Pulse Legacy Archive July 2012 | Page 26

INSIGHTS AND TAKEAWAYS A Sneak Peek of the Professional Development Sessions F rom learning business strategies, discovering new leadership tools, developing marketing tactics to understanding the Spa STAR Report, this year’s Professional Development Sessions’ (PDS) lineup provides the education advantage that ISPA Conference attendees have come to expect each year. Aside from carefully selected topics that cover all the vital business areas of your spa, this year’s speakers—selected by your peers who are part of the ISPA Speaker Selection Task Force— below are among the most credible, knowledgeable and respected experts both in and outside the spa industry. What are some of the key takeaways you’ll leave with at this year’s PDS? Here’s a sneak peek of what to expect. ON BUSINESS STRATEGY LIFESTYLE RETAIL: SMARTER, NOT HARDER Speakers: Charles Compton and Kim Matheson Shedrick Why You Should Listen to Compton and Matheson: CHARLES COMPTON is the founder and president of Mars Solutions, a retail consulting company with a focus on the hospitality industry. With a client roster that includes Ritz-Carlton, Marriott, Hyatt, Hilton, among others, Compton’s specialties include teaching and training management and store teams in state-of-the-art retail branding concepts, better inventory management, sourcing and product development with a focus on a selling and service culture in a luxury store environment. is the president and owner of Natural Resources Spa Consulting, Inc. and MySpaShop.com. Under her leadership, her consulting company assisted clients like The Four Seasons, Ritz-Carlton, Rosewood, Marriott, St. Regis in strategic business decisions. KIM MATHESON SHEDRICK 24 PULSE ■ July 2012 Immediate Takeaways from this PDS: ● ● ● ● Develop benchmarks and a monthly scorecard that provides dashboard to help to monitor progress and gain insight. Learn a consistent and systematic sales training and incentives approach customized for all staff and leadership position. Develop a buying system, strategy and checkbook on how to pre-book orders for top 10 products, clothing, seasonal items, and replenishment. Establish methodology for delivery and consistency. Long-term Tactics You’ll Leave With: ● ● ● Have long-term retail growth with limited downside risk of imbalanced and aged inventory that could hurt profit margins. Be knowledgeable about retail metrics and benchmark yourself against your peer group. Have more aesthetically pleasing and effective merchandise display and layouts. (CONTINUED ON PAGE 26)