news bytes Simple Scents


New research shows that shoppers are drawn to—and spend more at—stores with simple scents. Orange sells better than more complex green tea, for example. So even if a complex scent is a pleasant one, it might not always be the best


one for your bottom line. Source: Washington State University


1trillion


A New Year, A New Business?


If you’re ready to take your specialty retail business to the next level, the first thing you could use is a checklist: do I have a location, a source of funding, enough capital, the right product. Visit the Small Business Association (sba.gov) for templates that help.


Our annual cart and kiosk listings in this issue gives a quick rundown of many specialty retail opportunities. Use them as a handy guide when you go shopping for your next venture.


Grand Spending


There are 44 million households with grandparents and everyone knows, grandparents love to dote on their grandkids. What products do you sell to lure this lucrative demographic segment into your store?


Source: grandparents.com 34 Specialty Retail Report n Winter 2013 SpecialtyRetail.com


Applying the Breaks


Now that the holiday season is behind you, it might be time to scale back your sales force or redistribute workforce hours. Remember to continue to follow state laws for employee meal and rest breaks. Rules for younger employees are different from adult ones. The Department of Labor’s website has rules outlined by state.


Hispanic buying power is worth $1 trillion now and is expected to grow another 50 percent to $1.5 trillion in the next five years. It is also found that Latino households earning more than $50,000 are projected to grow at a faster rate than the total number of households. Source: Nielsen


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132