accomplished small retail shop owners

From the Inside Flap

New revised and updated edition!

When Carol Schroeder and her husband founded Orange Tree Imports twenty-five years ago, they had no retail background whatsoever. With drive and determination, they taught themselves everything they needed to know—merchandise display, record keeping, inventory management, and the myriad other skills that make up a storeowner's craft. In Specialty Shop Retailing, Carol shares this experience and wisdom so that you too can grow your business into an award-winning success. This newly revised edition also brings you the latest in technological trends, advertising, hiring, and customer service.

More than just a lively memoir filled with helpful hints, this comprehensive guide covers every aspect of opening and operating a retail store, from choosing a location and store design to niche marketing, advertising, and customer service. Carol Schroeder supplies more than two dozen ready-to-use forms, and her tutorials on visual merchandising, store design, and advertising are supplemented with numerous photographs, sample ads, and witty cartoons. The book includes an extensive glossary of retail terms and a bibliography of additional reading sources for help on special topics such as writing a business plan and managing employees. In response to reader demand, this revised and updated edition offers new information on advertising in new venues such as cable television; the effects of e-commerce on small businesses; customer service trends and programs; and hiring and retaining employees in good times and bad.

Like any wise businessperson, Carol Schroeder doesn't rely entirely on her own experience. From interviews with dozens of the most successful specialty retailers in the United States and Europe, she culls practical solutions to some of the field's most daunting challenges. She addresses major strategic issues, such as the pros and cons of buying into a franchise, negotiating a lease, competing with big box discounters, and diversifying product mix. Many of these solutions are built on straightforward, simple techniques that can be used in any store setting.

Whether you're a seasoned retailer with many years' experience or a novice just beginning to plan a store, Specialty Shop Retailing will inform and guide you with up-to-date information, practical advice based on the author's experiences, and simple strategies for establishing yourself and finding success. --This text refers to the Unbound edition.


Product Details

  • Hardcover: 368 pages
  • Publisher: Wiley; 1 edition (January 31, 1997)
  • Language: English
  • ISBN-10: 0471147214
  • ISBN-13: 978-0471147213
  • Product Dimensions: 9.1 x 6.1 x 1.3 inches
  • Shipping Weight: 1.3 pounds
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (20 customer reviews)
  • Amazon Best Sellers Rank: #1,664,070 in Books (See Top 100 in Books)

More About the Author

My varied career as an author and translator has one uniting theme: helping people improve and enrich their lives. I am excited to have the opportunity, together with Ann Ehrlich, to introduce students to medical terminology through our series of textbooks published by Cengage. I know how important a good grounding in medical terminology is for all those starting a new career in the allied health field, and believe that our texts do an excellent job helping students gain these essential skills efficiently.

My own career in retailing is the background for Specialty Shop Retailing: Everything You Need to Run Your Own Store, now in its third edition with John Willey and Sons. (A second edition in Russian is also currently in the works.) I invite those interested in retailing to read my weekly blog, www.specialty-shop-retailing.com, and to subscribe to my bimonthly podcast by that name. Together we can help your business succeed!


 

Customer Reviews

20 Reviews
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Average Customer Review
4.5 out of 5 stars (20 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

26 of 26 people found the following review helpful:
4.0 out of 5 stars Provides an illuminating look into a mysterious business., July 20, 1997
By A Customer
This review is from: Specialty Shop Retailing: How to Run Your Own Store (National Retail Federation) (Hardcover)
You have to be in retail before you can appreciate how mysterious and unpredictable it is. Schroeder overviews the basics of getting started, the basics of retail finance, designing your store, buying and merchandising, staffing, customer service, and advertising and promotion. Each of these chapters provides just an overview, although I found her chapter on staffing to be particularly helpful. The book also provides a very good literature review. There are numerous books in the bibliography that will make interesting reading. My only regret is that Schroeder didn't provide more of her own experiences. She has a fascinating story to tell. How a fresh college graduate can purchase a failing retail chain and turn in around almost immediately is beyond my abilities. You are left wanting to know more of her story over her 20 years of experience. How did she really build a small store to $1.5 million in annual sales? Its fun to read a book written not by a professional author, but by a seasoned retailer who is willing to help others. She has made a tremendous contribution. Dr. Ken Bailey co-owner, Wicker & Brass Etc.
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26 of 27 people found the following review helpful:
5.0 out of 5 stars Couldn't put it down!, November 15, 2001
By 
Christina "christina-l" (Chateaugay, NY United States) - See all my reviews
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This review is from: Specialty Shop Retailing: How to Run Your Own Store (National Retail Federation) (Hardcover)
I was very happy with this purchase. Although I have one store currently, have had a store in the past, and want more in the future (hence this purchase), I didn't really expect much new information. Not only did I get some great hints, but the book was so well written that I literally grabbed it every minute I could after I received it to keep reading. I finished it in less than 2 days! Very thorough, and suitable for a new or more experienced merchant. Impressed at author's willingness to share her goof-ups as well as her successes. Great value for the price (not one of these cheap, vague pamphlets you see all over the place). Definitely a keeper!
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109 of 131 people found the following review helpful:
4.0 out of 5 stars Pretty good book but Retail Business Kit for Dummies better, June 16, 2003
By 
Stephen L. Nelson (Redmond, WA United States) - See all my reviews
(REAL NAME)   
Let me start by introducing myself and explaining an apparent potential conflict of interest...

I'm a CPA in Redmond, WA and am always on the lookup for resources that I can suggest to clients. I have quite a few independent retail clients and so was interested in this book.

I also happen to be the author of QuickBooks for Dummies and Quicken for Dummies.

Okay, all that said, I think Carol Schroeder's book is a pretty good one. The book has lots of good information for the independent retailer or the prospective independent retailer. (As you can see, I gave it four stars!) But I really think that the Retail Business Kit for Dummies is a better book. There's more information in the Dummies book and it's an easier read.

One final comment: Before you say to yourself, "Hey, he's just recommending another Dummies book, that's bogus!" let me point out that both the Dummies series of books and "Specialty Shop Retailing" are published by the same company, John Wiley & Sons.

Maybe the thought I'll leave you with is this: If you're interested in learning more about starting and running a successful retail store, read Retail Business Kit for Dummies first... then, if you want more information and have time for another book, read Specialty Shop Retailing. You will get good information in the Shroeder book that isn't in the Dummies book.

Steve

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I firmly believe retailing is the most exciting and creative field of small business today. Read the first page
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