Retailer Web Services Digital Advisor Summer 2018 | Page 5

ON DECK SURVIVING POWERFUL FORCES AND THRIVING SINCE 1889 G uy Krisay can’t help but get nostalgic when he talks about his business. The building that houses Krisay’s Appliance & Bedding in Johnstown, Pa., has survived three major floods in U.S. history. The first natural disaster dates back to the 19th century: Johnstown’s “Great Flood” of 1889 occurred after a dam collapsed due to heavy rains. When rubble accumulated at the Stone Bridge (a historic landmark today), it caught fire and caused the water to back up. The building that would eventually become Krisay’s floated upstream to its present location. The building’s story of survival is in the annals of “Ripley’s Believe It or Not!” It wasn’t until 1979 (and two floods later) that Krisay and his dad, Steve, started the appliance business in the steel, iron and coal mining town. Maytag was the first brand they sold with many to follow, including Whirlpool, KitchenAid, Frigidaire, Speed Queen and GE. Within five years, the Krisays opened a warehouse one block away from the flagship store’s downtown location. A second location soon followed in upper Johnstown. “Time marched on,” said Krisay, “and we had our best year in business last year.” He continued, “But with success comes other issues that make my head spin— that’s where RWS comes in.” Here, Krisay, an Appliance Dealers Cooperative member, shares the history of working with RWS—from RetailDeck ® to Socrates—the evolving competitive landscape and the latest way RWS has made a difference in the profitability of the business. Digital Advisor (DA): How long have you worked with RWS? Guy Krisay (GK): A long time, 10 or 12 years. I remember meeting Jennie’s family (RWS COO Jennie Gilbert) at a buying fair. That’s where I initially got the interest in their services and became a RetailDeck customer. RetailDeck has always given us an idea of where our competitors are in terms of pricing. RetailDeck is important in terms of our inventory, warehouse and delivery. It’s been indispensable to our business over the years. Without RetailDeck, it would be like trying to run our business without a computer! DA: Describe your digital journey. GK: I’ve gone from wringer washers to computerizing our business. Back when we got our computer system in 2000, I remember my dad not wanting anything to do with it. I had taken a computer science class in high school, but that was in the punched card era. Soon after we signed on for RetailDeck, we got an RWS website. Today, we’re on Socrates. It’s easy for our customers to navigate and see everything from pricing to rebates and warranties. DA: How does RWS help with pricing? GK: Through the years, Jennie has always been there for me. As our business has grown and with last year being our most successful, it’s come with both rewards and challenges. This business has become a commodity with prices changing daily. Jennie understood what type of pricing structure we needed to make a profit and stay in business while remaining competitive. The pricing formulas RWS has established allows us to maintain a level of profitability without a customer coming to a manag er and questioning our pricing. We aim to give consumers the best price every day. We pride ourselves on servicing everything we sell. It’s one way we build loyalty as an independent retailer. DA: How has the competition changed? GK: Back when Lowe’s and Home Depot came to our small town, we did see a lull in business because they were new and exciting. But it’s a “self- service” model with very little guidance. An advantage for independent retailers is people don’t have to walk 100 yards to find someone to help them. Today, Amazon is a force that’s getting stronger. Right now, their strength is in the smaller items, like parts. It puts pressure on the independents. When we get calls for part pricing, we hear a lot of, “I can get that cheaper on Amazon.” DA: In the growing shadow of Amazon, how can an independent retailer win? GK: There’s a lot we can do. We do our due diligence to confirm a part number coincides with a model number (a common mistake consumers make when ordering parts online) and they’re ordering the right part to begin with. I’ve seen non-genuine OEM [Original Equipment Manufacturer] parts on Amazon. When a customer buys a part from us, we can test the old part and help with simple installation instructions. We see do-it-yourselfers come into our store two, three and four times for help. Our service department can fix it for them. Our building is a reminder of survival when powerful forces come along. 5