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  • Holiday Retail Strategies to Boost Your Bottom Line, With the Numbers to Prove It!

    Dermalogica Skin Therapist Retail Products

    As the holiday season approaches it is an exciting time as spa and salon owners know they will see a peak in retail, service and gift cards sales. It is also the time of year where there is an overwhelming amount of competition, with many customers simply looking for the best deals.

    The latest retail holiday sales forecast is projecting as much as $965 billion in sales between November and January, a 4% increase over last year’s shopping season, pointing to a successful holiday season ahead [1]. Keeping in mind the importance of exceptional customer service, lock in those holiday sales and keep your clients returning to you with the following tips.

    • This is the time of year it’s best to offer a promotion such as gifts with purchases. For example, try offering a gift of the customer’s choice with any gift card purchase of a certain amount. Customers will be more willing to buy if there is an incentive for them in return. Fifty percent of consumers indicated that they plan on buying gifts for themselves while shopping for others this holiday season [2].

    • Train your staff to ask every client if they need any gift cards or retail purchases that might be suitable for their friends and family. Remember that every gift card sold is a potential new client. This is the time to lock in new clients as 46% plan to give gift cards this season and a whopping 58% of recipients plan to redeem gift cards within a month of receiving the gift [2].

    • Offer complimentary gift wrapping during the holidays and display examples of gift wrapping options, including gift cards. Custom gift baskets are another great option for clients by allowing them to customize a gift for minimal or no extra cost. Offering unique and custom gift options will help separate you from the competition. Customers look for special gifts with 42% planning to shop at local independent stores rather than malls [2]. The holidays can be stressful and little perks can make all the difference in a sale!

    Merchandise to encourage upselling opportunities while keeping displays clean and cohesive; focusing on what will help entice and intrigue the customer rather than an abundance holiday decor. Stock up on holiday kits and take advantage of deals vendors are offering. Promote seasonal kits and specials on a focal table that can’t be missed and keep small items near your cash wrap as “impulse buys”, which can make great stocking stuffers. Make sure to also offer a selection of service packages such as a bundled package in which clients can receive larger discounts the more services they purchase.

    Host a holiday themed event with special perks for your customers. This is a great time of year to partner with other local businesses and attract new clients! Offer a discount or credit towards products or services with the purchase of a gift card or holiday set. Each business can offer a bounce back to each other and by joining forces can reach more customers through social media outlets. Consumers are open to change, often looking for new stores and brands to make holiday their purchases, with 41% making purchases from a new retailer in 2014 [3].

    Remember that the holiday season can also help set you up for success in the New Year by taking advantage of the increased traffic. Don’t forget to capture all client information during this time of year, especially emails, getting permission to send your clients special offers and updates!